One big difference between now and 2007 is the supply of homes. There's roughly 12 million more households than 2007 but three million fewer homes to buy.
Barry Habib is no stranger to the housing market. Currently the chief executive of MBS Highway, a provider of tools to mortgage advisers, and the multiple winner of Zillow’s “Crystal Ball Award” for most accurate real estate forecaster, Habib sold Mortgage Market Guide, the business he founded, in 2007, at the top of the market, in addition to making public warnings about it.
So an exchange between Habib and David Rosenberg, the pessimistic chief economist and strategist at Rosenberg Research, was notable for Habib’s optimistic...
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