A "Real" Hard Look at the Market

Here is the link to a great article by Lou Barnes (Prime Credit News) with a real look at the real estate market today.


He and I both are still searching for those building blocks that will staircase us off of the bottom. Although new home starts have again fallen by 12%, we have seen in our local market large, new, spec home starts ($750,000 and above) for the first time in over 3 years. The inference would be that these builders hope to be available as the market turns positive. Today's prime lending report states "Inventories are now at their lowest level since 1967."