Tuesday, January 06, 2009
Almost exactly one year ago, a survey about the timing of an eventual bottom in home prices produced the colorful results shown below.
A fairly optimist bunch it seemed, the four realtors who answered 2008 were clearly more delusional than they were optimistic. At the time, it was noted:
If the 1990s housing boom/bust cycle in California is a good guide, we won't see a bottom in home prices nationally until five or six years after the peak which would put the next bottom closer to 2011 than 2009.With the year 2008 now stricken from the list of options and an open-ended guess for housing perma-bears added at the other extreme, now's as good a time as any to give it another try.
Free Website Poll
Once it scrolls off the main page, the survey will be left up in the sidebar for a few more days and a summary will be posted later in the week.