OK. The article is a paid op-ed by PIMCO, so they have a vested interest in the position. But that doesn’t mean they’re wrong. The four points Mark makes — strong job growth and consumer confidence; low inventories and rising pent-up demand; a willingness to lend and expanding demand for credit; and relative affordability — are all true. For those reasons, the housing market looks to be a good, stable investment option for the near-term future, regardless of what the Fed does.
