KM
Pending Home Sales data is not seasonally adjusted.......does not have a statistically long enough track record to come up with seasonals. Kind of a worthless number unless you're an idiot trader.
View ArticleCos
I am curious about all your gloom and doom, what is the pace of household formation in the last three years, and at what point does that intersect with the spooky shadow inventory?
View ArticleDean Wormer
Look at all the real stats...2-4 years before we hit bottom and positive absorbtion. Prices are likley in the decline/overshoot phase right now.
View Articleclaptrap
The markets don't care. Why? Because there's still plenty of sub prime debt available. There is? Yes. They now call it sovereign debt.
View ArticleRichard
I wonder what the effect will be when 2 million people start to lose unemployment subsidies. I certainly would use any monies I got my hands on for food and medicine and not rent or mortgage payments.
View ArticleDavid Cooper
With house price 50% less than 3 years ago, and interest rates in the 5% range, the lowest in 50 years, the Spring Buying season will show record rebound in house prices. WHY!!! I am NOT looking at the...
View ArticleMichael David White
Hi KM, i think there is enough data (10 years) to be useful. that means you could be an idiot non-trader. mdw
View ArticleMichael David White
Hello Clap, leverage has only grown worse since the startup the crisis. more leverage is still not good and it's been years since i have seen a story that mentioned leverage. thanks for your comment. mdw
View ArticleMichael David White
hi Richard, 2 million new "no pays" plus 7.7 million delinquent mortgages plus 3.9 million units for sale equals the new normal: wild default ratios. thanks for your comment. mdw
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