Monday, December 1, 2008
Bottom in US housing in 3-5 years; UK slightly later
Some excellent graphs and easy-to-follow technical analysis in this article. Lots of comparisons with Japan's bubble. "My model suggests there is another 3-5 years before housing bottoms in the US. I also expect the UK, Canada, and Australia to follow similar paths, offset only by the start of their respective housing busts."