http://www.nahb.org/fileUpload_details.aspx?contentID=57939 take a damn LOOK!!!!!!
Considering ALL that has been done, this is PATHETIC! The gov subsidy program is luring buyers to foreclosed properties at expense of existing and home builders.....and there are MILLIONS more coming on line foreclosed.
One of the components "prospective buyer traffic" fell back to what we saw at panic March lows! DOWN IS DOWN...but heck why worry about this stuff, why don't we figure out how to tax CARBON !!!! and put GS at another feeding trough.....
"Change you can believe in..." ???? MASS voters sent loud message, we get you and we are sick to our stomachs!
**late update 9:14 PM AFter review of the closing stats, I am not convinced market ready to give up ghost, given chance to pick up speed, selling fell off last hour and were not as intense as the numbers suggest, a rebound is possible. I will post a 60M chart next to show why decline may have farther to go.
D
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