housepricedecline: Experts Seem to Agree on How Much Further Prices Will Drop - 08/06/08 04:05 PM
Real Estate Economics, a homebuilder consulting firm in Irvine has this to say about the Orange County housing market: "Opportunity/Risk Index currently resides slightly below equilibrium, but the trend is toward equilibrium.  Any O/R index above equilibrium represents market opportunity, and any index number below equilibrium represents market risk... Within 12 months, (the O/R) index should reach equilibrium... There is a need for an additional 5.6% drop in housing prices before equilibrium is reached in the Orange County Market.
The Kiplinger Report thought the drop would be 10% in 2009 saying, "Home prices have a ways more to drop before leveling … (1 comments)


Stacey Sloan

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