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August 13, 2008 at 8:40 AM #256399
hipmatt
Participant

related commentary in the media with video..
A Bottom in Housing? You’ve Got to Be Kidding
http://finance.yahoo.com/tech-ticker/article/47438/A-Bottom-in-Housing-You%27ve-Got-to-Be-Kidding?tickers=
Many forecasters say just wait until early 2009 and home prices finally will start to pick up.

Not so fast says my guest Barry Ritholtz, CEO of Fusion IQ and financial blogger for The Big Picture.

Home prices rocketed well above trend in the past five years, says Ritholtz, and have only just begun to deflate to more normal levels. The housing market will either drop about 25 percent dramatically, or peter out for a decade.

So which is it? Ritholtz thinks somewhere in between.