coop, Here's one from today's NY Times – at least its today's here in NY for another 10 minutes. lol. Lots of properties for sale everywhere in the East. Did a fall color trip w/ the wife and saw thousands of for sale signs everywhere and most with reduced banners. Did 5 states and Canada fwiw.
The truest part of this article 3/4 of the way down was this comment imo:
“I don’t really see that this is going to make a significant difference,” said Jan Hatzius, chief United States economist at Goldman Sachs. “It seems a little more like a P.R. move, frankly.” Mr. Hatzius said he wondered “why this is going on when previously the official word was that things were getting better.”
I've seen thousands of homes in Las Vegas, Phoenix and a few other states and cities where they are just sitting there. Hopefully no one is foolish enough to let these guys out of their SIV's. It's going to be a looooong time before we see any sense of normalcy in the r.e. market.
