On Tuesday, we told the Housing story using mostly words. Today, we’ll go with an only-pictures review:
More Mortgage resets are coming:
Chart via At These Levels
Median Period (Months) Completion to Sale
Last three charts via Northern Trust
Funny thing: The charts tell pretty much the same story the words did: The housing story is only halfway done, going to get worse as time progresses. We are not anyway near a bottom in Residential Real Estate.
The Forgotten Resets
At These Levels, Friday, May 11. 2007
All Indicators Point to Continued Weakness in Market for Existing Homes
Northern Trust, May 25, 2007
April New Home Sales – One-Off Fire Sale!
Northern Trust, May 24, 2007
Q1 Case-Shiller Home Price Index
Northern Trust, May 29, 2007