freemarketguy

Why Home Prices Should Either Stabilize or Recover This Year

I think its a common sense analysis that has value but does not address the possibility (liklihood) of undershoot. If prices can overshoot by 50% on the upside why cant the materially undershoot on the downside? I think you are early also.

Merrill's Rosenberg on Real Estate

You guys are communists. Let's just pick and choose some more industries to subsidize or close down. What happened to rule of law and private property rights?

Concerning the Case Shiller Housing Index

Hi, Shiller quotes the implied price declines from futures prices on his indexes but these futures are not liquid. for example, the Miami Future has 1 contract OpenInterest combined for all contracts beyond in 2009, 2010, 2011 and 2011 (6 of 7 contracts have -0- open interest). who is setting these futures levels if they are not trading and are they reliable if noone is trading them?