The housing crisis is over
June 11th, 2008, posted by Brandon
You’ll have to look deep into the belly of the Wall Street Journal’s online archive to find this article but this might be the start of the press believing the housing crisis is over. http://online.wsj.com/article/SB121003604494869449.html
Market trends are driven partially by psychology, and when we think the crisis is over, it will be. This article cites some interesting statistics that are hard to argue with. Written in early May it didn’t take into account the trickle down effect of high oil prices. When the fear leaves the market, the buyers will return.