Housing Market Bad But No Longer Worsening

Given the declines and illiquidity in the mortgage markets as well as expectations for rising defaults, conventional wisdom on the housing sector is that things are only going to get worse. Mere mention of homebuilding stocks or buying real estate as an investment is likely to draw rolls of the eyes if not outright ridicule.

However, a look at a number of the major indicators that track the housing sector shows that while things remain bad, the rate of decline appears to be slowing. Below we highlight the year-over-year changes in various housing indicators. Note that in each case, things are not as bad as they were a few months ago.

Comments

[fakuretardedwhoremama]

faktheirretardedwhorem... in the arce! what two idiots fak!

[NoFate]

Shiller rules ...you guys are fools!

[ak2]

apparently these guys read charts but aren't really in the business

[RJ]

Isn't your data a bit dated? Jan 07? I fear that "Is a Perfect Storm about to hit the housing market" is dead on. We have a LOT MORE foreclosures on the way.