Tuesday, May 11, 2010

Meet the foreclosure fish - excellent housing market analysis

Here's an excellent report by Westwood Capital http://bit.ly/c8wYzh about the US housing market and the "foreclosure fish" - mainly the gap between declining states and improving states when it comes to Case Shiller housing price. More states are declining and according to their report, prices have another 9% or so to go - down.
They're also negative on NYC as the huge overhang in construction hasn't nearly been absorbed - another 6 years of inventory remaining. 
Very interesting report - hopefully they'll keep updating these.

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