Case is a guy I respect so I listened to his entire interview. I agree with him that the housing market is normal with four exceptions that he pointed out, Florida, Arizona, Nevada and California. He also said California “was an entirely different kettle of fish.”

As he said, in those four places, people are going to get hurt, but other than those four places, the other 46 states will be fine. Of course he had one caveat, if the recession deepens, this may change.

So what do think of what Case thinks? He’s right, if you want to buy a house in Texas or Iowa or Colorado, the worst in behind you, the housing starts are low and the inventory will be worked off.

Case is a guy I respect so I listened to his entire interview. I agree with him that the housing market is normal with four exceptions that he pointed out, Florida, Arizona, Nevada and California. He also said California “was an entirely different kettle of fish.”

As he said, in those four places, people are going to get hurt, but other than those four places, the other 46 states will be fine. Of course he had one caveat, if the recession deepens, this may change.

So what do think of what Case thinks? He’s right, if you want to buy a house in Texas or Iowa or Colorado, the worst in behind you, the housing starts are low and the inventory will be worked off.

Case is a guy I respect so I listened to his entire interview. I agree with him that the housing market is normal with four exceptions that he pointed out, Florida, Arizona, Nevada and California. He also said California “was an entirely different kettle of fish.”

As he said, in those four places, people are going to get hurt, but other than those four places, the other 46 states will be fine. Of course he had one caveat, if the recession deepens, this may change.

So what do think of what Case thinks? He’s right, if you want to buy a house in Texas or Iowa or Colorado, the worst in behind you, the housing starts are low and the inventory will be worked off.

I don’t know about that….I was just back in the Chicago area this month for a few weeks and all I saw was for sale signs everywhere…
I’ve never seen it like that with that much inventory in the nice suburban areas. I think it’s just to general to state that housing will be normal across the board except in the real bubbly states…it really depends on supply/demand in each micro area!

I don’t know about that….I was just back in the Chicago area this month for a few weeks and all I saw was for sale signs everywhere…
I’ve never seen it like that with that much inventory in the nice suburban areas. I think it’s just to general to state that housing will be normal across the board except in the real bubbly states…it really depends on supply/demand in each micro area!

You may be right Cash, but I have to give Case a little benefit of the doubt. I think he is looking at greater metro markets as opposed to micro markets. He is also studying data as opposed to your field visit, so you have a slight advantage in that specific micromarket. He and Schiller have always been fundamentalists, they look a the fundamentals of income and price. Roubini and Schiff have had much more dramatic views but Case/Schiller are a little more moderate yet they called the bubble and have spent their careers tracking it in broad terms.

The point of my support and comment was that karl may see normalcy but he doesn’t see it where we live,so the headline is misleading. If someone thinks things will be fine unless you live in California, then what should we Californians take from that…..that we are not fine, were heading there in a handbasket, that’s what i took from his interview.

You may be right Cash, but I have to give Case a little benefit of the doubt. I think he is looking at greater metro markets as opposed to micro markets. He is also studying data as opposed to your field visit, so you have a slight advantage in that specific micromarket. He and Schiller have always been fundamentalists, they look a the fundamentals of income and price. Roubini and Schiff have had much more dramatic views but Case/Schiller are a little more moderate yet they called the bubble and have spent their careers tracking it in broad terms.

The point of my support and comment was that karl may see normalcy but he doesn’t see it where we live,so the headline is misleading. If someone thinks things will be fine unless you live in California, then what should we Californians take from that…..that we are not fine, were heading there in a handbasket, that’s what i took from his interview.