A Little More Today than Yesterday! Trading Stuff.
3 Housing Charts that Look Less Bad
Andrew Horowitz submits:
We are seeing a few numbers that are “headlining” well. For example, the Case-Schiller reported a 9.36% year-over-year decline. But, the declines are on top of declines we have already seen. Of course we all knew there would be a time that would show a slow-down of rapid declines that were occurring – or houses would be worth zero in no time. So, we are glad to see the drop slowing. But…
The fact is that all of the housing numbers will look better for the foreseeable future since last year’s fall was off the charts. Digging deeper into the report also shows that many of the existing home sales are still from distressed properties.
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