SS says
US Housing will see a bottom near 2015 or so.
http://www.bloomberg.com/news/2011-06-09/shiller-says-u-s-home-price-declines-of-10-to-25-wouldn-t-surprise-me-.html
“There’s no precedent for this statistically, so no way to predict,” Shiller said today at a conference hosted by Standard& Poor’s in New York.
“In real terms, there has never been a bust of this proportion,” he said. “Even in the Great Depression, home prices fell nominally approximately almost as much as they did recently. But that was with all prices falling. So real estate prices didn’t go down hardly at all during the Depression.”
US Housing will see a bottom near 2015 or so.
http://www.bloomberg.com/news/2011-06-09/shiller-says-u-s-home-price-declines-of-10-to-25-wouldn-t-surprise-me-.html
“There’s no precedent for this statistically, so no way to predict,” Shiller said today at a conference hosted by Standard& Poor’s in New York.
“In real terms, there has never been a bust of this proportion,” he said. “Even in the Great Depression, home prices fell nominally approximately almost as much as they did recently. But that was with all prices falling. So real estate prices didn’t go down hardly at all during the Depression.”
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