NewObservations.net projects residential real estate prices will fall 12 percent nationwide in 2010.
Our average of four major indexes predicts a total fall in prices of 34% from peak to stable trend. The total fall of 34% is based upon a current loss across four number sets of 19%.
The timing and the total fall vary widely among the data. The most conservative picture of our total fall is a 20% loss. The most radical prediction is that values will fall 51% from peak to stable trend (Please see the summary of results immediately below.).
One data set predicts that we will attain a trend value this year and then push beyond it (See below the First American Core Logic Chart.). The projections provided here artificially limit the loss to a return-to-trend value.
MORE HERE..
3 bedroom home in lovely downtown Detroit: Just $3,000!!
ReplyDeleteThose prices are coming soon to a city near you.
ReplyDeleteLots of wishful thinking idiots renting/leasing their homes now vs selling to wait and re-list after the big 'turnaround' hahahaha!
Gotta love greed. Stupid SOBs should sell right now and take whatever they can get, convert any proceeds to commodities/silver.
Yeah convert those proceeds to guns and ammo and food and water. The good news is spring is coming and tent living will be ok after that.
ReplyDeleteDamn this has been a cold winter.
Damn cold is right. Kinda kills the whole global warming scam doesnt it?
ReplyDeleteI lost my job due to subprime crisis. I am still in search of job.
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