Econintersect: Two who have contributed to Global Economic Intersection appeared on the same Bloomberg TV interview segment last Friday (25 January 2013). Keith Jurow, author of the Minyanville Housing Market Report and the soon to be announced Wealth Preservation Report, presented a negative view of the housing market. Susan Wachter, professor at the Wharton School of Business, University of Pennsylvania, said she believed that the bottom was reached last year.
Video can viewed at the end of this article.
Jurow argued that the continuing data on mortgage delinquencies and foreclosure delays is a clear indication that the final bottom in the residential real estate market has yet to be reached. Wachter said that a variety of factors are creating a virtuous cycle that will keep the housing market improvements of the past year moving ahead.
Watch the video segment from "The Bottom Line" on which the two appeared:
- U.S. Housing in Fragile Recovery, Wachter Says (Bloomberg TV)
- Keith Jurow to Appear on Bloomberg TV (GEI News, 23 January 2013)