Tuesday, October 20, 2009

Tilson: Housing Recovery a Costly Mirage

T2 Partners Whitney Tilson says the apparent housing recovery is only setting us up for worse things to come.

"The rebound has been stronger than we've anticipated," Tilson told Yahoo! News.

Yet he remains "confident this is the mother of all head fakes."

Tilson attributes the housing upturn of the past few months to low interest rates, first-time homebuyer tax credits, falling prices and seasonality — not improving market fundamentals.

He also believes there's still supply and demand issues that will hamper the recovery. (more)

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