Professor Robert Shiller (namesake of the Case-Shiller Index) notes that home prices have not reached their bottoms. Click on the link above for a video of Henry Blodgett's discussion with Dr. Shiller, but the graph below is scary enough for me.
Because the data is at the national level, I am left wondering if this means for us in South Florida. Did the rest of the nation's housing stock stay high, while ours dropped? Is this a case where the predicted 50% drop will come from areas other than South Florida, Southern California, etc.?
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