Relevant:
- Single-Family Inventories Remain Oversupplied by 900,000 Units
- I wouldn't do the "Housing Bottom Dance" just yet
- Home Repossessions Rising As Banks Convert Shadow Inventory to Real Inventory
- Housing slowdown smacks Realtors hard
- The growing condo shadow inventory – CityCenter in Las Vegas and Lexington Park in Chicago
2009-12-25 — ml-implode.com
"The housing market remains oversupplied by 860,000 units when compared to a 10-year average inventory and the overhang represents a direct contradiction to the spirit of Tuesday’s headlines describing new data from the National Association of Realtors."
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Comments:
tvsterling at 20:02 2009-12-25 said:
The bankers aren't dead yet; they just left the field (using all our taxes for the next 10 years as a crutch). The three F's (Fanny,Freddy & FHA) are carrying the fight to the enemy but the only catch is the enemy is us, the citizens. Oh & they are using all our taxes for the next 10 after the banker's cut for ammunition. Can you spell Sovereign Default? Evidently Little Timmy & his momma (GS) can't. Permalinkadd a comment | go to forum thread
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