May 08 2008
Has Central Oregon’s Housing Slump Reached a Bottom?
Although this current Wall Street Journal article does not address Oregon, many of these same market forces are also affecting us. And, many of these market forces point to the bottom of the housing slump. Here is an some excerpt:
“It is really remarkable how much where we are today looks like the bottom we’ve had in the last three cycles,” Mr. Case says. “Every time we’ve gone below a million starts, the market has cleared at that moment.”
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