The US housing market will experience a second recession, forcing banks to post additional loan-loss reserves, analyst Meredith Whitney said. “Most investors are not baking in a double-dip in housing,” said Whitney, founder of New York-based Meredith Whitney Advisory Group.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
Fortune Magazine and Great Place to Work this week announced the winners of its 2020 Best Companies to Work For list, ranking America’s best workplace environments for large companies. And multiple industry titans in the housing space made the list.