KB Home reports a huge loss and Countrywide fights off bankruptcy rumors. Looks like the U.S. housing sector is in for another tough year
Deutsche Bank (DB) economist Peter Hooper describes it as a "Slow Motion Train Wreck"
What it really means to a consumer is that there is going to be opportunity to obtain a home for super prices in 2008. All ends of the housing sector should see action as investors and buyers are waiting on the sidelines with money in hand just "jonesing" for a shot at great properties. What do you Active Rainers Think?
