Housing may bottom this spring
by New Deal democrat
Housing may bottom this spring
Despite yesterday’s poor existing home sales report, which was the worst in over three years, the bottom in housing may be near.
This post is up at Seeking Alpha. As always, reading the post should be helpful to you, and renumerates me just a bit for my efforts.
Chinese debt expansion ain’t coming back bro. I think there is more downside. Clear they were goosing US debt markets. The corporate debt market is a mess and the debt is costing business due to the interest spike. Now sales are falling while wages rise putting future pressure on real profits pre-tax going foward. This lag is classic tale end business cycle phase.