Re: Business Week Magazine's take on the housing meltdown
Unfortunely that is true. I can't change that. Just as people who bought stocks when the DOW was at 14,000 get hurt if they have to sell now. But buying now is the right thing to do as an investor.
Another indicator right in TV. For over a year I have been tracking the resale market there very close. One measure I use is the total number of resales and the number pending. You can get both very quickly on the Villages web site. This only shows VLS homes but I am just using it as an indicator. The total numer on the market of VLS listings has been running around 415 to as high as 450. The number pending has been as low as 20 and average around 40. In the last month it has dropped as low as 390 on the market and as high as 80 pending. Today 393 on the market, 78 pending. TV resale market is moving as well. And I don't think TV has stopped building new like the rest of the country. I would project Villiages prices will start to rise within 90 days.
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