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Monday, October 20, 2008

Fitch: House Prices to Fall 10% over next 18 months

by Calculated Risk on 10/20/2008 05:31:00 PM

From the WSJ Real Time Economics: Fitch: Housing Prices Have 10% to Go Before Stabilizing

“Fitch’s analysis shows that the 29% rise in prices realized between 2004 and 2006 ... has been reversed. With prices returning to early 2004 levels, Fitch believes that most of the additional 10% decline ... will occur over the next eighteen months. Fitch then expects declines thereafter to moderate.”