Two quick notes to end the week:
1. Deutsche Bank (DB) has an interesting note out on home prices in the U.S.
After an exhaustive analysis of 100 metropolitan areas around the country, the bank’s analysts say home prices will fall at least another 8.1%. Prices could drop as much as 25.7% from this point.
This is a wide range, a demonstration of how much uncertainty is floating over housing market at this point. Also, in contrast to those who say the problem is confined to just a few regions, Deutsche Bank thinks the weak housing market stretches across the country, with three-quarters of metropolitan areas expected to see prices fall.
2. If you read a lot of financial news, you might enjoy this Onion piece.