Housing prices have bottomed, says Bill McBride, one of the keener observers of the market. Key...

|By:, SA News Editor

Housing prices have bottomed, says Bill McBride, one of the keener observers of the market. Key to his reasoning is the normalization of the price/rent ratio and a large decline in listed inventory. Don't look for increases yet, however, as he expects prices could move sideways from here for several years.