Housing at historically low levels

From DS News



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> Research Firm Says U.S. Housing Has Never Been
This Undervalued


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
even lower.
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-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766