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Wednesday, May 30, 2012
Second Housing Collapse Imminent, Warns Analyst
A second, much more severe collapse in real estate prices may be imminent and may blast major metropolitan areas including the New York tri-state region, according to noted real estate analyst Keith Jurow.
Jurow has bucked conventional wisdom in writing for the past few years that the steep drop in housing prices was not over by any measure.
I will emphasize that unlike most commentators and real estate experts -- of whom many have undisclosed conflicts with the industry -- Jurow has uncovered facts to support his prediction. The current optimistic real estate commentators have few facts supporting their predictions of a price recovery; in fact, they appear to often ignore both the available facts and basic common sense.
Keith Jurow will present additional facts supporting his hypothesis at an upcoming, invitation-only event hosted by the Financial Policy Council in New York City on Monday evening, June 11th. For access to this event, contact Eric Dixon at firstname.lastname@example.org.