The story is the same one that I have been chronicling since the tea leaves first clearly signaled the endgame unfolding in US housing back in 2004 and 2005. Since then it has been slowly but surely downhill. While all real estate is local, since all local markets have been largely homogenized by securitization, the macro picture matters more than ever. With that in mind, here’s the latest macro data and interpretation of what it means. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
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