Shouldn't homebuilders know whether housing is recovering? The MSM and government keep telling us that housing has stabilized and is starting to recover. How come builders keep getting more depressed? How come executives like Bob Toll are selling stock rather than buying it? Maybe Bobbie can read a chart and knows that a tsunami of foreclosures will hit the market in late 2010 and all throughout 2011. Anyone who says that housing is recovering is a fool, a knave or a NAR shill.
"IT'S THE BEST TIME TO BUY" - National Association of Realtors 2005