Speaking at the Morgan Stanley Financials Conference yesterday, Wells Fargo & Co (NYSE:WFC) Senior executive vice president and CFO John Shrewsberry said that home sales have picked up from the first quarter lows, but that the pace is still disappointingly slow. While he doesn’t pinpoint a single cause for the weak housing numbers, a regional mismatch between economic growth and affordability could be at play.
Wells Fargo CFO: Housing affordability and economic prospects don’t match up
“This purchase season doesn't seem as robust as we might have imagined it, it is a Setup a free account to get access to this article (no credit card required).Login required to continue reading.
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