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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 | Link to Comment 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 | Link to Comment BandGap
BandGap's picture

He said "at the moment". Hahahahaha.

This is fucking clueless anymore.

Wed, 05/23/2012 - 09:35 | Link to Comment Doubleguns
Doubleguns's picture

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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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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