Ziad K Abdelnour - "Is This A Housing Scam Or What Exactly?"
Seeking Alpha Analyst Since 2013
We are told that there are only 1.74 million homes left for sale in this country and at current sales rates we'll run out of inventory in 4.2 months....You better buy now and not miss the boom in the making and before it's too late... Hilarious to say the least.
We must be running out of houses I guess. We need more houses built ASAP, before this becomes a crisis. The problem with this storyline for dummies? Existing home sales are falling. If there is an inventory shortage, why have new home sales fallen every month since May of 2012? Does this happen when you have a strong housing market? Do you believe the NAR inventory figure of 1.74 million homes for sale? The last time the months of supply was this low was early 2005 - during the good old days.
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