Pretty pictures tell a dark story about housing

Based on the Case-Shiller national index, which omits apartments, T2 Partners says housing prices will level off at 40% from the peak, another 5-10% from the end of the first quarter this year.  “It’s almost certain that prices will reach these levels,” the investment advisory firm predicts.T2_Partners_presentation_on_the_mortgage_crisis

T2 Partners makes these additional points: Continue reading