Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ild who wrote (46179)	11/28/2005 10:43:49 AM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

realtor.org This is almost year end and it is pretty easy to crunch the existing home sales numbers now. Look at the seasonally adjusted numbers on the left, existing homes are supposedly selling at a pace of 7,090,000 for 2005. Look at the monthly not seasonally adjusted numbers of the right, it is just simple arithematic that we need to sell 537,500 homes per month for Nov and Dec to meet the projection. This is about the same level as Nov/Dec 2004. I am willing to bet that the numbers will miss based on all the factors we have recently discussed.

To: ild who wrote (46179)	11/28/2005 11:09:03 AM
From: Ramsey Su	Respond to of 110194

It seems like everywhere I look, there is more confirmation that the sky has fallen. The FNM charts are very good. I wonder if all the different experts have asked the question: How many of these so called 2nd homes are actually people who are now stuck with either losing a deposit on their new home, or eat a less than anticipated sales price of their existing home to complete the move?