Wednesday, April 25, 2007
Considered view from a considered writer
The story is a few posts down, so search for "Real Estate Disconnect": "As homebuilders' stocks rise--"the worst is over" yet again--and as inventory of unsold houses piles up, we are witnesses to a grand disconnect of hope/perception from reality. It is merely an observation, not a value judgment, that reality eventually overwhelms perception." An interesting read, quoting several sources. Also relevant is the "Media Disconnect" post.