« First « Previous Comments 2 - 2 of 2 Search these comments
Gosh, I hope home prices will stay flat or stickily trending down in the next 3 to 5 years (no sarcasm).
It has happened before -- here is the data for Los Angeles in the 1990s. Look at 1994-1997.
« First « Previous Comments 2 - 2 of 2 Search these comments
Did anyone check out the Corelogic numbers:
http://www.corelogic.com/uploadedFiles/Pages/About_Us/ResearchTrends/CoreLogic%20HPI%20Monthly%20Marketing%20Data%20April%202011WEB%281%29.pdf
One thing that's interesting is that they include numbers both including "distressed housing" and excluding "distressed housing." For the Bay Area, it looks like organic sales are largely flat for the last year or so, which is not unexpected in a housing bubble, whereas distressed sales have been more volatile -- sometimes they push the overall number up, and sometimes they push the overall number down. This isn't meant to be a post about the Bay Area specifically, although I watch the Bay Area most closely, so that's why I commented -- feel free to discuss any MSA.
#housing