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« Investment Implications of the GM Bankruptcy | Main | Forecasting the Jobs Report »

June 02, 2009

Comments

VennData

Anecdotal Evidence: Lots and lots of dwellings people want to sell aren't on the market, have been, but are off it.

Would it that the MLS system could provide this information, technically possible ...politically, not so, for the operators of this archaic database.

Mike C

Our major conclusion? Most of the pundits are too confident in their predictions. We see so many who expect prices to move much lower, but there is little supporting data.

We continue to look for good indicators on housing, and welcome comments.

Just curious, is their supporting data that prices are indeed bottoming out the current level.

I suppose the main supporting data point is that home prices as measured by the Case-Shiller index are still above long-term trend, and the historical experience of bubbles popping is an overshoot to the downside, not stabilization at trend.

I'm not sure how sales can pick up until we get stabilization in employment?

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