Shilling: Housing Market Could Fall Another 20 Percent

when it gets down to eye level of a gnat....tat will be when it stops...

Simply math, in the 70's I bought realestate taht was inflating in prices by 12% to 15 %, using borrowed money at 6%, it happened again in the late 80's and 90's, but now real estate is dropping 15% to 20% annually, and it still takes 6% to borrow the funds, so how do you make money, who will lend it to you, and why would you borrow the money??

at least Henry and Aaron aren't fighting, talking over each other. Too bad we have too many new cars, and new houses on the market.

OIL TO 30!!

The more it fall the better the more we see the bottom.....That means good buying opportunity for majority who want to bue a huse at a reasonable price..Cheap and Low interest on mortfages whcih means low monthly repayemnt........Buying opportunity for najority who had a good credit........Mr. Shilling that situation is nothing to fear.....Your story already factor in the economy......Buy .........Do you have your own house now is the time to buy Mr. Shilling...My son are preparing now to buy at affordable price with good mortgages term and condition..........Your story is an old one....Nothing new nothing surprise......O Adivice you to buy.....

Inventory will continue to rise, it's going to take YEARS to clear this supply. Welcome to THE GREAT RECESSION. Houseing is not Problem #1... EMPLOYMENT IS! Fix employment and you'll fix housing... Drop rates as low as you want, who can qualify? Unemployed people can't.

Isn't this Shilling guy the same idiot who recommended few weeks back that US should allow more immigrants to revamp the housing market. What a bunch of losers this show host are to bring back this idiot. Along with the market and economic collapse, the quality of Journalism and the Experts have gone down to the lowest level. GET THIS IDIOT OUT OF HERE.

Does anybody else wonder why Johnny Ike's avatar is that of a woman? I don't know any women named Johnny. What, as they say in some areas, is up with that?

Bad time is pass. Time now look forward to coming recovery and new prosperity. Soon will come. Soon stimulus take effect…2009 year of stimulus and recovery and bull market. Year of bailout and TARP and more credit and…GOOD FOR BUSINESS…MORE PROFIT…MORE JOBS…MORE SPENDING…GOOD FOR BUSINESS…GOOD FOR STOCK MARKET GOOD FOR ECONOMY…SOON WILL COME BONE-ANZA…BONE-ANZA…BONE-ANZA!!! BUY…BUY…BUY…Happy prosperity!

If you bought multiple properties with the "buy-it and flip-it" mentality then you are equally to blame for running prices up to artifically inflated level. This, along with brokers who had little to no oversight, qualified people for sub-prime or adjustable-rate mortgages they couldn't afford. And everyone thought that prices would continue to go up and the party would go on forever. So now, we have the morning-after hangover; people are upside-down in their mortgages and the values are still falling! To get out of this mess, the government needs to step in and reestablish the true value of home prices by reappraising the value of the land and determining the replacement cost per square foot of the dwelling. Then writing a new mortgage.

It needed to go down 40-45% and another 20% will do it-----we need to take the medicine and go to bed for a few day! This will do the trick.

The housing market is "bottoming"... What part of buying for 20-30 cents on the dollar do you not understand! Make a fortune, rent them out, and wait (yes 5- 10 years - not tomorrow, you impatient people) to make a fortune.. -RE PHD...

The real problem is that you can lower mortgage rates down to 0%, but it's difficult to quality if you don't have a job like someone said earlier. Also, although Fed Funds and 10 year Treasury rates have dropped significantly, these lower rates are not following through to the consumer. Also, some people owe more than their houses are worth and can't refinance then. In addition, there are many option ARM's resetting soon, which are more potential foreclosures waiting to happen. Housing bottom in late 2012 says dano.

Yeah, that is strange Johnny Ike has a female avatar but the fact that he gives some of the worst advise is what is really odd.

Why bother. ALL of our jobs have gone to China. I am currently looking for housing in China. Adios USA

Housing, employment, banks and automakers failures are not the problems. They are symptoms. The problem is consumer. Actually, it’s absence of real consumer. The key word is real. Games of last three decades were creating artificial consumer sacrificing fundamentals like saving and debt control. People are in debt over their heads and without savings. How do you expect them to be consumers? The big idea to put Indians and Chinese into consuming rat race did not work. An attempt to make American goods consumers of Europeans has been quickly opposed by EU through lowering of rates. Nobody invented anything new to fill people with money to make consumers of them. The old methods are exhausted, and as they take their toll for abuse, the “new’ ideas just intensify the abuse. Crashing government, municipal and personal debt will wipe out more consumers. Stimulus will make a little bump on the road, but will intensify the government debt problems. The question is – “what then”?

yeah yeah yeah...Wall St, Harvard graduate CEOs, politicians, analysts, etc..did not see it coming and now the experts are coming out of the woodworks for predictions..folks...do your own math/homework ...small investors-this year is your great start to beat the big guys...ride the roller coaster and scream-enjoy!

What then?

I know how to fix them. let the prices drop naturally and get the government and every other agency out of the way. Did anyone complain when gas went from 140's-30 bucks. It was not sustainable at 140 and houses aren't sustainable at the current levels which is why they are being forclosed on. They should raise rates and let them drop, and people that can't afford them can rent a place. That is all a "homeowner" in America is anyhow. A glorified renter.

Yeah, Max here below is absolutely right! Except for a few "all time pessimists" no one really saw this crisis coming. So, don't expect any of those so-called "experts" to tell you exactly when it is going to be over. If you have a secure job and a good offer for a home that you really like to own, don't procrastinate your decision to buy ... Just go for it!