The Housing Recovery That Wasn’t
It’s four months shy of three years since I penned the post, “A Perfect Storm of Housing and Lending Events… the crash of the US housing market and economy. Since then, it’s been stimulus after stimulus spending… albeit all with different names to disguise the same. In the weeks following the Obama inaugural, economist Chris Low was saying the housing market hit bottom, and that 2009 was a year of stabilization and recovery.
It was not to be