2009-12-22ritholtz.com

Here is a sign that things are artificially stimulated: Abnormally high Existing Home Sales for November 2009:

Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.4% to a seasonally adjusted annual rate of 6.54 million units in November from 6.09 million in October, and are 44.1 % higher than the 4.54 million-unit pace in November 2008. Current sales remain at the highest level since February 2007 when they hit 6.55 million.


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