This is the second time I’ve read someone estimating that we won’t see a U.S. housing turnaround until 2009. That’s a long way out!
Fortunately, Phoenix should turnaround before most U.S. markets because of our super heavy in migration.
Countrywide CEO: No housing recovery till 2009
Older post: Praying for a ’short sale’
Newer post: Whoops! Another 2009 turnaround estimate
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