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survey of home buying interest soared to highest level since 1991

ecopal avatar
ecopalBeach Fanatic
1,581 views
The UofM consumer sentiment measure (October's) is now at highest level since March 1991. This often signals that the actual bottom will not be reached for another 6 months to a year. Also the higher the backlog of inventory the longer it will be before the actual bottom price is achieved.

The realization of the actual bottom pricing will depend on local factors especially the peak amount of inventory which must be pared back at least 36% before the bottom can be reached.

Exogenous factors such as hurricanes and the global and national economy could also slow this bottoming out period. There are some worrisome underlying economic risk variables which should be carefully considered- I am sure SHELLY will be more than happy to tell you about them.

Replies

3
SHELLY avatar
SHELLYSoWal Insider
#2
Exogenous factors such as hurricanes and the global and national economy could also slow this bottoming out period. There are some worrisome underlying economic risk variables which should be carefully considered- I am sure SHELLY will be more than happy to tell you about them.

Worrisome underlying economic risk variables??? :shock:

:idontno: No worries....it's nothing that a Democratic congress and senate can't turn around in 6 months.

:roll:


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ecopal avatar
ecopalBeach FanaticAuthor
#3
Worrisome underlying economic risk variables??? :shock:

:idontno: No worries....it's nothing that a Democratic congress and senate can't turn around in 6 months.

:roll:


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Thanks SHELLY, I feel better already.
:floor:
HansBeach Comber
#4
.....keep watching them there...ahhh..."Survivor" show,....might'a come im pretty handy down the road.
Hans,...up there in them northern woods, practicing already.

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