So, how many of you out there think the housing bubble has just broke in the last six months? I couldn't believe the # of articles on this issue today:
Some interesting reads (most are doom and gloom, but a couple point out that new home sales are up in the lower priced homes)
The median price of a single-family home fell to $219,800 last month, a drop of 2.5% from the price in September 2005. That was the biggest year-over-year price decline in records going back nearly four decades. Prices also fell in August, and the two months marked the first back-to-back declines in 16 years.
Even Fox decided to put this one on their front page......in a backhanded kind of way.....yeah yeah....sure, their being positive for once.....rrriiiggghhht.....
I'm way more interested in the number of ARM loans out there......