Archive for December, 2009

The Numbers Still Say 30% Down 30% To Go

Dec 30
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property price index case shiller 1987 oct 2009 by new observations

It’s very nice that values achieved a gain of .013% in October, but we still have a 30% fall ahead of us and, as you know, we have a 30% fall behind us. Better send in your mortgage… Read more

Fed Treasury Choke On Kryptonite

Dec 23
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superman dead

The housing market remains oversupplied by 860,000 units when compared to a 10-year average inventory and the overhang represents a direct contradiction to the spirit of Tuesday’s headlines… Read more

Four More Years To Fall

Dec 09
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residential property price index freddie 1970 to Q3 2009

The exhaustive Freddie Mac price index fell 2% nationwide in the 3rd quarter and analysis of its data predicts prices will continue to fall for the next four years. While Freddie announced… Read more