Some More Housing Charts

On Tuesday, we told the Housing story using mostly words. Today, we'll go with an only-pictures review:

>
More Mortgage resets are coming: (see below)

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.

>

Sources:
The Forgotten Resets
At These Levels, Friday, May 11. 2007
http://www.attheselevels.com/archives/678-The-Forgotten-Resets.html

All Indicators Point to Continued Weakness in Market for Existing Homes
Asha Bangalore
Northern Trust, May 25, 2007

April New Home Sales – One-Off Fire Sale!
Asha Bangalore
Northern Trust, May 24, 2007

Q1 Case-Shiller Home Price Index
Asha Bangalore
Northern Trust, May 29, 2007