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Saturday, December 22, 2007

Housing Futures: 11% Price Decline in 2008 for 25 Largest Cities

by Calculated Risk on 12/22/2007 07:07:00 PM

Radar Logic provides a daily estimate of house prices for 25 MSAs in the United States. If you click on Historical Data, you can see price charts and data for each city.

The Radar Logic data is similar to the Case-Shiller indices.

I mention the Radar Logic data, because according to Goldman Sachs, the Radar Logic futures data is forecasting a price drop of 11% over the next year, and close to 25% over the next 3 years for the 25 largest MSAs.