phantomfivefive

Housing Prices Expected to Bottom in 2010, 21% Off '06 Highs

Yoski's analysis makes the most sense. But estimates on the severity of the decline depend on too many other things, such as the general trend of the economy (down) and how the fed will try to deal with that (massive inflation?). Assumptions based on returns to historical norms only tell part of the story. Still, I expect the decline will be on the more severe side of the estimates I've seen.

It's interesting to see FuckYouAssMonkies talk about "the bottom" in terms of price/sq. ft. I've often thought that that would be a more useful measure than the median prices that we see talked about all the time. Finding price/sq. ft. data isn't easy, however.