Barclays analyst Stephen Kim argues that the bullish tale of the U.S. housing recovery is “more of a fairy tale,” Business Insider reports.
"At this point, it has become hard to overlook housing’s dismally slow pace of recovery," Kim wrote.
"And yet, over the past several months, we have become increasingly concerned about the way many analysts are portraying the industry’s current weakness as a strength," he adds. "To us, this seems perilously Pollyannish and a risky oversimplification."
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