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ari5000

10/24/07 4:16 PM

#84914 RE: timhyma #84912

maybe homebuilders will rally tomorrow...
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lentinman

10/24/07 4:53 PM

#84920 RE: timhyma #84912

Timhyma:

"Southern California is over 1500 homes shorter due to the fires:"

Keep in mind that 1500 is a drop in the ocean to the number of houses on the market. In those specific areas, it might be a short term boost, but nationally, there are 4,400,000 homes on the market right now according to the NAR - which is biased and has every reason to understate the numbers. Nevertheless, assuming they can be trusted, 1,500 is 3 tenths of 1% of the inventory.

Of course I wouldn't want to presume that objective fact would stand in the way of some homebuilder hype - which is likely to come.

Len