Housing inventory hits a new high at 11+ month supply.

Aww.. is that why Friday's rally is gone ? Who would've thought.

But (and it is a very little but)

90,000 more existing homes sold than expected, July sales up 3.1%
info from Nat {bleeeep} of Realtors

34 seconds into clip

http://watch.bnn.ca/...2008/#clip85597

Edited by jack, 25 August 2008 - 04:37 PM.

But (and it is a very little but)

90,000 more existing homes sold than expected, July sales up 3.1%
info from Nat {bleeeep} of Realtors

34 seconds into clip

http://watch.bnn.ca/...2008/#clip85597

But, and thats a big but ... almost 40% of all sales are foreclosures. And even with foreclosures getting cleaned out at this rate the inventory is still rocketing.

But, and thats a big but ... almost 40% of all sales are foreclosures. And even with foreclosures getting cleaned out at this rate the inventory is still rocketing.

Si , thanks for completing your thought
Think I'll try and get a handle on related demographics. Just how dumb will my childrens' mortgages have to look.