Griz

Case-Shiller Still Predicts Massive 45% Fall from Today’s Values

In contrast to may readers wishful thinking, the 1987 - 1997 trendline sits exactly on the 100-trend from the long-term (1896 to present) Case & Schiller study. It is the correct proxy for "normal" trended house prices.

Conservative Property Index Predicts We're Less than Halfway Through Fall

But, this time is different (ha, ha, ha, ha)... Stimulus has only temporarily plateaued the fall in prices; we are only halfway through the total descent back to trendline (if we are lucky).