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Friday, September 28, 2012

Housing market poll results

Do you think the housing market is 

making a meaningful and long lasting recovery
  8 (14%)
 
just making a temporary upturn, there is still substantial down side risk to prices
  15 (26%)
 
making a short lived upturn with more sideways price action to come
  34 (59%)
 

Votes so far: 57

This is pretty close to what I expected.  I believe the pattern will be similar to Japan.  People rushed in after the first decline stopped only to get killed in the next big recession and house price decline.  I think the worst economically is yet to come.  If that is true, house prices will still fall more then they did.

Bob

 

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The information in this blog is provided for educational purposes only and is not to be construed as investment advice.