Steven R. Smith

The Housing Crisis is NOT Over

We are calculating the bottom of the market by Zip Code, using the Median Household Income, a 32% underwriting ratio and 20% down payment. In my Region, the Inland Empire, we have areas that are 8 to 15 months away from the Bottom. It depends on the Rate of Change. The faster things are going down, the sooner the Bottom.

Some areas are in Free Fall, going down more than 5% Per Month.