Wednesday, December 28, 2011

Housing Prices: Is the Decline Almost Ended?

CalcRisk presents a few charts of interest.

His summary:  another 3-5% price drop will happen (in '12?), but that should be the end of it.

The price-to-rent ratio is now in 1999 territory.

3 comments:

Deekaman said...

If the condition of the economy is "intentional" (and I believe it is), I believe we are in a long-term downside to housing. That whole property ownership thingy? Those who rule us don't think we should be "owning" stuff like real estate. It's not "fair".

Just sayin'.

Dad29 said...

Umnnhh....

If Obozo intends to get re-elected, the FIRST thing he needs is a better economy. It's also the ONLY thing he needs, since the Pubbies don't seem to give a crap about ObozoCare, regulatory excess, un-payable spending-caused-debt, (etc.)

That said....

It does seem that, while overall demand remains muted, it's not really going south. The numbers are marginally better almost anywhere one looks (underline 'marginally.')

For Obama, that's good. His ultimate transformation can resume in Term Two, if he gets it.

Deekaman said...

The #Occupier of the White House only needs for the decline to slow and unemployment to get marginally better before the election. This is why they are not talking about those who have quit looking for work. Since most don't pay attention, they won't know the difference.

The Plan is coming together for The Rulers.