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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: zebra4o1 who wrote (73692)3/12/2007 8:41:18 PM
From: patron_anejo_por_favorRead Replies (3) of 306849
 
What Bob "Mr. Clean" Frohlich fails to appreciate is if 1,000,000 homeowners get "put out on the street", there are another million unsold homes as excess supply, and 1,000,000 former home "consumers" who are out of the market. That's a year's supply of each in a normal year. The current inventory of homes is around 6-7 months nationwide, so yes, it's a humongous deal (and that's even if the credit woes don't affect prime home borrowers, which is and will continue to happen).
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