Today’s hyperbolic statement comes from, ironically enough, that venerable hard news source – the Today Show. Normally, I watch CNBC and the wife watches NBC. Unfortunately, no Squawk Box on Saturdays.
Lester Holt’s (I think that’s correct) teaser was – “Today’s housing market is the worst in history,” and then proceeded to tease a cell phone service that would help you sell your house. Ah, if only it was that easy! The worst in history? I don’t buy it. Not what it used to be? Sure. Do your own due diligence; two-minute segments on network TV typically don’t provide the thorough analysis needed to assess the housing (or any) market.