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I'm Sticking to My Guns on Housing

By Jim Cramer

 About this article:
 It's not easy being the only guy on earth who believes that house price stabilization is upon us and that house price depreciation is in the past. Not easy at all. In fact, the belligerent press I get on it is only exceeded by everything else I say! But let's go over the data. The classic signal of a bottom requires two components: gigantic increases in sales and stabilization of price. Those are always the bottom and have been in every single housing cycle. Would it kill the opponents of my thesis to look into that fact? Now, the worst four housing markets in the country -- California, Florida, Arizona and Nevada -- have all seen that exact combination, with Nevada being the latest in stats that came out yesterday. These four states represent 50% of the housing market. So, we have the definition of the cycle...

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