The Housing Crisis Is Over

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.

How can this be? For starters, most people forget that the current housing bust is nearly three years old. Secondly, a bottom does not mean that prices are about to return to the heady days of 2005. That probably won't happen for another 15 years. [crap]

It just means that the trend is no longer getting worse, which is the critical factor...

[offered as an alternate opinion to the 'we're still all doomed' MSM mantra. who knows]

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