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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Bonefish who wrote (74759)3/26/2007 1:47:43 PM
From: Broken_ClockRespond to of 306849
 
satan can always find work. -g-



To: Bonefish who wrote (74759)3/26/2007 1:50:29 PM
From: Broken_ClockRead Replies (2) | Respond to of 306849
 
"David Lereah, chief economist for the national association, believes demand for homes could be cut by 150,000 to 200,000 annually this year and 2008."

"Our view is that the tightening in the subprime market will have a negative impact on home sales," Lereah said in a statement. "It probably won't postpone the recovery (in housing), but it will slow it." (LA Daily News, March 23, 07)
++++++++++

apparently Lereah wants Bernanke's job. Incredible doublespeak. How can something that is slower not be delayed?



To: Bonefish who wrote (74759)3/26/2007 1:52:03 PM
From: Think4YourselfRead Replies (2) | Respond to of 306849
 
re: "8.1 month supply of homes."

Wonder if SLCGuy or LongIslandGuy have changed their tune yet. As foreclosures start popping out of the pipeline and overwhelming the market there won't be any subprime buyers to snap up the "bargains". It will be interesting to see how the bulls justify their viewpoint.


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