JPMorgan Chase's Housing Outlook

September 26, 2008 RSS Feed Print
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As part of the investor presentation released in conjunction with its deal to acquire the majority of Washington Mutual's banking operations, JPMorgan Chase provided the following three-scenario outlook for home prices going forward.

From JPMorgan Chase, via Calculated Risk:

Home lending loss sensitivities

  Current Estimates Deeper Recession Severe Recession
Current to trough [Home Price Appreciation]
California (10%) (14%) (24%)
Florida (16) (21) (36)
US (8) (11) (20)
       
Peak to trough [Home Price Appreciation]
California (44%) (48%) (58%)
Florida (44) (49) (64)
US (25) (28) (37)
       
Unemployment      
  (7.0%) (7.5%) (8.0%)

Tags:
JPMorgan Chase,
Washington Mutual,
housing,
banking

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