Thursday, Nov 26, 2009

Bear food.

Huffington Post: Home Prices "Not Even Close" To Bottom: Barry Ritholtz (VIDEO)

"According to Ritholtz, the housing data show an "artificial move up," because the reports are largely built on seasonally adjusted numbers and because "areas that have the most foreclosures are seeing most of the activity." People buy foreclosed-on homes and then flip them, resulting in double counting and the "illusion of activity.""

Posted by rumble @ 03:31 PM (3075 views)
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