The 27.9% MoM existing home plunge is overrated# Stock
g*g
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Mostly due to the housing credit and most buyers closed
by the end of the June (required at that time to get the credit)
This is not saying double dip is not possible. But the MoM
stats is not very meaningful. And inventory decreased YoY for
1.9%. More likely the housing market is slightly better than
last year, but not much better.
by the end of the June (required at that time to get the credit)
This is not saying double dip is not possible. But the MoM
stats is not very meaningful. And inventory decreased YoY for
1.9%. More likely the housing market is slightly better than
last year, but not much better.