Yesterday seemed to be Real Estate day around here. A more eclectic set of posts in one place you are unlikely to find. (I hope to return to a more focused economics/markets/trading posts later today).
In case you missed any of it:
• The Pending Home Sales Contract Rally? Was Monday’s Rally realy caused by the slight bump in the pending home sales index?
• Real Estate Roller Coaster Very clever visualization (via SpeculativeBubble) of US Home prices plotted as a roller coaster.
• Top 15 Creditors (by Size) to New Century: Goldman Sachs has emerged as the single biggest creditor of New Century, the American sub-prime mortgage lender, which filed for Chapter 11 bankruptcy.
• Shiller on Housing: Yale professor Robert J. Shiller on "Long-Term Perspectives on the Current Boom in Home Prices" in The Economists’ Voice.
Good stuff — must reading for the perenial R/E bottom callers . . .