It is clear that housing is not on the path to a true recovery. Many of us on this board have thought so all along while some analysts and journalists have contested that the bottom has been made.
Mr. Cramer should reconsider and revise his call. I believe the recent data should give him enough reason to change his mind. Also, if the banks start to unload more of the shadow inventory, then his call that housing has stopped going down will look even less likely, regardless of the measurements used.
Some home owners are getting ahead of the curve.
My challenge to Mr. Cramer still stands
This would have been a more realistic outlook for 2011.