Good News In the Housing Market

Steve Verdon · Wednesday, December 27, 2006 · 2 Comments

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.

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About Steve Verdon
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.

Comments

Shaun Kenney | Politics and Religion in Virginia's Public Square says:

Thursday, December 28, 2006 at 15:17

The housing market seems to have hit bottom, which is great news for anyone who is thinking about buying a home in the next three months. By springtime, we’ll be back to the same frentic pace we were two years ago. Why? Because the demand for housing is going up, rental costs are increasing,

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http://www.elephantsordonkeys.com says:

Wednesday, December 27, 2006 at 21:23

Original Article syndicated via RSS from Outside The Beltway | OTB

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yetanotherjohn says:

Thursday, December 28, 2006 at 16:14

Seems to me some of the commenters (along with a fellow named Greenspan) saw that the worst was over a couple of months ago.

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Mensa Barbie Welcomes You says:

Thursday, December 28, 2006 at 16:49

U.S. Dollar: Turbulence or Calm “Shared”…

Interesting articles today: Cees Bruggeman’s Five scenarios for 2007, one outcome re: the US Dollar decline assessment, effects of Globalization, and Steve Verdon points us to good news on the housing market….

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