Lousy Economy Pulling Rug Out From Under Housing

Heads up, folks! It’s time for a very important housing market update from the front lines. More than a year ago in these cyberpages, I told you that housing was stabilizing. All my indicators pointed to an improvement in conditions — less deadweight inventory on the market … increased sales rates … stabilization in pricing. Many housing and housing-related stocks ramped after that alert came out. Some even hit multi-month and multi-year highs! And staying short during that period would’ve killed your portfolio. But now? The times they are a-changing once again. The reason? The lousy economy is pulling the rug out from under housing! No Job = No House…