Good News In the Housing Market
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Steve Verdon | Wednesday, December 27, 2006 |
Prof. James Hamilton does all the heavy lifting here, so read his post. Basically, the gist of Hamilton’s analysis –that the worst for home sales is over–seems to be holding up so far. And while this is good news there is still reason to be cautious. One potential problem is that there could still be a loss of construction employment in the housing sector and if that coincides with additional job losses with domestic automakers that wouldn’t be good for the economy.
About the Author: Steve has a B.A. in Economics from the University of California, Los Angeles and attended graduate school at The George Washington University, leaving school shortly before staring work on his dissertation when his first child was born. He works in the energy industry and prior to that worked at the Bureau of Labor Statistics in the Division of Price Index and Number Research.
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Comments
Seems to me some of the commenters (along with a fellow named Greenspan) saw that the worst was over a couple of months ago.
Posted by yetanotherjohn | December 28, 2006 | 04:14 pm | Permalink
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