Wednesday, November 25, 2009

Barry Ritholtz : Housing Bottom? Not Even Close

Barry Ritholtz, CEO of Fusion IQ, says "We are "not even close" to a bottom in housing, He estimates national house prices remain 15-20% overvalued, based on the traditional metrics of: median income-to-median sales price, the cost of owning vs. renting, and housing stock as a percent of GDP.

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