Thursday, October 04, 2007
Home Price Estimates
Basically, the CME futures contracts are point to moderate price drops ahead in LA, DC, and quite a few other markets.
WSJ ON HOME PRICES
I think we'll see bigger price drips due to the impacts of the credit crunch and overbuilding. If LA drops less than 45%, quite a few industries are "priced out forever." Let's see how they adapt.