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RANsquawk US Morning Call: New Home Sales Preview - 23/05/12

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Wed, 05/23/2012 - 09:30 | 2454543 Cult_of_Reason
Cult_of_Reason's picture

The damage is done irreversible.

European Disintegration

http://video.ft.com/v/1651839075001/European-disintegration

Wed, 05/23/2012 - 09:31 | 2454551 BandGap
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He said "at the moment". Hahahahaha.

This is fucking clueless anymore.

Wed, 05/23/2012 - 09:35 | 2454565 Doubleguns
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I think they included tent permits at state parks in the single family home permit number.

 

Buy coleman stock.

Wed, 05/23/2012 - 09:46 | 2454591 Calidreaming
Calidreaming's picture

In Las Vegas right now you would think it was 2004. There is only weeks of inventory left.  I received 56 offers on one REO I listed last week. The problem is the stupid banks and goverment are not foreclosing. no one is getting foreclosed on . NO ONE. So all the asian investors are buying everything for cash-leaving the owner occupants homeless- so they are now looking at new homes again-as they cant compete with the cash investors for REO or short sales.  Its messed up.

 

 

Wed, 05/23/2012 - 10:09 | 2454670 apberusdisvet
apberusdisvet's picture

The market has to clear and it won't until the banksters end their mark to myth strategy.  For that to occur, there would have to be a widespread awareness that the TBTFs are technically bankrupt.  Can't let that happen, now can we?

If I were younger I would set up demolition companies in all the sand states.  Any vacant house in a hot (dry or humid) area dramatically declines within a short 2 years, not even allowing for vandalism.  Go long bulldozers.

Wed, 05/23/2012 - 11:13 | 2454914 Snakeeyes
Snakeeyes's picture

They went up, but still in "The Red Zone." A no loan recovery? Please!

http://confoundedinterest.wordpress.com/2012/05/23/mba-mortgage-purchase-applications-fell-2-96-europe/

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