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Barclays: US housing prices declined at an annual 10% to 15% rate

Started by alanhart
about 17 years ago
Posts: 12397
Member since: Feb 2007
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"Efforts to revise the raw data to reflect normal seasonal swings in home buying activity–most home buying takes place in the spring and summer–led to over-stating the price recovery, analysts at Barclays Capital and Bank of America have argued. A more accurate estimate, Barclays calculated, would be that housing prices declined at an annual 10% to 15% rate. In other words, this market hasn’t seen bottom yet." More fun stuff: http://jubakpicks.com/2009/08/05/default-isnt-just-for-subprime-mortgages-anymore/#more
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