Real Estate Investment:No BS Gary Shilling Housing Report
Article Summary:
Article Content:
Something you may not have heard… the housing market may still be dropping. While surfing some of the oh-so-intelligent websites I read everyday, I stumbled upon an interview with Gary Shilling (who owns A. Gary Shilling & Co. research firm) and it’s quite interesting.
His thoughts on housing are this; there are too many properties, three years worth according to him, for the market to stabilize. According to Gary we’re looking at another few years of excess inventory and a further drop in home prices. The reason I might actually agree with him?… being a HUD home listing broker I’m on the front lines of selling foreclosures and the amount of homes we get hasn’t slowed in the least.
Check out the video below and let me know what you think.
http://bit.ly/cmUX8L
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