Housing Market Bottoming? In The NAR's Dreams

We think the latest home sales figures suggest that the housing market is showing the first signs of a bottoming process. Barry Ritholtz, meanwhile, thinks using the word “bottoming” in any housing market context is ridiculous (see video below):

 

See Also: Pending Home Sales Show Uptick In June–Another Early Sign of Bottoming

New Home Sales Actually Show Signs Of Recovery

Housing Still Getting Worse, But Case Shiller Shows Early Signs of Turn

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