Has housing showed us it’s hand???
Posted by MC on Sep 3, 2009
Go there! USE IT!
What you can do is type in a city or for our purposes a state. Now look at the left column and compare the # of houses sold (believe it shows the last 6 months) to the # that are currently on the market. Most big markets through the plummet up till about a year ago were 1 sold for every 3-4 on the market. Things have handily reversed. So overall you now have about 4 houses sold for every 1 that is on the market currently. If ya ask me, that would likely signal the bottom in housing has been solidified.
Could all that be 1st time buyers using Obama’s gift money? IMO no way…4:1 can’t be all brand new homeowners. Some of the lift may be from that, but either way the point is housing is turning and churning again big time. Who cares about why, this is America and people asking the most questions and flinching the most tend to be late to the party or get left behind entirely. Define your data and go with the data, not what your feeling.
Some will say interest rates will go up and that’s bad. Interest rates rising should make people on the sidelines ACT! They have been stalking for better rates and procrastinating for quite some time. If the rates go up they are VERY likely to act and stop bargain hunting IMO.
Just another tool in the shed so to speak. GL 
