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The Housing Problem in Three Pictures

SeekingAlpha |

In Brief...

My outlook for housing remains largely unchanged in recent months. Earlier this year I said the housing market was likely to come under renewed pressures in the second half of 2010 as government intervention ended and the market was allowed to begin clearing: Government stimulus continues to bolster the private sector in the back half of 2010, but the lack of direct aid in housing begins to weigh on the housing market in the second half of 2010. Negative seasonal trends make for a very difficult H2 in housing and a tough start in 2011. The problems in housing remain entirely intact and as I've repeatedly stated over the course of the housing crisis it remains a problem of supply and demand..

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