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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skip Danger who wrote (233705)	12/18/2009 3:36:16 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 306849

It is really hard to predict how far house prices will fall and if they will fall lower than earlier this year. In many high end bubble areas, I expect prices to fall much more. But many low end bubble areas - and non-bubbble areas - could have already hit bottom. (That is no change from what I've been posting all year). Even in the areas that hit the price bottom, there might be some price declines from the tax credit driven mini-bubble (as you noted) For the stock market, the question is: will my expectations of an announcement of further house price declines be a negative surprise for the market? I'm not sure what investors expect. We get the October numbers later this month (during the holiday break), and the November numbers until the end of January, and those numbers will be a 3 month average. best wishes