Monday, September 25, 2006

Lereah "Housing Market Has Now Hit Bottom"

Responding to the August Existing Home Sales Number, David 'soft landing' Lereah, stated that "We've been anticipating a price correction and now it's here. The price drop has stopped the bleeding for housing sales. We think the housing market has now hit bottom.''

Think Again!

2 Comments:

At 1:18 PM, Blogger JasonCalacanis said...

just blogged about your blog at www.calacanis.com

 
At 5:24 PM, Blogger seamus said...

This is the bottom? The market only had to go down 1% to make up for 100% gains?

Awesome! I'm going to call Lereah and see if he wants to go in on a condo REIT with me. Since we're at the bottom, I'm sure he'll say yes.

 

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