Real Estate 11 Dec 2006 07:57 pm

Housing Market Bottom: Not So Fast Says Analyst

by Sean Hackbarth

Barry Ritholtz, Chief Market Strategist for Ritholtz Research, isn’t convinced the housing market is anywhere near a bottom. He calls the National Association of Realtors’ assessment “wishful thinking.” Ritholtz’s biggest concern is all that inventory. He writes, “A significant decrease in inventory, plus motivated sellers, would go a long way to seeing a bottom form.”

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