Lilguy

NAR's Lawrence Yun Continues to Mislead on Housing

[Comment edited for abusive language. Commenter put on notice] I do accept the NAR data as essentially accurate within its methodological assumptions, and make my own judgments about what it means.

For me, I don't look for house prices to stabilize before at least next year, maybe 2010, as the huge market overhang continues. I don't think house prices will reach their 2005 peaks for 7-10 years weakened, of course, by inflation in the meantime.