CR Note: Obviously I'm also very positive on housing. And I'm positive on the overall economy too - and a key reason is, historically, housing is the best leading indicator for the economy. In the Business Insider interview late last year, I said: "I’m not a roaring bull, but looking forward, this is the best shape we’ve been in since ’97".Calculated Risk
Zelman: "Nirvana for housing"
Bill McBride
Housing and employment turning around, but private debt levels are still elevated historically even after considerable deleveraging. The lackluster economic performance with the historical level of interest rates for an extended period is concerning, especially since asset markets have been appreciating based on low rates rather than fundamentals. So my conclusion is, meh.
No comments:
Post a Comment