Wells Fargo Economist: Housing Market 'Worse Than It Looks'
Says 'there’s no question that the housing market has long lost momentum.'
Says 'there’s no question that the housing market has long lost momentum.'
Bank execs reject reports of plans to abandon the sector.
NAHB chief economist says Fed policy & high construction costs will cause first decline in housing starts since 2011.
Where will things go in the housing market?
Wells Fargo earnings down 48% YOY, BofA down 32.6%.
Confidence, sales and HMI points all plummeted during the month of July.
One lawsuit dismissed, another allowed to move forward on limited grounds
Kleber Santos appointment comes as bank faces major financial pressures.