Inventories are still high.
Low priced homes went higher in the bubble and have been crashing down faster. The following is the Case-Shiller break down for L.A. Lower priced homes are expected to hit their price bottoms sooner than the more expensive homes. While low priced homes have around 9 [...]
The latest Case-Shiller monthly Home Price Indices for December came out today. Home prices have continued to fall. If we look at housing costs through a variety of metrics we see that we are just starting to get down to the level of previous highs. To get back to historical average valuations [...]