Housing Bottom A Long Way Off
Here is a snippet of Ed Steer's (Casey Research) commentary on the following housing market chart.

"With this kind of overhang, the entire U.S. real estate market will be dead in the water for many, many years to come. Back in early 2007 I mentioned that I would talk about the bottom of the real estate market in 2013. Well, we're barely into the 2012 year...and I can say without fear of contradiction that this forecast I made five years ago is out by at least five years, so let's revisit this issue in 2018."



Click Chart To Enlarge