id=aadee102d7&e=ebe71b748c> Research Firm Says U.S. Housing Has Never Been
The continuing depreciation of residential property values at the end of
last year has made housing look more undervalued relative to income than
ever before, according to analysts at the research firm Capital Economics.
Based on industry home price data, the company says in the fourth quarter,
housing was 15-21 percent undervalued as measured against individuals'
disposable income. That gap has widened from just three months earlier, and
the analysts say more forced sales of foreclosed properties will push prices
id=97c8bec972&e=ebe71b748c> > Read More
SUNIL SETHI REAL ESTATE
CA DRE#: 01173766