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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (89911)11/7/2008 12:00:19 PM
From: benwood  Read Replies (1) of 116555
 
"Pending sales ... were down 22 percent from ... a year ago and 46 percent from October 2006..." in King County (Seattle). -- Seattle Times

I think with the recent turmoil, two things will happen: fear of financial difficulty will further slow down purchases; much higher fear of financial difficulty will spur those who've been holding on to a non-productive property to sell *now*. The next six months could be the worst for the housing market as flippers who are way under water throw in the towel or quit claim deed away the homes.
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