Subject: Home Prices Could Fall Another 20% to 50%
Case-Shiller Still Predicts Massive 45% Fall from Today’s Values Seekeing Alpha Friday, Nov 27th, 2009 The 10 major cities in the Standard & Poor’s/Case-Shiller home price index have risen 5% from their April low, but the index is still predicting a massive 45% fall from today’s values. Tuesday’s new number from the index showed a gain of just under .5% for the month of September, but the index remains 30% below the high in June 2006. Based upon a trend generated from the actual prices of 1987 to 1997, and generated forward in a linear projection, the index will fall a total of 62% before it reaches the trend norm. A more comprehensive analysis of the 10-city index based upon 120 years of data shows current values off 36% and a comparatively modest 20% fall ahead. Click this link to view charts: http://newobservations.net/property-price-index/. -- You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/shadowgovernment?hl=en.
