Home › Forums › Financial Markets/Economics › Forbes: Beware Of A Double-Dip Recession
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March 13, 2010 at 9:52 AM #526198March 13, 2010 at 10:05 AM #525287CA renterParticipant
IMHO, the low new (and existing) home sales numbers are due more to the lack of inventory than to a lack of buyers.
We’ve just experienced the steepest drop in home starts these past couple of years, and there is very little new inventory to sell.
It’s not the least bit surprising to see low sales numbers in an environment where new homes aren’t being built, and where existing home inventory is being kept off the market due to national policies that artificially constrain inventory.
March 13, 2010 at 10:05 AM #525420CA renterParticipantIMHO, the low new (and existing) home sales numbers are due more to the lack of inventory than to a lack of buyers.
We’ve just experienced the steepest drop in home starts these past couple of years, and there is very little new inventory to sell.
It’s not the least bit surprising to see low sales numbers in an environment where new homes aren’t being built, and where existing home inventory is being kept off the market due to national policies that artificially constrain inventory.
March 13, 2010 at 10:05 AM #525865CA renterParticipantIMHO, the low new (and existing) home sales numbers are due more to the lack of inventory than to a lack of buyers.
We’ve just experienced the steepest drop in home starts these past couple of years, and there is very little new inventory to sell.
It’s not the least bit surprising to see low sales numbers in an environment where new homes aren’t being built, and where existing home inventory is being kept off the market due to national policies that artificially constrain inventory.
March 13, 2010 at 10:05 AM #525961CA renterParticipantIMHO, the low new (and existing) home sales numbers are due more to the lack of inventory than to a lack of buyers.
We’ve just experienced the steepest drop in home starts these past couple of years, and there is very little new inventory to sell.
It’s not the least bit surprising to see low sales numbers in an environment where new homes aren’t being built, and where existing home inventory is being kept off the market due to national policies that artificially constrain inventory.
March 13, 2010 at 10:05 AM #526218CA renterParticipantIMHO, the low new (and existing) home sales numbers are due more to the lack of inventory than to a lack of buyers.
We’ve just experienced the steepest drop in home starts these past couple of years, and there is very little new inventory to sell.
It’s not the least bit surprising to see low sales numbers in an environment where new homes aren’t being built, and where existing home inventory is being kept off the market due to national policies that artificially constrain inventory.
March 13, 2010 at 10:15 AM #525292ArrayaParticipant[quote=CA renter]
It’s not the least bit surprising to see low sales numbers in an environment where new homes aren’t being built, and where existing home inventory is being kept off the market due to national policies that artificially constrain inventory.[/quote]
It’s also not the least bit surprising to see low sales numbers when we’ve had negative job growth for 2 years running as well. Eventually, willing and able buyers dries up. No job growth, no need to build new homes. The Feds want high numbers and would release properties if they thought the could get them w/o lowering prices.
March 13, 2010 at 10:15 AM #525425ArrayaParticipant[quote=CA renter]
It’s not the least bit surprising to see low sales numbers in an environment where new homes aren’t being built, and where existing home inventory is being kept off the market due to national policies that artificially constrain inventory.[/quote]
It’s also not the least bit surprising to see low sales numbers when we’ve had negative job growth for 2 years running as well. Eventually, willing and able buyers dries up. No job growth, no need to build new homes. The Feds want high numbers and would release properties if they thought the could get them w/o lowering prices.
March 13, 2010 at 10:15 AM #525870ArrayaParticipant[quote=CA renter]
It’s not the least bit surprising to see low sales numbers in an environment where new homes aren’t being built, and where existing home inventory is being kept off the market due to national policies that artificially constrain inventory.[/quote]
It’s also not the least bit surprising to see low sales numbers when we’ve had negative job growth for 2 years running as well. Eventually, willing and able buyers dries up. No job growth, no need to build new homes. The Feds want high numbers and would release properties if they thought the could get them w/o lowering prices.
March 13, 2010 at 10:15 AM #525966ArrayaParticipant[quote=CA renter]
It’s not the least bit surprising to see low sales numbers in an environment where new homes aren’t being built, and where existing home inventory is being kept off the market due to national policies that artificially constrain inventory.[/quote]
It’s also not the least bit surprising to see low sales numbers when we’ve had negative job growth for 2 years running as well. Eventually, willing and able buyers dries up. No job growth, no need to build new homes. The Feds want high numbers and would release properties if they thought the could get them w/o lowering prices.
March 13, 2010 at 10:15 AM #526223ArrayaParticipant[quote=CA renter]
It’s not the least bit surprising to see low sales numbers in an environment where new homes aren’t being built, and where existing home inventory is being kept off the market due to national policies that artificially constrain inventory.[/quote]
It’s also not the least bit surprising to see low sales numbers when we’ve had negative job growth for 2 years running as well. Eventually, willing and able buyers dries up. No job growth, no need to build new homes. The Feds want high numbers and would release properties if they thought the could get them w/o lowering prices.
March 13, 2010 at 10:21 AM #525297sdrealtorParticipantHow would the Feds release properties? They dont have any ability to do that. The banks arent releasing properties or rushing to foreclose because it would force them to write down their assets and take them out of compliance with capital/reserve requirements. If they are out of compliance they cant lend. If they cant lend, they ar eout of business. The slow bleed will continue because that is their only choice. The Feds are aiding and abetting this all but they cant release the properties.
March 13, 2010 at 10:21 AM #525430sdrealtorParticipantHow would the Feds release properties? They dont have any ability to do that. The banks arent releasing properties or rushing to foreclose because it would force them to write down their assets and take them out of compliance with capital/reserve requirements. If they are out of compliance they cant lend. If they cant lend, they ar eout of business. The slow bleed will continue because that is their only choice. The Feds are aiding and abetting this all but they cant release the properties.
March 13, 2010 at 10:21 AM #525875sdrealtorParticipantHow would the Feds release properties? They dont have any ability to do that. The banks arent releasing properties or rushing to foreclose because it would force them to write down their assets and take them out of compliance with capital/reserve requirements. If they are out of compliance they cant lend. If they cant lend, they ar eout of business. The slow bleed will continue because that is their only choice. The Feds are aiding and abetting this all but they cant release the properties.
March 13, 2010 at 10:21 AM #525971sdrealtorParticipantHow would the Feds release properties? They dont have any ability to do that. The banks arent releasing properties or rushing to foreclose because it would force them to write down their assets and take them out of compliance with capital/reserve requirements. If they are out of compliance they cant lend. If they cant lend, they ar eout of business. The slow bleed will continue because that is their only choice. The Feds are aiding and abetting this all but they cant release the properties.
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