Some More Housing Charts

On Tuesday, we told the Housing story using mostly words. Today, we’ll go with an only-pictures review:

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More Mortgage resets are coming:

Arm_reset_schedule

Chart via At These Levels

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Median Period (Months) Completion to Sale

New_homes_months_sale_complete

Inv_unsold_houses

Sp_case_shiller

Last three charts via Northern Trust
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Funny thing: The charts tell pretty much the same story the words did:  The housing story is only halfway done, going to get worse as time progresses. We are not anyway near a bottom in Residential Real Estate.

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Sources:
The Forgotten Resets
At These Levels, Friday, May 11. 2007
http://www.attheselevels.com/archives/678-The-Forgotten-Resets.html

All Indicators Point to Continued Weakness in Market for Existing Homes
Asha Bangalore
Northern Trust, May 25, 2007

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Asha Bangalore
Northern Trust, May 24, 2007

Q1 Case-Shiller Home Price Index
Asha Bangalore
Northern Trust, May 29, 2007

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