The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: CalculatedRisk who wrote (233701)	12/22/2009 5:38:49 PM
From: SouthFloridaGuy	Read Replies (2) of 306849

CR: I can't believe yoru view on housing is so static. I'm sorry, but the conclusion you make is utterly baseless. What part of housing is correlated to the economy, jobs, household formation, availability of loans, and affordability are we missing here? Every one of those factors is markedly improved. This is factual based on payrolls, Fed Survey data, price vs. mortgage rates, etc. <<<A few more comments: Months-of-supply will now increase sharply as sales plunge. Do not be fooled because months-of-supply is close to "normal" levels. This is primarily because sales were distorted by the tax credit. Excess inventory includes existing home inventory, rental units (vacancy at record high), and various shadow inventory. This is still near record levels. House prices are now falling again - and this will show up in the Case-Shiller index soon. This is probably the end of the "good" housing news for a while. >>>

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