by Bill McBride on 7/21/2010 08:55:00 AM
Wednesday, July 21, 2010
Nick Timiraos and Robbie Whelan write at the WSJ Housing Market Stumbles. A few excerpts:
The Wall Street Journal's quarterly survey of housing-market conditions in 28 major metropolitan areas shows that inventory levels have grown in many markets.A few comments:
... newly signed contracts in May and June have plunged. ...
More broadly, the housing market faces two big problems: too many homes and falling demand.
Posted by Bill McBride on 7/21/2010 08:55:00 AM