Is the housing crisis bottoming out?
Bob Morris @ May 8th 2008 15:37 - Category: Credit crisis
The WSJ thinks so. Calculated Risk isn’t so sure.
It does appear that prices in hard-hit areas have dropped enough that long-term investors and vultures are starting to buy. So, that might imply a bottom is forming. We shall see.
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Ten Bears on 08 May 2008 at 6:42 pm #
2012
DJ on 09 May 2008 at 7:22 am #
How do you define a housing crisis? Here in Southern Utah, home prices have dropped (from their obscene highs) but volume is up.