Finding bottom on the housing slump
Dow Jones has a story about what "savvy investors" can look for to figure out whether the housing market is poised to improve. For instance, "financials stocks such as banks and lenders, as well as other housing sectors such as home builders, need to flatten and rebound."
"The sentiment is so negative," said Mark Vitner, senior economist at Wachovia Corp. (WB) . "The housing industry isn't going to get better until financial services improve, and there's just too many homes out there in inventory."
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