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Uh oh.....107-months to clear bank's housing backlog


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2010 Nov 3, 3:37pm   1,566 views  1 comment

by HousingBoom   ➕follow (1)   💰tip   ignore  

Housing will bottom in 2011? I don't think so. Give it 5+ years after prices tumble another 30%+

http://blogs.wsj.com/economics/2010/10/30/number-of-the-week-107-months-to-clear-banks-housing-backlog/

#housing

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1   marcus   2010 Nov 4, 12:08am  

It's asking prices only, without a blip in sales prices. Maybe this is bank owned homes temporarily taken off the market ? OR others throwing in the towel for now?

Strange. If it was preceded by even the slightest upward blip in sales prices, then I think there could be something to your inference.

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