Tuesday, Feb 02, 2010
That wasn't a pop
WSJ: We’re Still In a Housing Bubble
"Adjusted for inflation, home prices are still 15-20% higher than they were in the mid-1990s. “There’s no plausible fundamental explanation for that,” he says.
Why? Simple, he says: Economic fundamentals are all going in the other direction. Rental apartment vacancies are reaching record highs. Many segments of the housing market are still oversupplied. And the core demographic in the country—the baby boomers—are reaching the age where they’re more likely to downsize, buying less house in the years to come."
Posted by rumble @ 10:57 PM (394 views) Add Comment
1 Comment
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1. nickb said...
The article says "Home prices have posted six months of gains, according to the Case-Shiller home price index, released this morning."
But follow the link ... For "gains" read "FALLS"! Does no-one proof read these things?