Has Housing Hit Bottom?

The market seems to think housing has hit bottom. Yahoo! Finance says “Stocks Higher on Hope for Housing Bottom”:

Wall Street Moves Higher As Investors Hope Housing Slump Might Be Nearing Bottom

NEW YORK (AP) — Wall Street advanced Monday on hopes that the worst housing slump in a quarter century might be nearing a bottom, a trend that could be the catalyst needed to revive the badly beaten financial sector.

I do think the worst part of the mortgage mess is behind us. However, is this the bottom? I don’t know.

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