JPMorgan Chase's Housing Outlook

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%)