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  • A Flurry Of Mixed Housing Stats [Housing Tracker] [View article]
    Hi Judy,

    Great research, thanks for your efforts!

    Ran across a report from the Wachovia Economics Group regarding housing statistics and their take on the current situation. It's available through wachovia.economics@wac...

    Their opinion is that although the bottom is in sight, a recovery depends on mortgage availability and affordability, which are primary to getting the industry off its back. (Funny, that's the same thing I've been saying too. And I'm not a formally trained economist [nor do I sport the income of one, but that's another story altogether].) The group sees some encouragement in the most recent statistics, but also cautions that meaningful recovery may take years. From now. Which would put it out until 2010 or 2011 in the worst-hit markets (FL, CA, NV, AZ).
    Aug 28 10:33 am |Rating: 0 0
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