Bill McBride is a very credible economic analyst whom I respect. But he is dead wrong in predicting that the housing market is bottoming. Here is why.
I will not discuss the first part of his claim – about housing starts – because I do not care about that at all. Only economists and Bill think that this is important.
I will focus on prices in major metro housing markets.
After yesterday's big moves in markets, today we get a big day for economic events. Via Bill McBride at Calculated Risk, here they are: Case-Shiller home prices: Analysts expect a 6.8% year-over-year increase. FHFA home prices: Anal... Read Post
With Bill McBride a/k/a Calculated Risk calling for a nominal price bottom for housing in March, it appears worthwhile to update my chart of asking prices from Housing Tracker. Back in June when I first started to publish this askin... Read Post
Calculated Risk's Bill McBride points us to a new interview with Robert Shiller, the legendary Yale economist who famously predicted the dotcom and housing bubbles Speaking to NPR's Neal Conan earlier this week about housing prices,... Read Post