Professor Mark J. Perry's Blog for Economics and Finance
Money Magazine recently put out a city-by-city home price forecast, using data from Fiserv Lending Solutions, First American CoreLogic, city and county assessors, and realtors. The magazine determined that U.S. home prices will fall an average of 9.7%, see list above (click to enlarge).
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
2 Comments:
Median prices are not home prices.
A good point. Cheaper, smaller and distressed homes sale during stressful times whereas the owners of more expensive homes are sometimes able able to wait out the storm. Media outlets that present median statistics offer misleading data. Bottom feeders gleefully encourage the distribution of gloom and doom data.
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