Thursday, May 28, 2009

Mint Hill Housing Crisis


In today's Wall Street Journal, Cyril Moulle-Berteaux writes that he believes that we may be coming out of the housing crisis soon. Heend out of the housing crisis. He makes case that the argument that prices may well have fallen enough and new home inventories are starting to fall indicating that the worst is over.
It is encouraging to see conservative business media like the Wall Street Journal start to provide analysis that is somewhat positive.
I would hasten to add that the op-ed piece is a) opinion (albeit opinion from a respected financial guru) and b) all real estate is local and Mr. Mouille-Berteaux's analysis has a National bias. Still, if this is a sign of things to come, I'm encouraged.

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