If home price declines are indeed stabilizing that is good news for sellers. And as the foreclosed properties sell and are no longer impacting the market, the sooner we get back to normal (whatever that is).
Stocks of home builders rose Friday after JP Morgan Chase analyst Michael Rehaut said in a note to clients that business is better and home price declines are ending.Rehaut said that over the long term, “We believe the builders are significantly better positioned to gain share exiting this recession (than they were after the previous recession 20 years ago), given their large cash balances and capital advantage over private builders.”Source: The Associated Press (09/18/2009)
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