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.
Foreclosures Fish Food and the Final Fall in Home Prices
January 12, 2010
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