“Sharon Hanley, who produces a weekly report on new-home sales, said the 2008 market will be helped by the reconversion of condos to apartment status and by a relatively low inventory of unsold homes.”
Huh? Low inventory of unsold homes? Last time I checked inventory, and months of inventory, both were was going up! Condo’s are worse than SFR’s and apartments are converted to condo’s not SFR’s, so………… HUh?
“Falling prices, surging foreclosures, reasonable mortgage rates and a high inventory of for-sale homes mean there are bargains to be found”
Apparently Sharon didn’t talk to this guy. At least he lives in real life. Too bad his idea of bargains today are going to be 2009’s UT headlines “recent buyers hurt by market downturn” about some poor guy who lissened to him, bought a house he couldnt afford thinking it was the bottom and lost his job in the recession that they promised wasnt coming and is now going into foreclosure.
