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Our baseline forecast looks for a 10-30% house price decline and expects real residential investment to slow to around 12% next year, half of that recorded this year.
FORBES: Holiday Shoppers Won't Save "Worsening" Global Economy, Barclays Says
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Tully says to beware of "bubble" real estate markets, where the price of a house completely diverges from the fundamentals that determine the value of a home personal income and rental rates in a particular market.
NPR: Avoiding the Housing Market 'Dead Zone'
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So its nail biting time for people who really need to sell, and, you know, in this environment, the only real way to sell is to have a terrific house or lower the price.
NPR: Soft Housing Market Catches Some Between Homes
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That was when I bought my house, when there was a pullback in the price of real estate.
NPR: Financial Expert Examines Possibility of Recession
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The Sweetheart Deal: In this classic scenario, the bribe-payer conveys something of significant value to the recipient at a price far below its real value a car , a house, stock, a work of art or jewelry.
FORBES: Five Schemes for Creative Corruption
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If you find yourself at a real-estate open house and someone offers all cash, and you offer dramatically over the asking price, we will come after you.
WSJ: Jason Gay: Evil Can Only Wear Pinstripes