Housing Doom Housing Bubble Blog

You gotta love this quote from today’s New York Times (Hat tip to L for this one!):

“In visiting our local associations and state associations, we were hearing our members saying, ‘…we are getting beat up out there,’ ” said Thomas M. Stevens, who is president of the trade group that represents 1.3 million real estate agents and owns a real estate brokerage firm in the Washington area.

“We think we need to tell them that the stars are aligned right now and the conditions are ideal for buyers,” he added.

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The pundits are declaring that the housing market has hit a "trough" or a "bottom."  I myself prefer the phrase "slippery slope."

Here is Housingdoom’s unofficial sneak peak at the October numbers:

FOR ALL MLS
 
Active:  47,100
Under Contract:  6,659
SOLD (10/01/06)  5,600 (This number should come down as agents change status when deals fall out at close of escrow), Single Family Homes:  4,693
 
TOTAL EXPIRED LISTINGS SINCE 10/01/06:  3,433
 
21,387 OF THE ACTIVE LISTINGS ARE VACANT OR  45.4%

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John and I are dizzy dealing with all the spin in the MSM this week.  There is a concerted effort at the moment by the REIC, to downplay the current pain in the housing market. The pundits have been out in force, laying it on with a shovel.  We much appreciate any links, comments, and insights that don’t attack our sense of equalibrium.
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