Seeking Alpha

More on Pending Home Sales: At 104.8, the index is up 13.2% Y/Y and - taking out spikes...

More on Pending Home Sales: At 104.8, the index is up 13.2% Y/Y and - taking out spikes surrounding tax credits - at its highest level since March 2007. Gains were led by the Midwest and the South, but the West and Northeast both saw small declines last month.
Comments (3)
  • Tack
    , contributor
    Comments (14316) | Send Message
     
    Awfully quiet here. Where are all the housing bears?
    29 Nov 2012, 10:29 AM Reply Like
  • wigit5
    , contributor
    Comments (4248) | Send Message
     
    Just started the process to short sell my old place, prices have actually gone down in the are despite most of the country seemingly in an upward trend...

     

    Hopefully it works out will be nice to get this sunk fund off the books.
    29 Nov 2012, 01:07 PM Reply Like
  • Playing the Ponzi
    , contributor
    Comments (141) | Send Message
     
    Still here, Tack. I hope and expect a housing rebound to continue. Like many, my house is my single biggest "investment" stake too, so I'm certainly rooting for it. :)

     

    I just think better news is priced into ETF's like IYR and ITB than will be justified in the coming months. That doesn't require that houses stop being built or start selling for 20% less, just a little miss on the 100% price increase that's been priced into those securities via expectation.
    29 Nov 2012, 01:36 PM Reply Like
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