Quote of the Day - Here's homebuilder D.R. Horton CEO Donald J. Tomnitz getting right to the point: "I don't want to be too sophisticated here, but '07 is going to suck, all 12 months of the calendar year." That's direct.
Yeah, 2007 will only be as good as 2004 or 2003 (or maybe 2005). That's terrible. It will only be as good as the 3rd or 4th or 5th best year on record. What a disaster!
On a happier note, home sales in the Detroit Metro Area (surely one of the hardest hit in the nation) steadied in January and rebounded 6.7% in February.
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Yeah, 2007 will only be as good as 2004 or 2003 (or maybe 2005). That's terrible. It will only be as good as the 3rd or 4th or 5th best year on record. What a disaster!
On a happier note, home sales in the Detroit Metro Area (surely one of the hardest hit in the nation) steadied in January and rebounded 6.7% in February.
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