HAPPY TALK, KEEP TALKIN' HAPPY TALK.....

YOU CAN TALK ALL THE HAPPY TALK YOU HAVE THE WIND FOR...

and when you're Blue in the Face...YOU have to sit down and face reality.

The real estate recession "AIN'T" OVER .................YET.

I quote from Mike Larson of Wiess Research Investments from this AM.

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I told you last week about the almost-6 percent drop in housing starts — to the lowest level since October — we had in March. Well, now we’ve learned that existing home sales also whiffed! 

Those “used” home sales fell 2.6 percent to a seasonally adjusted annual rate of 4.48 million in March. That was a worse than expected result, and the third time in the past four months that sales fell. So much for the vigorous housing rebound we keep hearing about! 

New home sales also dropped 7.1 percent in March. Plus, the slump in April builder confidence and buyer traffic that I also told you about foreshadows even-weaker results in the future.

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There WILL be more and more Short Sales and Foreclosures this year, next year and for some time to come....

Buy Apartment Buildings and Single Family Residences as an investment and give these displaced former homeowners a nicer place to live..

CALL ME!