by Calculated Risk on 1/27/2023 12:18:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Has Housing “Bottomed”?
Activity is still down sharply year-over-year (YoY), but the YoY decline is getting smaller.
And some upbeat comments on new home sales …
Way back in 2009, I pointed out that there are usually two bottoms for housing.
The first will be for new home sales, housing starts and residential investment. The second bottom will be for prices. Sometimes these bottoms can happen years apart.
The first bottom is for activity, and the second is for prices.
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