Redfish Mark

The Dead Cat Returns to Earth

David, housing's turn will be market by market - fundamentals are so far off the mark in so many real estate markets that years will pass before sanity is restored. There are other real estate markets that are in pretty good shape today, attracting real estate investors hungry for sane values. The housing rescue legislation has more probability of prolonging real estate's pain than precipitating it's turn. The legislation may impact sentiment in the short haul, but it's ability to change housing fundamentals looks anemic.