I was on NPR this weekend discussing Housing prices, along with professor Karl Case. This was set up as a bull bear debate between Professor Case and me, but if you listen to both radio broadcasts, you’ll hear we are saying rather similar things:
What I said was you can always “buy a desirable property at the right price” and the “worst of the housing drop is behind us.”
Professor Case makes the opposite argument, but says he makes it “without a great deal of conviction” and worries about “record high vacancy rate” and a “lack of household formation.”
We are really not in very big disagreement, at least when it comes to national home prices.
NPR did this in 3 parts — the flash takes forever to load, so I embedded the audio here.
Housing Forecast Remains Cloudy
by All Things Considered Staff
NPR, September 11, 2010