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Near a Bottom in Housing? Probably Not. November 10, 2006

Posted by Unreasonable in Matters Financial.

I don’t think we’re close to the bottom of the housing correction yet. This article explains why better than I could:

Paul Kasriel via Investor’s Insight

I’m still trying to figure out how to recognize the bottom. Maybe when annual housing starts drop below 1,000,000:

Housing Starts

…or maybe when Robert Toll starts buying stock in his own company again. If you’ve got a good housing buy signal, let me know.

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