Existing Home Sales Down By 2.6%

With existing home sales down by 2.6% in July, the “bubble-talk” is back (as if it went away anyway). I’m so sick of everyone talk about “a” or “the” Housing Bubble in the US or the UK or wherever, sometimes I wish the housing market would just crash and we’d get over with the whole thing. Anyway, here are a couple of interesting articles about the subject that I was actually able to finish reading, something that I haven’t been able to do in a while:

·         Aside from any moment in the past decade, there has never been a better time to enter the real estate market. Op-Ed Contributor:  Bubble? What Bubble?

·         Robert J. Shiller is arguing that the housing craze is another bubble destined to end badly, just as every other real-estate boom on record has. Be Warned: Mr. Bubble's Worried Again

·         There’s a thing that has always baffled me with the term “existing homes”, aren’t all home existing once they’re sold? I mean the term is used to differentiate it from new homes, which are also sold after being built and so at the time of the sale they already “exist”!

 

And talking about bubbles reminds me of Oil prices; check out this really interesting piece: The $10,000 Question