Thanks again to Larry Yatter for being out so quick with the numbers.
A solid drop in SFH Average prices, making it a 12% YOY drop. WOW! Lets see how the MSM spins that one.
Condos bucked the trend and are up MOM but still down YOY.
All time high inventory, with sales down 20% from last year.
Enjoy your week-end.
The market catches round number-itis - *Mid-week market update: *On the weekend (see The market's hidden message for the economy, rates and stock prices), I wrote that the short-term outlook was...
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