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Broken.
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Bending.
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Bent-up.
February 8, 2011
Pent-up Housing Demand Will Soon Rip Loose
Once financing becomes more available, he expects to see a “tsunami” of home sales as the pent-up demand is finally expressed.
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Source Data:
St. Louis Fed: Residential Investment Custom Chart
St. Louis Fed: Household Debt Custom Chart
St. Louis Fed: Oil Custom Chart
St. Louis Fed: New One Family Houses Sold
2 comments:
http://research.stlouisfed.org/fred2/graph/?g=6Op
Just brutal. The 2000s run-up was greater than the 1990s run-up.
Troy,
Brutal?
I don't see the reason for concern. Everything will be fine once we get back to 1960-1980 levels in your chart, lol. Sigh.
Sarcasm!
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