Monday, November 20, 2006

More Cracks In The Housing Market

This latest data is lagging, but ugly none-the-less:

But have no fear, your favorite economist more than likely thinks the worst is over for the housing bust (subscription required):

For reasons previously stated, I'm in the camp who believes housing won't bottom until 2008. Is there anyone who would seriously argue that economists as a group aren't a contrary indicator? LOL.

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