We project a fall in 2011 of nine percent.
via Seeking Alpha.
Many people dont realize that the housing bubble was actually an international phenomenon. Many countries around the world experienced rapidly rising home prices at the same time as the U.S.
via Bubble Meter
Over the past several years, the real estate industry in the United States has undergone a near collapse. House prices have been reduced so far by 25% nationwide due to the bursting of real estate bubble. The only vibrant part of the real estate market in the present economic recovery is the millions of foreclosed homes being sold to bargain hunters.
The housing bubble and crash has been the story in real estate the past decade. From 2000 when there was a flight from the stock market to real estate through the bubble bursting in 2006 to the present malaise in the market, we have watched a historical period in the real estate industry.
via the Real Estate Bloggers .
The destruction of household wealth since 2007 has been shocking. According to the Federal Reserve, household net worth has declined $11 trillion from its peak in 2007
via – Seeking Alpha.
My view is house prices – as measured by the Case-Shiller and CoreLogic repeat sales indexes – will decline another 5% to 10%. I think it is likely that nominal house prices will bottom in 2011, but that real house prices (inflation adjusted) will decline for another two to three years. (See: Question #1 for 2011: House Prices)
via Calculated Risk
Below is an updated list of rent ratios — the price of a typical home divided by the annual cost of renting that home — for 55 metropolitan areas across the country.
via bubbleinfo.com.
Below is an updated list of rent ratios — the price of a typical home divided by the annual cost of renting that home — for 55 metropolitan areas across the country.
via bubbleinfo.com.