Whether it’s the data for existing homes, new homes, housing starts, or builder sentiment, all have pointed to signs of stabilization over the past few months and we hear stories of bidding wars again in some markets. One of the factors the NAR in particular is citing is the lack of inventory, whether because of the slowdown in foreclosure proceedings or sellers waiting for higher prices. Whether the case or not, one indicator is standing in contrast to the bottoming housing figures and that is weekly mortgage applications to buy a home. They fell for a 5th straight week and is at the lowest level since Feb. In analyzing existing home data in the next few months we should start focusing on how many are being bought for cash by investors who then plan to rent them out, a continuously growing trend.
In Asia, while the Shanghai index fell to a
http://www.ritholtz.com/blog/2012/08/housing-bottoming-then-where-are-the-buyers/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29
LIES LIES AND MORE LIES!!!!!!!!!!!!!!!!! Things will get better when the fraud and the fraudsters are gone and put on that island for eternity. Dont put them in our jails. WE will have to support their worthless asses
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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