That's One Awfully Clear Crystal BallSmart Money magazine is running a piece ("Fishing for Housing Bargains") that profiles six housing markets nationally that now appear to be attractively priced.
To support that claim, the article purports to calculate the "risk of price decline."
The risk ranges from 3.1% for Omaha, to 25.4% for San Antonio; according to the author(s), the risk of a price decline in Pittsburgh (pictured above) is 12.0%
All six markets may indeed be good values.
But the idea that Smart Money (or anyone else) can precisely calculate the downside risk -- to .1%, no less -- is a hoot.
Save the $4 cost of the magazine -- and the 10 minutes it'll take you to read the article.
P.S.: As I like to tell my clients who ask for market projections: 'if you tell me what interest rates, unemployment, GDP, and housing inventory are going to be . . . I'll give you a reliable local housing forecast.'
Posts
1 comment:
I recently came across your blog and have been learning along. I thought I would leave my first comment. I don’t know what to
say except that I have loved reading. Nice blog. I will keep visiting this blog very frequently.
studio apartments in noida
paras apartments sec-137 noida
paras apartments sector-137 noida
Post a Comment