3.5 million homes that should be foreclosed on and aren't even in the pipeline yet (that's another entire year of supply). Yep, sounds like a bottom to the housing market is here...NOT!
For sometime now, Kirk Nace has been sharing that the US Housing market will not hit a bottom before 4Q 2015. Looks like he has been wrong, as it won't occur until at least the second half of 2016.
Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/44529477
