Alphabet soup of recovery theories for Phoenix's housing market

Theories for the housing market’s recovery remind many of alphabet soup – V, W, L and U.
Real Estate analyst RL Brown explains the recovery scenarios behind each letter in the latest Phoenix Housing Market Letter.
V – This is the symbol behind a fast crash and subsequent fast recovery. We already know this won’t be the case. “The V’s were the rose-colored glasses folks,” says Brown.
W – The symbol for a double-dip recession. If this plays out, we are in for another stock market crash, spike in foreclosures and big drop in home prices. “The W’s are the skeptics,” says Brown.
L …

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