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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (37330)7/30/2005 7:54:59 PM
From: CalculatedRisk  Read Replies (2) | Respond to of 110194
 
So that is a 17% increase in Phoenix for July.

I've been predicting a jump from 2.653 Million (June Inventories Nationwide of existing homes) to 2.9 Million in July. With a little fall off in sales, the months of inventory could jump to 5 months. That would send shock waves through housing.

July's numbers are going to be interesting ...



To: russwinter who wrote (37330)7/30/2005 11:34:39 PM
From: ChrisJP  Respond to of 110194
 
Maybe the fact its been 8 bazillion degree outside in the Phoenix area has contributed to the slowdown ?

Its too soon to tell but I' like to think the top is in.

So far, its just anecdotal.

Chris


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