Doom and Gloom
Here is more depressing housing data. Housing predictions are worthless. The rise in interest rates is all you need to know about the housing market. If rates stay at this level the housing market is in trouble. In April I linked to a Bill Gross podcast where he predicted that rates would have to drop to 4% to stop the drop in housing prices. Let's hope he is right. (If you believe he's right now is the time to buy longer maturity bonds.)