Tuesday, May 13, 2008
This Market is finding a realistic price level
CNNMoney.com: Home prices continue sharp descent
Lawrence Yun, the chief economist of NAR, attributed much of the record decline to liquidity problems dragging down high-priced markets.
"These are highly unusual results because there were very few jumbo loan originations in the latest quarter," he said. "So sales are much slower in high-cost areas."
Worth noting the realistic prices of positive performers. The UK is way over the top. Big falls to come.
Posted by plato @ 04:14 PM (83 views) Add Comment
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