Xyrus

Homeowner Equity at Post WWII Low

That would make sense analyst, but that isn't what Americans have done. Instead, they went on a massive spending binge from all the available cheap credit under the auspices that their homes would keep going up. It was at best, naive.

Houses, compared to wages, have been high priced for a while. Maybe this corrction will level that out a bit.

~X~