The Wall St. Journal May 2008: “The Housing Crisis is Over…”

housing-crisis-is-over-wall-street-journal-article.pdf

Attached is a great Wall Street Journal article regarding the movement of real estate nationwide…

In short, according to the journal:
“April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.”

Please read below to see the beginning of the article, and if you are interested in reading it in full click on the attachment.

The Wall Street Journal
The Housing Crisis Is Over

By CYRIL MOULLE-BERTEAUX
May 6, 2008; Page A23

The dire headlines coming fast and furious in the financial and popular
press suggest that the housing crisis is intensifying. Yet it is very likely
that April 2008 will mark the bottom of the U.S. housing market. Yes,
the housing market is bottoming right now.

How can this be? For starters, a bottom does not mean that prices are
about to return to the heady days of 2005. That probably won’t happen
for another 15 years. It just means that the trend is no longer getting
worse, which is the critical factor…

Please click the attachment to read the article in full.

2 Replies to “The Wall St. Journal May 2008: “The Housing Crisis is Over…””

  1. The interesting thing is the high energy costs driving inflation may help the real estate industry start its next upward trend quicker.

    With inflation comes the potential of increased income. This quicker increase in incomes could make existing prices affordable quicker. Thus starting the next upward trend in sales and prices.

    I’m not saying this upward trend is in the next 12 months!, but it likely will not be 10 years like the last cycle.

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