Dave Kranzler believes that the recent boom in housing, compliments of the Federal Reserve, is all but over. It all seemed too good to be true and it was. The shadow inventory is rising and home sales are dropping. This in spite of the fact that mortgage rates have come back down. The hedge funds appear to be getting ready to start disposing of their home inventories. Home flippers also appear to be backing off. All of this bodes badly for the real estate market. Of course there can’t be a real estate recovery without an employment recovery.
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