John Mauldin took the weekend off, so I offered up the most recent Market Commentary from RR&A as a guest piece: Real Estate and the Post-Crash Economy.
It is a dissertation that puts the real estate boom into some context:
Real Estate and the Post-Crash Economy
The Backwards Cycle
The Economy Drives Real Estate, or Vice Versa?
Where the Real Money is: Consumer Spending
Slowing Housing Market and the Economy
It a fairly comprehensive analysis, laden with charts and statistics, many you may not have seen before.
Its a 4 day weekend, so you have plenty of time to sift through it. (So far the feedback has been rather kind).
Some of the recent Housing data has been “encouraging:” • Sales for existing homes rose in November for the second straight month; • New single-family homes rose 3.4% in November (seasonally adjusted), following a 3.8 percent decline in October; • Inventory backlog declined to a 6.3-month supply in November (from 6.7-months); • The 4 week…Read More