Saturday, December 17, 2011

Surprise!

Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought.

[...]

The depressed housing market is one of the key obstacles to strong economic growth and an oversupply of unsold homes on the market continues to stifle the sector.

  CNBC
Yes, and thanks to all those banksters who foreclosed on so many people, leaving empty houses, depressing neighborhood property values to boot.

...but hey, do what you want...you will anyway.

And CNBC has ranked the “10 most vacant cities.”

10. Kansas City, Missouri
9. Houston, Texas
8. Detroit, Michigan
7. Dayton, Ohio
6. Baton Rouge, Louisiana
5. Atlanta, Georgia
4. Memphis, Tennessee
3. Toledo, Ohio
2. Indianapolis, Indiana
1. Tucson, Arizona

Of course, Tucson has recently had all its immigrants kicked out. Or is that not right?

No comments: