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Alternative View: Housing Prices Have Fallen Significantly Towards the Trend

Jesse presents two views on how far housing prices have declined towards the trendline. Is the fall approximately 75%, or closer to 25% (below, as proposed last night), or somewhere in between, say 50%?  – Ilene

p.s. my interview with Jesse is here.

Alternative View: Housing Prices Have Fallen Significantly Towards the Trend

Courtesy of Jesse’s Café Américain

Here is the graph associated with a view of the deflating housing bubble that shows we have appreciably fallen further than the 25% in the blog entry from yesterday.

united states house prices

For the details on this view read here.

I have not yet reconciled the two views, as I am ‘under the weather.’

Previously Posted View:

Have Home Prices Only Fallen 1/4 of the Way to Trend?

Interesting chart to say the least.

Ben is pumping the money buttons so hard that the trend may be realized a bit higher in nominal terms once inflation kicks in.

But it may not yet be the best time to buy that new home, unless it is done for a primary residence, and with great care.

As forecast here several times earlier this year, commercial real estate will be a train wreck in 2010. That should help housing find another leg down.

New Observations.net
Values Have Fallen Only 25% of the Fall Needed to Reach Trend
By Michael White
November 11, 2009

PRICE TRENDS / WAR OF THE WORLDS (Part 4): Property owners nationwide have lost only one dollar for every four dollars they can ultimately expect to lose on their home…

Read the rest here.

 


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