Selasa, 07 Februari 2012

CalculatedRISK: The Bottom in Home Prices is Years Away

The widely-read housing/econ blog points out that housing has two bottoms.  The good news is that the 50-year lows in residential investment, new starts and new construction seem to be behind us (see graph 1, from the FED, below).  The bad news for existing home owners who wish to sell is that the bottom for prices is years away.

This is true in the Charlottesville Area and for the rest of the

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