Today's Wall Street Journal says so,
The Housing Crisis Is Over, so it must be so.
"The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now".
Although there's scant evidence to support it, either in this article or elsewhere, I'm glad we've finally got that cleared up - The Housing Crisis is Over.
We were going to pull out of this sometime, so we might as well get it over with now.
As you might expect, everyone's going to jump on this news as if it were the Holy Grail.
And despite the fact that the article doesn't refer to a particular city, or area, or part of the country where the 'Housing crisis is over', and by the way, whatever happened to 'all real estate is local', it instead seems to predict that as of today the national housing market is on the mend.
How can that be. Is Tucson going to climb back to a normal market in lock-step with Miami, Vegas and Sacramento.
Is the Los Angeles market going to suddenly fall in line so that it's in sync with Salt Lake and Seattle.
Or could this be the national media sensing the need for a change of tune, to keep their almighty drums beating loudly.
Check out your local market, and see if you see signs that the housing crisis is over.
I hope it is.
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