P: 479-363-6171 | 105B W. Van Buren Eureka Springs, AR 72632

The end in sight?

So says a Merrill Lynch economist:

. . .In other words, builders have managed to pull the growth rate of new housing supply below the prevailing growth in new demand. So, we can now say with a reasonably high level of comfort that we are hopefully entering a new and final chapter of this unprecedented decline in residential real estate prices.

But make no mistake – it is going to be a very long chapter. . .

Rosenberg has been a bear for some time. A friend of mine who works there told me Rosenberg’s negativity was not popular in years past. Now he’s the guiding light.

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