What Happens With Housing Prices?

There's lots of reasons to expect that housing prices could go lower, and maybe materially lower, over the next one to two years. Even those who were sitting on a lot of home equity can feel more fiscally conservative if their house is worth 20 % less than it was before. One thing we haven't talked about yet though, which will deftly also hit housing, is lay offs. If this recession that we're heading into is big enough to have material lay offs in it, will then ter point.