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Investing Specialists

Housing: The Bottom Is In

The main question now is not if, but how fast the housing market will improve.

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Economic news this week had its moments of drama, but it was otherwise basically sedate. The markets cheered at least a temporary resolution to the Greek debt crisis. Even more importantly, a reduction in Chinese bank reserve requirements showed that the Chinese government is willing to do whatever it takes to prevent its economy from slowing too much.

Otherwise, there wasn't a lot of economic news this week except a batch of housing data that showed continued improvement. I believe the bottom in the housing market is definitely in. The main question from here is the pace of that improvement, not if there will be a recovery at all.

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Robert Johnson, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.