The pop has turned into a bust - Housing market

[oldandslow]

from http://www.econbrowser.com/archives/2006/08/more_thoughts_o.html

Builders' sentiment Down 52.2%
New-home sales Down 21.6%
Purchase-mortgage applications Down 20.9%
Building permits Down 20.8%
Housing starts Down 13.3%
Existing-home sales Down 11.2%
Existing-home inventories Up 39.9%
New-home inventories Up 22.4%

If you are in the market for a new home, there are bargains to be had out there. However, this is not the time to be selling or building for a quick turnover investment.

[Mr. Kotter]

Gotta be an Economics prof.....:hmmm:

[Bowser]

Now I see why jspchief is having a slow year....

[BucEyedPea]

It may not just be him to have that slow year.
Real estate slow downs also mean less of other products being purchased that go in homes.

[Bowser]

It may not just be him to have that slow year.
Real estate slow downs also mean less of other products being purchased that go in homes.

Very true.

If the stupid gas prices hadn't blown up for most of the year, we might not even be talking about this.

It's pretty amazing to sit back and watch the trickle down effects between industries.