Seeking Alpha

Tim Travis'  Instablog

Tim Travis
Send Message
Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
  • Sales Of U.S. Existing Homes Increase As Market Stabilizes-Bloomberg 0 comments
    May 22, 2012 11:16 AM

    We've been pounding the table that the housing market has bottomed in the United States, and we received further evidence today with purchases of previously owned houses increasing 3.4% to an annual rate of 4.62 million. The market is seeing larger purchases get done and is becoming less needy for all cash transactions. Record low mortgage rates are having the desired effects. An increase in housing is the biggest potential upside story for the U.S. economy. If we can get rid of the excess inventory and start building at an adequate level that would really improve the employment picture.

    Themes: housing
Back To Tim Travis' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.