Case is a guy I respect so I listened to his entire interview. I agree with him that the housing market is normal with four exceptions that he pointed out, Florida, Arizona, Nevada and California. He also said California “was an entirely different kettle of fish.”
As he said, in those four places, people are going to get hurt, but other than those four places, the other 46 states will be fine. Of course he had one caveat, if the recession deepens, this may change.
So what do think of what Case thinks? He’s right, if you want to buy a house in Texas or Iowa or Colorado, the worst in behind you, the housing starts are low and the inventory will be worked off.
