Who Do We Believe About Home Prices?
The CNBC piece quotes analysts who predict at least another 33% decline in home prices. Oppenheimer analyst Meredith Whitney, a widely respected banking and investment analyst, has a video interview on the market's problems.
Then we can read the article at Realtor.org to find that a team of economists are stating these predictions are far overblown. They also criticize the Case-Shiller Index's shortcomings, and state that real price declines are only in limited markets.
For more info, I've updated the Case-Shiller and OFHEO Index graphs for 3 months and 13 months.


Comments
No comments yet. Leave a Comment