Back in May, I posted an article on Minyanville asserting that all-cash buyers have kept several major housing markets from collapsing. (See All-Cash Buyers Preventing Collapse of Housing Markets.) With new evidence in to support this claim, now is a…
Tag Archive for Reo Sales
Bears Chat, Best of the Forums
House Prices Will Drop Another 20 Percent
by a Wall Street Examiner • • 0 Comments
Dozens of interesting charts in this fact-filled commentary about the ongoing housing bust…..
This huge and growing surplus inventory of houses will probably depress prices considerably from here, perhaps another 20% over the next several years.
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Economics, Housing, Latest Business Headlines
More Little Lies and Big Spin- Gains or Blips?
by Lee Adler • • 4 Comments
The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose more…
