tag:blogger.com,1999:blog-7707793736288462113.post7943132941184303474..comments2024-03-15T03:27:49.084-04:00Comments on Bubbles and Busts: Dr. Housing Bubble - What if housing doesn't recover for another decade?Anonymoushttp://www.blogger.com/profile/00720722626969395929noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7707793736288462113.post-63898205046543290722012-05-05T15:55:58.231-04:002012-05-05T15:55:58.231-04:00Obviously much of that decisions depends on each i...Obviously much of that decisions depends on each individual's current financial situation and location. That being said, my base case is still another 10-20% decline in national housing prices. As for interest/mortgage rates, I expect rates to remain at or near current levels for at least a couple years. Mortgage rates could decline as low as 3-3.5% in the next couple years. Given those expectations, I think a better opportunity will present itself in 2-3 years. <br /><br />The big caveat in these expectations is government policy. If policy changed to either write-down significant mortgage debt or provide far more stimulus, the timeline would certainly change.Anonymoushttps://www.blogger.com/profile/00720722626969395929noreply@blogger.comtag:blogger.com,1999:blog-7707793736288462113.post-79625584857011648552012-05-05T14:21:14.348-04:002012-05-05T14:21:14.348-04:00When will be a good time to buy a home?When will be a good time to buy a home?Anonymousnoreply@blogger.com