RE and economic charts: PE+CR = Existing Home Sales Report: Nov = Rose 4% In Nov + NAR - Continue to Climb in November = 4.42 million SAAR, 7.0 months of supply

Wednesday, December 21, 2011

PE+CR = Existing Home Sales Report: Nov = Rose 4% In Nov + NAR - Continue to Climb in November = 4.42 million SAAR, 7.0 months of supply

[mEDITate-OR:
fail to see that even after the NAR "corrections"...
we are in a world of hurt...
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Existing sales are still way down...
whether or not we include short sales and foreclosures
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Prices are still way down...
whether or not we include the sand states
or short sales and foreclosures
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Current supply of LISTED homes are now way down.
whether or not we include REOs or the "hidden inventory"
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Below are three PE chart that show U.S. precisely that.
Along with the similar "views" from Bill@CR.
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