I agree with former and mojo, this outfit is kinda weak, good for headlines and soundbites, but there’s not much that I find impressive about their research or predictions.
They cited this source “Prices are forecast to fall 41.7 percent from their peak, Deutsche Bank AG analysts led by Karen Weaver wrote in a June 15 report”
OK, that’s bold prediction since Rich just posted numerous charts where S.D. has exceeded that drop in median, ppsf, condos, sfr’s and most any other way you want to look at it. Maybe tomorrow, about 2 o’clock, after the temperature breaks 80 degrees, these guys can predict it be hotter than 70.
