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I think we're going to see another big downturn in the housing market the fall/winter. Pending home sales have dropped off and what little demand that's left has shifted to the rental market. It doesn't look like people are even trying to buy.
1 posted on 09/19/2011 10:05:17 AM PDT by Free Vulcan
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To: Free Vulcan

The US is ten years overbuilt.

We have tens of millions more houses - nice houses at that - than we have families to live in them.

The market has a long way left to fall.


2 posted on 09/19/2011 10:25:15 AM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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