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Inventory Explodes Past the Worst of the Housing Crash

Soft demand for existing homes pushed up inventory to a record 12.5 months of sales and easily broke the previous high of 11.3 months scored in April 2008. 648 more words

Financial Crisis

Housing Prices Are Falling Again. We Have a Moral Obligation to Embrace The Trend.

Isolate recent values on the First American index of property values and a national fall is not difficult to anticipate.

Since I began in August to forecast a continuation of falling values, frequently I met with anger, disbelief, myopia. 891 more words

Financial Crisis

Pending Home Sales Move Toward Equilibrium

Pending home sales move toward a reasonable demand figure, but within the context of the free-money down-payment program, only a fool would presume to propound a bullish stance. 105 more words

Financial Crisis

Prices Fell .64 Percent in February, But Gained 1.43 Percent In Last Year

Prices fell .64% in February, but increased 1.43% compared to a year earlier, according to new Case Shiller data, with the gain representing a significant positive change. 358 more words

Financial Crisis