ArnoldCountry

Economic Report Summary: Higher Durable Goods Orders and New Home Sales

Tim: Can you do us all a favor and elaborate some more on this:

"Based on the peak-to-trough history of home prices in Southern California experienced during the mid-1990s (i.e., from 1990-91 to 1995-96), anything less than a five year period from peak-to-trough during the current cycle seems unreasonable. This implies that a bottom in home prices might be expected in 2010 or later."

I am unfamiliar with the peak to trough terminology and would like to understand it a tad better.