By Barry Ritholtz in The Big Picture:
There are a plethora of reasons why I believe we are nowhere near a bottom in Housing prices or activity. Here are a few:
Prices: By just about every measure, Home prices on a national basis remain elevated. They are now far off their highs, but are still remain about ~15% above their historic metrics. I expect prices will continue lower for the next 2-4 quarters, if not longer, and won’t see widespread Real increases for many years after that; Indeed, I don’t expect to see nominal increases for anytime soon...
Read all reasons...
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