Case Chiller – False, Phony, and Fictitious

``The real story of the market is in the new house sales prices. That data shows what happens when the time runs out to take advantage of Uncle Sam’s $8,000 first time home buyer credit. Since the program ends on November 30 and it takes at least 4 months to build a house from date of contract, new house sales prices started to tank in August, completely wiping out the March to May bounce. That bounce, in my view, was entirely due to the government fist time home buyer prop job.''