Housing Arm-ageddon: Game Over

Finally, finally, finally... The housing market bubble is bursting. It seemed like in the past couple of years, the ones that were trying to warn people of the writing on the wall were largely being ridiculed and ignored. I saw it coming too. It was very obvious we were in a housing bubble and it proved once again an old addage that I learned from stock investing: When everyone and their mother is an expert, that is the time to "head for the hills"!

Thursday, October 4, 2007

For home-builders, the worst is to come - MSN Money

For home-builders, the worst is to come - MSN Money

The stats vary by region, but the national inventory of homes is at an all-time high, with an eight-month supply. One in 7 1/2 houses is actually vacant. Prices are tumbling. And there is little relief on the horizon, even from the Federal Reserve.