BofA Says Don't Believe the Hype on a Housing Collapse

There’s no shortage of warning signs for the housing market, but Bank of America says investors shouldn’t fear the worst.

“Don’t believe the narratives of a housing collapse,” economist Michelle Meyer wrote in a note to clients on Tuesday. Meyer said the challenges facing the sector “should only be a slight drag on growth” and that “the recent decline in mortgage rates is well timed, ahead of the spring selling season.”