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The housing market is finally bottoming – Here’s how to play it

Posted on 04 October 2011

The housing market remains a drag on the economy, but there are indications that it is finally starting to bottom. Prices have stopped declining, and there is even some sign of life in sales.
Not all the news is good, of course. New home sales dropped still further in August from July, falling to a pathetic 295,000 annual rate compared to the 1 million-plus in the good years. And housing starts fell to an annual level of 571,000 from 601,000 in July - that’s 12% below their August 2010 level……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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