There is an old saying amongst technicians that goes:
“Bottom Fishing Can be Very Hazardous to your Wealth”
This is a theme we will always talk about on Allstarcharts. I think we need to keep this in mind regardless of what asset class we’re looking at. Calculated Risk does a great job of putting together several of the housing price indexes all in one chart. It looks to me like House Prices are still falling off a cliff.
The chart shows the quarterly Case-Shiller National Index (through Q4 2010), the monthly Case-Shiller Composite 20 (through January release) and CoreLogic House Price Indexes (through February release) in nominal terms (as reported).
You can read the rest of the article at Calculated Risk:
Case Shiller 100 year chart recently updated at the BigPicture
Never own a home again by James Altucher
10 reasons why real estate won’t recover for years at Seeking Alpha