Thursday, February 2, 2012

The housing market duality

With the backdrop of extreme weakness in the US housing market through the end of 2011, the trend of divergence between the distressed and the non-distressed housing markets continues.

Source: Capital Economics
CoreLogic's latest data show new lows for the US housing market in 2011 with a worrisome downward trend. The non-distressed market however seems to have stabilized. This market duality should continue through 2012 as new inventory of distressed homes enters the market. The hope is that ultimately the non-distressed component will provide support to the overall market.
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