From the WSJ Real Time Economics: Fitch: Housing Prices Have 10% to Go Before Stabilizing
Tags: agent short sale training, how to list bank owned homes, how to list reos, real estate training, realtor coaching, realtor reo coaching, short sale + real estate“Fitch’s analysis shows that the 29% rise in prices realized between 2004 and 2006 … has been reversed. With prices returning to early 2004 levels, Fitch believes that most of the additional 10% decline … will occur over the next eighteen months. Fitch then expects declines thereafter to moderate.”
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I don’t believe anything that Fitch or any other rating agency says. They are NOT Credible and they are a big reason why our financial system has failed. With all of the money they made over the last 6 years, you would figure they would have better “models” that would actually rate properly. I was sick to my stomach when I was listening to the rating heads testify yesterday. I wasn’t amused with all the double talk. Howard “HD” DeRias- RE Broker- NJ