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Real Estate Recovery Debate
Wall Street Greek, Barron's and other popular media have had a lot to say lately in the real estate recovery debate. Recent interest was of course spawned by the weak existing and new home sales reports published for the month of August, and the coinciding stock market dip. Opinions have varied widely though... Barron's Alan Abelson noted a report by Amherst Securities Group in his article "Shadow Over Housing," published for the week of September 28. Abelson noted Amhersts forecast of an approximate 7 million "delinquency pipeline" that threatens to undermine recovery. Our own Michael Douville also discussed this "Phantom Inventory" in his article "Housing Challenges for 2009," but still views now an opportune time for the purchase of a home. The Greek was neither silent on the subject, when he analyzed the August reports in his article, "Existing Home Sales Puts Skids to Market."
This column, however, is for you to share your wise and valued opinion on the subject. So please let us know what you think about the timing and fervor of real estate recovery, if you see it at all. Do you agree with Mr. Douville, or do you fall in Amherst's camp, and why. Please tell us, and let's open the debate!
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