Wednesday, April 15, 2009

Greed Then Fear Then Loathing!

Here’s another excellent post by Ira Artman titled "Greed, Fear and Loathing - What's Next for Home Prices?" concerning the state of the housing market and specifically the outlook for home prices.

Ira points out, with superb detail, that home prices will more than likely overshoot their “fair” value with respect to incomes while unemployment and foreclosures continue to mount.