Whitney Tilson, founder and managing partner of T2 Partners, thinks “investors are getting overly enthusiastic” as a result of the recent sequential month-to-month home price increases. According to Tilson the uptick is only a seasonal mix issue.
Tilson thinks housing prices have another year to go before hitting bottom. When the market finally sees this, Whitney says, stocks that got exposure to the housing sector will tank.
Here is Tilson on FM last night:
