Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Elroy Jetson who wrote (19821)	12/29/2004 1:36:28 PM
From: Rational	Read Replies (1) of 116555

<<As for new home sales declining while the inventory of unsold new homes continues to rise - well that speaks for itself doesn't it. >> One has to be careful about making a judgment based on inventory of unsold homes. The asking prices are very high. Everyone wants to sell his/her home at a price to make profits and "move up." When buyers do not emerge to pay profits, the listed home is withdrawn from the market after some time. These listings are not cases of distress sales.

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