Sunday, Jun 29, 2008
US House Prices Forecast 2008-2010
The Market Oracle: US House Prices Forecast 2008-2010
The housing market trend suggests that the annualised rate of house price falls could bottom at minus-18% for the July S&P/Case-Shiller house price data, therefore suggesting a continuation of the weakening trend in US house prices for the next 3 months (May,June,July data), after which the pace at which US house prices are declining 'should' improve as the current momentum is unsustainable beyond July 2008 due to sharp declines from a year earlier factoring into the annualised house price figures.
Posted by nadeem walayat @ 07:34 AM (189 views) Add Comment
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