Jamie Dimon

The US housing market will hit bottom and turn upward within about a year (by March 2013).

“I believe we’re very close to the inflection point. People look at prices that are still coming down but all the other signs are flashing green,”

Said on

28 March 2012 · Remarks to CNBC at a veterans job fair in New York; no window given, "very close" read as about 12 months

Source

Improving Housing Market Driving Economy: Jamie Dimon · CNBC

Should come true

2013

How sure they sounded

I believe; very close

Categories

EconomyMarkets

Importance

3 of 5 · The end of the post-2006 housing bust mattered to the whole US economy.

Outcome

Accurate Happened 29 February 2012.

The S&P CoreLogic Case-Shiller US national home price index hit its post-bubble low in early 2012 (around February) and rose through 2012 and 2013, so the turn came within the window, as he said.

Evidence:

• https://fred.stlouisfed.org/series/CSUSHPINSA