Wall Street Journal: Housing Crisis Over, Huh?
How about some bookmark love? ::
Cyril Moulle-Berteaux declares in the Wall Street Journal Opinion
the housing crisis over:
I'm going to spare the in-depth analysis already available at Calculated Risk
Interesting to note that this piece came out less than a week after another WSJ by June Fletcher article stating firmly that there is another year left in the housing market duldrums.
Fletcher's article has more well rounded statistical evidence. States that have higher rates of foreclosure now may clear the hurdle on the way to a stable market in a year's time.
We're not out of the woods yet, but maybe we just found the path to the next market.
the housing crisis over:
I'm going to spare the in-depth analysis already available at Calculated Risk
Interesting to note that this piece came out less than a week after another WSJ by June Fletcher article stating firmly that there is another year left in the housing market duldrums.
Fletcher's article has more well rounded statistical evidence. States that have higher rates of foreclosure now may clear the hurdle on the way to a stable market in a year's time.
We're not out of the woods yet, but maybe we just found the path to the next market.
Seems like the cycle of newspaper headlines has sped up even faster than the market cycles. Today, Market has peaked, tomororow, market crashed. Pretty soon they will alternate the headlines every time you load the page.
Posted by
Milan Cole - Portland Real Estate |
2:16 PM
I think the media needs more news.
The bubble is old news. They want something new to write about.
The challenge with saying the bubble is over, is that it is good news. And as we know, good news never sells.
Michael Durden
Professional Property Scout
http://nacreps.org
Posted by
Michael Durden |
9:57 AM