U.S. Housing Market Stabilises, But Don't Expect an Rip-Rooaring Rebound

Almost four months ago, I made one of the most dramatic shifts in my investment outlook ever. After warning — in advance — that we would experience a devastating housing and mortgage market crash … and after repeatedly refuting all the early — and wrong — bottom callers during the four-year collapse, I wrote the following in my Money and Markets column four months ago:

“It’s time to signal another important shift in my thoughts on the housing market. Namely, that the nexus of the real estate downturn is shifting and that the residential market is poised to stabilize in the coming quarters...”

Market Oracle: U.S. Housing Market Stabilises, But Don't Expect an Rip-Rooaring Rebound