Posted on Tuesday, January 26, 2010
The latest release from Case Shiller show price down 0.2%. Thats 30% down from the '06 peak and a bit above 5% down from this time last year.
But its in line with what we've been predicting, a decline of about another 5 to 10% in prices for 2010. Most of the decline will be seen between now and summer time, along with a slight decline in home sales. But after that we should begin to see more consistant recovery in housing.
Agani, exact outcomes will vary by geographic region, price point and unit type.