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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (80263)6/17/2008 10:41:06 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
This is about both time and price.

Houses have to be historically affordable if not lower, and I see no chance of a bottom until 2012 or so. Some markets will differ. I expect Florida will bottom before California.

I do not think prices rebound sharply anywhere. Thus, no matter where, there is no rush. Inventories will play a key role.

Mish


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