The "Oh Crap" Moment For Housing Is Now In The Can | Zero Hedge:"Real estate guru Mark Hanson updates his housing view following this week's dismal housing industry data:
Sept. Pending Sales... the largest MoM drop since Sept 2001... not 2011... yes, 2001.
Don't let them tell you 'this is normal for Sept'.
The 'oh-crap' moment is now in the can.
Going forward, "Existing Sales" volume will disappoint on a YoY basis for several quarters.
There is no way around it..."
2 comments:
Do you not know how to read a graph? You don't see the annual drops in the Fall? It is the overall slope going upwards since 2011. You really like to invoke baseless fear, don't you. What will you say when things start going up again?
Hey, annon.
I'm a great graph reader and the graph clearly shows a monster MoM drop.
The largest since 2001.
Get it?
You need more help?
Or you just makin' up stuff?
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