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 Show Housing's Fragile Recovery-WSJ 0 comments
    Jun 22, 2012 10:23 AM

    Today's housing news contributed to the market route but I don't think the number were as bad as some people think. Sales of existing homes were still up 9.6% from last year, and although they were down sequentially, inventories are low limiting sales opportunities. It is going to be a tough slog especially with all of the drama and concerns over Europe, and its impact on the U.S economy. Many buyers who couldn't buy quick enough in a rising market, are going to try and pick a bottom that has likely already passed. As confidence and employment improves, housing prices will pick up with greater ferocity. Their is huge pent up demand that I believe people are underestimating, as a whole generation of first time home buyers experienced a trauma which has impacted their buying decisions, but hormones are hormones and eventually houses will be bought. It is all a function of supply and demand.

    http://online.wsj.com/article/SB10001424052702304441404577480941855718990.html?mod=WSJ_hp_LEFTWhatsNewsCollection

    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

StockTalks

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.