Economic Models for Home Prices

[profette_IHB]

The New York Times asked economists across the country to share the data they use to figure out how much houses in regional markets are overvalued, a calculation that approximates where the bottom may be. <a href="http://www.nytimes.com/2008/08/09/business/economy/09bargain.html?em">Linky</a>





<img src="http://graphics8.nytimes.com/images/2008/08/09/business/09bargain.graphic2.gif" alt="" />

 

[Anonymous_IHB]

I found it strange that that article made no mention of the Case-Schiller graphs



http://macromarkets.com/csi_housing/MSA/los_angeles.asp

 

[acpme_IHB]

the article is discussing forecast models. case-shiller is an index.

 

[freedomCM_IHB]

That Moody's model must place more emphasis on vacation home demand rather than wages in order to say that LA is only 9% overvalued!