What I thought was most interesting about Robert Scoble’s interview with Spencer Rascoff was Rascoff’s comments that they believe, i.e. Zillow, we still had about another 7% to go on the downside yet for house prices in the U.S. He said we were down about 30% so far which is also what basically is stated from reports such as the Case-Shiller Index. Based on the data I’ve studied, I’ve also thought there was another 5-10% downside on home prices before we bottom. That said, it looks like we might finally start to see housing recover by 2013 or perhaps 2014.
Enjoy the interview!
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[...] Robert Scoble Talking Real Estate with Zillow CEO, Spencer Rascoff (johnmurphyreports.com) [...]