Thursday, December 23, 2010
U.S. Real Home Prices Reverting To The Long Term Mean?
Speaking of stating the obvious, the "analysis" sounds like a joke. Home prices have been around 170,000, so 5 percent is $8,500. Coincidentally enough, the 2009 federal tax credit was $8,000. Imagine that. Anyhow, consider yourself warned, as housing prices should be heading down next year and
the decline probably won't be as modest as the Fed would prefer.
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