[quote=4plexowner]”New home sale is supposed to be bad because builders are not building anymore.”
just re-read your post
you are implying that new homes aren’t selling because they don’t exist – well, sorry, but there is a 12 month supply of them
or did I misunderstand you?[/quote]
Hmmm, me wonders what will happen after most of the good foreclosures are bought (although this may be awhile yet)
Don’t get me wrong I am not saying we are going back to the bubble years here but we could see movement in New homes at that point.
Im my tract there were 8 foreclosures that closed in December (new tract built after 2005), there are about two left in that tract, maybe there will be a few more but I think most who were going into foreclosure have already in this tract.
