Tuesday, January 16, 2007

U.S. Housing Market: Soft Landing

Although the U.S. economy has slowed down, in large part because of a continued weaker housing market, what now is that a soft landing seems more assured as lower energy prices have supported employment growth and consumption.

The correction in the U.S. housing market may be leveling off but it was still too early to make a judgment call.

Some people were of the view in November that the housing correction was going to be a big drop with no end in sight. Well, things don't seem that way now and we don't see a dramatic correction taking place.

In fact, the end of that correction may be in sight and everybody, including us, needs to keep an eye on this issue.


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