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.
