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Scott Weitz » Comments » XHB
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Home Builders Appear Stable: The Worst Is Likely Over [View article]
In Vegas, perhaps the worst is over, but now they've got 10s of thousands of empty homes.
I live in Seattle. We are not even close to bottom yet.
On a whole, I estimate that there is still a significant more amount of pain to come as most high end neighbordhoods have not fallen, yet the income fundamentals are not strong enough to support the inflated prices.