Tuesday, June 9, 2009

Schiller sees housing prices falling through 2010 . . .

Click on article title above or cut and paste below into your browser. The most accurate high profile economist to date on the housing correction recently wrote the attached article for The New York Times. We stand by our projections from June 2 article found at www.smashedfeet.com. BOTTOM OF THE US HOUSING MARKET WILL OCCUR NO EARLIER THAN LATE 2013 - MID 2015, BOTTOM WILL BE EXTENDED AND REAL ESTATE VALUES WILL INCREASE ONLY SLIGHTLY FOR A FULL DECADE FOLLOWING THE BOTTOM

http://finance.yahoo.com/real-estate/article/107163/Why-Home-Prices-May-Keep-Falling?mod=realestate-buy