Sunday, July 26, 2009

Housing Outlook - bottom not in yet - Bloomberg

Analysis and Discussion with Chris Mayer of Columbia Business School

1 Comments:

At 7/27/2009 8:58 PM, Anonymous jerry said...

He makes the point, which many of us have been saying for months--the bottom has not yet been reached. Foreclosures make up a large portion of homes sold, and the slight uptick in sales had to do with the previous 60 day rates, since now those homes are closing the deals. Un-underemployment will not reverse this trend, nor consumers trying to pay down debt instead of increasing to it, as well as saving some income.

 

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