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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who started this subject	6/27/2004 3:53:16 PM
From: CalculatedRisk	Read Replies (2) of 110194

Housing: On Mish's thread, I've argued that housing peaked in March for this cycle. The May New Home Sales numbers surprised me. So now I guess May was the peak <g>. We will not now for sure for several months. My day to day anecdotal evidence is from builders, architects, RE agents and other people in OC and San Diego. This evidence still suggests that housing sales have peaked. Here are a some articles about RE in the OC: Housing inventory climbs 84% in two months as homes linger on market. Message 20258429 County real-estate speculation jumps Message 20258426 New Homes Sales off 13.4% over last month (PDF): ocregister.com

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