Good monday to you all!
As we head into another week it will be interesting to see if the current dismal sales trend holds.
VHB puts it into perspective:
If we get another week like last week, we will be on pace for sub-2008 September sales. Pause and think about that. In the middle of the biggest financial crisis in 75 years, more houses were sold than now. Wow.
So let’s look short term – what do you think? Will this week reverse the trend that kicked off the month or are we going to see more of the same?
It’s the end of another work week and that means it’s time for our regular weekend news roundup and open topic discussion thread. Here are a few links to kick off the chat:
–Time to panic on the housing market
–Very few expiries means a quick return to the 15k party.
–We’re at the highest inventory for this time of year in years
–Tighter mortgage regulations expected
–Do banks need to boost risk?
–Housing prices flat or falling
–House prices drive away staff
–Alarming rise in homeless families
–Here’s the fake GVREB press release
–Seattle (down 32%) was supposed to be immune to price drops
–Irish tiger left lots of empty homes
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Thanks, and let us know what are you seeing out there. Post your news links, thoughts and anecdotes here and have an excellent weekend!