Here’s a good article that asserts we may well have hit the housing-market bottom in the U.S.
Let’s hope it’s true, for we’ve heard this prediction before in the past. Somebody has been predicting the “bottom” almost every week since 2009.
But sooner or later, they have to get it right. And the most recent numbers are encouraging, i.e. new housing starts and building permits are up, though they’re not exactly “wow’ statistics.
File under: Dubious Encouraging
