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Non-Tech : Bill Wexler's Trading Cabana
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To: JDN who wrote (2881)10/2/2007 10:27:46 AM
From: Travis_Bickle  Read Replies (1) of 6370
 
I guess that's the bullish argument but I doubt the historically high inventory of empty homes is going to be worked off in the space of a few months, rate cut or no rate cut. All signs, including this morning's pending home sales report, point to increasing inventory, not decreasing inventory.

In a lot of bubble areas they have a good three year supply of empty homes. New condos are still going up at a frenzied pace.
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