Yesterday (May 6, 2008), the Wall Street Journal ran an opinion piece entited "The Housing Crisis Is Over" --- as you can imagine, I was a bit surprised to see the headline when a client forwarded it to me.

The first paragraph of the article sums up the writer's perspective:

"The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now."

The article goes on to make some very interesting observations based on housing market data and historical comparisons.  It's worth a read!

Blogger's note:  You might be thinking, why does Scott only highlight positive news articles about the housing market?  (such as this one, yesterday)  Quite frankly --- I don't think you need any help finding any negative news articles about the housing market --- they are rather overwhelming in quantity in the print media, on television, on the web, etc.