Housing outlook
From Seeking Alpha, Caleb Sevian comments on 2007 in a nutshell. Quick takes on stocks, interest rates and inflation, economic growth, currency, geopolitical and of course, of most interest here, housing.
Housing will finally stabilize due to persistently low interest rates which still make owning a house a better alternative than renting. Those who called for an all out crash will scratch their heads a lot and wonder why pessimists usually don’t make money in the markets. The bad news is that growth and write-offs of the big builders will continue to offer up plenty of disheartening news through out the year.
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