Interpreting the Latest Housing News

By now you've heard the news about the February home sales being up (to the surprise of some experts). I came across a Bloomberg News video (link below) in which financial economist Brian Bethune is asked for his interpretation of the latest housing data. Among other things he believes the numbers suggest we may be approaching a bottoming out point in the market. When the turnaround does come he sees a U-shaped recovery rather than a V-shaped recovery. And he still thinks it'll be at least several more months before any kind of recovery occurs. I think the video will be worth your while to watch. One of the goals of the Sugar Pine Realty blog is to keep you updated on the state of the housing market with timely videos and links to articles and interviews.

Bloomberg Video: Bethune Interprets the latest Housing Data