A down to earth look at real estate issues in
Northern New Jersey with an environmental twist.
Sunday, November 25, 2007
Over Priced or Under Valued?
According to Market Analyst, Barry Ritholtz, housing prices have to fall 25% or stay flat for 5 years for homes to be fairly valued. That is assuming, of course, incomes continue to grow at the current pace, no sure thing given a possible recession lurking in the near future.