The past few days have been interesting. Home construction is up, but new home sizes are much smaller now. I expect this is the new normal. Rates have dipped below 5% at least briefly. This should give new momentum to the resale and new construction market but is likely to wane as rates rise. At the same time foreclosures are surging, short sales are surging, and affordability has never been better for investment.
On the economic front corporate profits are surging, consumer debt… Continue
Posted on April 20, 2010 at 5:41am