muses of the moment

April 27, 2011

John Williams latest update

Filed under: Housing Market — totallygroovygirlfriday @ 12:59 pm

You pay for the detail, but here is the summary from John Williams of shadowstats.com:

– Pending Benchmarks to Retail Sales and Durable Goods Orders Should Show Economy to Have Been Weaker
– Home Sales Remain Troubled

The charts in the subscription detail show that rising home sales the last 6 months have been driven by rising foreclosure sales and not a recovering housing market.

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