29.03.2011 - Housing will recover. But when?
What passes for optimism on the housing market these days is a pale reflection of the glory days of five years ago. “Housing is dead,” writes MarketWatch’s Rex Nutting. “There is no doubt about that. Housing is as dead as a door nail.” The good news, such as it is, is that “housing is just too small to do any real damage to the economy any more,” he adds. Perhaps, but housing’s not likely to help any time soon either. Even after five years of a nonstop housing recession, there’s little confidence that the sector is poised for a rebound. And after last week’s dismal news on sales of new single-family homes last month, some analysts wonder if a new round of trouble is coming for residential real estate...........................................Full Article: Source
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