patrick.net

http://mhanson.com/archives/1674

...a “Return to Normal” is “Peak Housing” this time around too; a huge headwind — just like the “return to normal in 2007/08″ on the loss of exotic credit — to the consensus estimates of 10% to 20% sales volume gains and 5% to 10% price gains in perpetuity. In fact, organic house prices are already on the down — lagging the persevering demand slump — and likely to drop by 10% to 20% over the next 2 years, down more at the high-end...

...Without another, larger (than Twist and QE) spec-vestor and end-user stimulus catalyst, this 3rd serious stimulus hangover in 7-years will get worse, while record amounts of multi family and single-family for rent supply hit the market, not a good thing...

#housing