Marketwatch makes the case for why we won’t see a rebound to pre-recession housing numbers, but it might not be a bad thing.
That’s because that “peak housing” call last year now seems to have been proven. Several weeks after it was published, combined sales of new and existing homes dipped below 6 million for the first time in two years. And in the nine months that have passed since then, total sales have only topped 6 million once.
And, as MarketWatch noted last year, a “top” for housing need not be scary. If sales simply move sideways from here, it will mean some more Americans are achieving home ownership, builders are selling some of their products, and economists and analysts have plenty to say about it all.
