The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: ild who wrote (74861)	12/5/2006 5:08:12 PM
From: russwinter	Read Replies (1) of 110194

<The average home price was $710,000 in the quarter, up from $679,000 a year ago.> More than a bit inconsistent with this statement: ``With these cancellations creating unintended specs, we could face increasing margin pressure as we seek to move these homes,'' Robert Toll said in the statement. Shrinking margin = lower pricing in my version of English. These bloated inventories will pressure prices, and take some time to work off, but to get the next leg down we need to see wider credit spreads in mortgages. So far it only seems to be subprime doing that. When does the Credit Suisse report for November come out?

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