Data points to US economic depression but residential new home real estate may be at an intermediate bottom here
Sam Adelton
Feb. 26, 2008

The investors responded to economic data showing a stronger-than-expected uptick in January producer prices and a sharp fall in consumer confidence. US Labor Department’s Producer Price Index, which measures inflation pressures before they reach the consumer, rose 1 per cent in January, while core inflation rose 0.4 per cent for the month.

S&P/Case Schiller home price index showed home prices fell 8.9 per cent in the fourth quarter last year.

The data points to severe economic recession in US that is slowly changing into defaltion. Fowever there are increasing signs that an intermediate bottom in the residential real estate is here.

The residential real estate is now divided into two distinct separate groups. The older homes will continue to fall in price. But the price and demand for newer homes will rise for the next several years.

Data points to US economic depression but residential new home real estate may be at an intermediate bottom here
Sam Adelton
The residential real estate is now divided into two distinct separate groups. The older homes will continue to fall in price. But the price and demand for newer homes will rise for the next several years.
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