Friday, May 24, 2013

Calculated Risk: Update: The Two Bottoms for Housing

Calculated Risk: Update: The Two Bottoms for Housing
"There are usually two bottoms for housing: the first for new home sales, housing starts and residential investment, and the second bottom is for house prices...Now it appears activity bottomed in 2009 through 2011 (depending on the measure) and real house prices bottomed in early 2012."
Residential Investment and House prices