Every so often, I read a blog that I feel needs to receive as much traffic as I can possibly send it. If you have never had the opportunity to read the Calculated Risk Blog, I highly recommend it as a daily read (or more often).
The folks at Calculated Risk wrote an article today titled “The Adjustment Process.” The reason that this blog is so good is that it is written by a self-professed purveyor of “Gloom and Doom,” and yet today he has given some signs for renewed strength and optimism in the housing market.
- Housing Starts have collapsed by more than 1/2 since 2005
- New home sales have followed suit
- Price to Income levels have dropped to near “pre-boom” levels
- Major decline in the Mortgage Equity Withdrawal
- Significant reduction in the trade deficit as a percent of GDP
Please check out Calculated Risk and consider adding it to your RSS Feed Reader. The bloggers will keep you busy reading great content with 300 articles or more per month. They also have a great newsletter you can check out.
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Thank you Joe for the good read recommendation.
There are starting to pop some signs that the buying period should start. I hold the stand that assets should be bought when their price is low.