Hey, I thought that the glut of foreclosed homes had driven U.S. home prices down so much that buyers were jumping back into the market?
Didn’t I read that somewhere?
Oops, sorry, my bad — pardon the interruption . . .
Housing Prices Deflated
Unsold Inventories Pile Up
charts courtesy of Haver Analytics, Merrill Lynch
Existing Home Sales, Non Seasonally Adjusted, Explained (March 2008) http://bigpicture.typepad.com/comments/2008/03/existing-home-s.html
How Counter-Productive is Realtor Association Spin? (March 2008) http://bigpicture.typepad.com/comments/2008/03/how-counter-pro.html
Wave of Foreclosures Drives Prices Lower, Lures Buyers
Oversupply Triggers Lenders’ Fast Sales; Mr. English Bids
JAMES R. HAGERTY and KRIS HUDSON
WSJ March 25, 2008; Page A1
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.