rumblings of the housing beast

By klsh on February 28, 2005 2:58 PM | | TrackBacks (0)

MSN Money - Dress rehearsal for a dollar deluge
is 2005 the year when the housing market finally corrects?

Warts also have sprouted in various facets of consumer lending, such as Capital One (COF, news, msgs), New Century Financial (NEW, news, msgs), Countrywide Financial (CFC, news, msgs), and Novastar Financial (NFI, news, msgs). I expect the sector to see more trouble, which will disable the housing ATM as a vehicle for consumers to spend beyond their means.

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