EMS

How Much More Will Housing Prices Decline?

Let's just assume for a moment that the further 8-10 % near-term drop is correct. Let's further assume that the value stay at those realistic levels for 5-7 years. Where will that leave the value of MBS as compared to where they are being carried on their (banks) books ? These factors can be priced into investibles and we can all model/ move/ choose to invest etc. forward...