Oct 22 2008
You should probably keep waiting to buy that house
If you’re looking for a bottom in the housing market sometime soon, you won’t want to look at the charts from The Bonddag Blog today. Housing inventory hasn’t been coming down at the same time as unemployment is rising. It’s ugly.
The real estate sector has not been recovering with the rest of the market of late, no doubt because of exactly the supply and economic considerations Bonddag points out. The IYR real estate ETF has lost nearly 60% since the start of 2007 and isn’t really showing signs of turning.
iShares DJ US Real Estate Index
More on this topic
(What's this?)
Even the Dead Cats Aren't Bouncing
(Financial Armageddon, 3/2/10)
CHART OF THE DAY: ARE HOME PRICES FALLING AGAIN?
(THE PRAGMATIC CAPITALIST, 2/24/10)
The Worst Is Not Over
(Financial Armageddon, 1/2/10)
Here are some other posts which might interest you:
