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Housing bears must see these 2 charts
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Wednesday, December 23, 2009
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From Mark J. Perry's blog:

Highlights from today's report on existing home sales:

1. Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.4% to a seasonally adjusted annual rate of 6.54 million units in November from 6.09 million in October, and are 44.1% higher than the 4.54 million-unit pace in November 2008. Current sales remain at the highest level since February 2007…

Read full article (with charts)...

More on housing:

Why the housing crash is not over

Top homebuilder predicts new housing crisis

A shocking 1 of every 4 mortgages are underwater

Topics: Housing | Real Estate
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