Where is the Bottom in Housing?

[ocorbust_IHB]

I apologize if this has already been posted. But take a look at the attached link for good/interesting analysis from John Mauldin's Thoughts from the Frontline

http://www.frontlinethoughts.com/pdf/mwo032808.pdf

 

[southoctracker_IHB]

Worthwhile reading, thanks for posting. I found it interesting that he mentions that things could be changing if inventory falls below 6 months of inventory. Steve Thomas says it's 6.77 months right now.