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Posts Tagged ‘consumer demand for housing’

Morgan Stanley Remains Bearish on Housing

Posted by Larry Doyle on January 13th, 2010 1:20 PM |

The equity markets can and will do whatever they want, but when I look at the economy I remain steadfastly fixed on our housing and labor situation. When these cornerstones of our economic landscape not only stabilize but show marked improvements I will become more constructive on our overall outlook. Are we there yet? No way.

Thanks to a loyal Sense on Cents supporter, I am happy to provide Morgan Stanley’s U.S. Housing Outlook for 2010. What are the key points to this report?

1.  Housing transactions have increased and prices have stabilized due to massive government supports.

2.  The bottoming process continues and the trend for housing remains down given the high percentages of homeowners with negative equity, the high rate of unemployment, the lack of a viable Jumbo mortgage market,  and increasing rates of mortgage delinquencies. (more…)

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