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"!

Friday, October 26, 2007

New sign of housing weakness: Vacant homes on market up - Oct. 26, 2007

New sign of housing weakness: Vacant homes on market up - Oct. 26, 2007

"It's very hard to see how this doesn't get worse," Baker said. "It's certainly possible we could see 3 million, maybe 4 million (vacant homes on the market.)"