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"!

Tuesday, October 2, 2007

Pending home sales fall sharply | Reuters

Pending home sales fall sharply Reuters

"The July number was revised up a bit, to a decline of 10.7 percent, but this is still absolutely awful, confirming that the existing homes market is now in freefall"