National House Pricing Model Shows Prices Bottoming in Mid-2009

The Case-Schiller model measures the residential housing market in 20 metropolitan regions across the United States using repeat sales of houses to measure market strength. Moodys.com and Fiserv Lending Solutions have used the Case-Schiller data to create two interesting scenarios for national housing prices. One shows that house prices will hit bottom and begin to climb again in mid-2009 under the most likely economic scenario. A more pessimistic scenario shows the turnaround delayed until 2010 if there is a severe recession or other economic shocks.

You can see the chart here. Remember, this is not reflective of Houston where prices have not suffered like many other locations.

http://www.economy.com/home/products/case_shiller_indexes.asp