THE BEAR CASE ON HOUSING JUST ISN’T WHAT IT USED TO BE. SOMEONE SHOULD TELL THE BEARS.

Barry Ritholtz dismisses talk the housing market could be stabilizing, but without mentioning that a) household formation has now been running well below

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Barry Ritholtz dismisses talk the housing market could be stabilizing, but without mentioning that a) household formation has now been running well below trend for the past four years, but will not be denied forever, and b) in many markets home prices have fallen so low that investors can now buy properties and profitably rent them, and have become a major part of the market. Those are two puzzling omissions. . . .