Wall St. Journal: Housing Crisis is over
Friday, May 9th, 2008An article appeared on the wall street journal online, suggesting that the housing troubles are over. There’s some interesting analysis over there that shows why it is over. Another article appeared yesterday also on WSJ, that shows more charts suggesting that the housing problems are over. This one shows a chart showing that the housing market reached the same bottom from which the housing market bounced up every time. Basically, it applies a similar theory to the support and resistance ideas used in the stock market.
However, there’s a couple of things that tells me we might still go in the flat bottom till the end of 2009. First Fannie Mae just expected prices to further drop. The chart in the second WSJ shows the market bouncing up after a recession, and we’re not in a technical recession yet.
I will update the chart that I used to analyze my local market, and will share it on the weblog. I agree that we are in the market bottom, but I think this bottom will be little bit more flat than just April of 2008.
Technorati Tags: real, estate, market, bottom, bubble, burst, prices, homes, houses, wall street, fannie mae
