calculatedriskblog.com - 12/21/2008
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/Case-Shiller released both the September monthly home price indices for 20 cities (with two composites), and the national house price index. The national index shows prices are off 16.6% from Q3 2007, and off 21% from the peak. I'll have more on the national index shortly. This post focuses on ...
news.yahoo.com - 12/23/2008
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We Have a Winner?
The Baseline Scenario —
... First, Hubbard and Mayer, like many others, have the goal of preventing an overcorrection on the downside (housing prices falling further than where they need to go to be reasonable). But unlike many others, they have calculated where prices need to go, and one of their central arguments is that we are already there, and therefore housing prices should be propped up right now. This was surprising to me, since I am familiar with Case-Shiller charts like this one from Calculated Risk (click on the first chart to expand), which seem to show prices still more than ...
"Effective Nationalization of the Mortgage Finance Sector"
Economist's View —
... Hubbard and Mayer, like many others, have the goal of preventing an
overcorrection on the downside (housing prices falling further than where they
need to go to be reasonable). But unlike many others, they have calculated where
prices need to go, and one of their central arguments is that we are already
there, and therefore housing prices should be propped up right now. This was
surprising to me, since I am familiar with Case-Shiller charts like
this one from Calculated Risk..., which seem to show prices
still more than 50% above their 2000 levels (nominal ...
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