by irdadmin | Aug 25, 2016 | Financial Markets, Housing Market
This is from a reader who posted this comment: I live in “the south” in a very very nice area by the beach. A “developer” built over 20 new homes and purchased several more lots to build on. His last home sold 6 months ago and the rest stay EMPTY! Lock box, not...
by irdadmin | Aug 24, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
As I detailed yesterday – LINK – yesterday’s new home sales report was complete fiction. Notwithstanding all of the other statistical manipulations that go into the Government’s Seasonally Adjusted Annualized Rate of sales metric, including...
by irdadmin | Aug 23, 2016 | Financial Markets, Housing Market, U.S. Economy
The three primary drivers of the economy are starting to head south: retail, housing, autos. I can smell the housing market slipping away now. I’ve been early on housing, like I was when the mid-2000’s Bubble 1.0 popped, but I was eventually very correct...
by irdadmin | Jun 28, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
This is a note to me from one of my Short Seller Journal subscribers: As a 20 year real estate agent, investor and wholesaler in Atlanta, I’d like to add my comment to your analysis. I totally agree that things are not what they seem to be in housing. I...
by irdadmin | Jun 22, 2016 | Financial Markets, Housing Market, U.S. Economy
It’s happening here too, NE Florida. Lots of inventory in higher priced areas (around $400k), lesser expensive areas are selling but at much reduced frequency. Lots of for sale signs out there and they’ve not come down. I see price reductions now, and still no traffic...
