jswede

Calling a Housing Bottom

I've been saying for the past year that the 20% down payment is back, and that in itself will drag this thing out another 2-3yrs. Americans, ahem, can't afford 20% down - not even close. They need a little time to save up for that.

In 2-3yrs, those savings will meet price corrections of another 20-25% from here, and then we'll bottom, then continue to appreciate in housing... at about the rate of inflation.... like the previous 100yrs leading up to this bubble.