mrresponsible

Housing Data: A View From the Bottom of the Cliff

I find your article realistic. And the fact that you do not have any positions in the housing market makes you even more credible.
And, I do believe that uncertainty is the next sequential step in the progress from bad news to good news. I would say we are in an uncertain market at this point in time.

It is likely that by the time the housing glut is diminished, the markets would have already gone up as we are already seeing. The IMF defines our economy as in a sychronized recession with at least 10 (including the U.S.) of the major economies of the world together in a recession. Their research shows that it will be a very difficult recession and the recovery will be weak - one can easily imagine U.S. housing modeling that theory.