Average US Housing Price to Return to Peak Price in 2020

September 18th, 2009 by andum | Posted in Economy, Manage Money, Save Money, Wealth Preservation

California- The Real Estate Recovery of ... 2030
Paul Kedrosky of the Calculated Risk blog has posted the above graphic prepared by Moody’s economy.com (see full post here or click on graphic) that suggests that the recent peak housing prices will not return to the states hardest hit by falling home prices, such as California and Florida, until after 2023. The average US home price is not expected to return to the recent peak until 2020. Of course, these projections are based on assumptions that may not be met. But, if you own a home and are underwater and hoping for a quick return to a positive equity position, these estimates should temper some of your optimism. Note that the CSI acronym included in the graphic is the Case-Shiller index, a calculation based on repeat sales of US single family homes.

If you enjoyed this post, make sure you subscribe to my RSS feed !


Leave a Comment

CommentLuv Enabled