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Tuesday, February 15, 2011

Housing Crash Is Hitting Cities Thought to Be Stable - NYTimes.com

A companion piece for the previous posting. Housing refuses to recover, so the wood industry will continue to struggle...

Housing Crash Is Hitting Cities Thought to Be Stable - NYTimes.com:
"While almost every economist is expecting another round of price declines for the next few months, many see a leveling off in the second half of the year. Fiserv, the company that produces the monthly Case-Shiller Home Price Indexes, analyzed prices in 375 communities. About three-quarters of them will be stable by December, Fiserv calculates.

“We’re at a period near the bottom but with more volatility than we normally see at this point,” said David Stiff, Fiserv’s chief economist. “This sort of double dip is unprecedented for housing.”"

2 comments:

Anonymous said...

thank you for this information. It is in line with other reportings and the recovery may be slower on the housing side than originally thought. 2014? Uggggg

Chuck said...

Or later?