http://briansullivan.blogs.foxbusiness.com/2009/08/04/pending-home-sales-rise-again-but/ FOXBusiness Wed, 10 Mar 2010 21:33:24 -0500 http://wordpress.org/?v=2.8.6 hourly 1 http://briansullivan.blogs.foxbusiness.com/2009/08/04/pending-home-sales-rise-again-but/comment-page-1/#comment-6198 CA SUN Tue, 04 Aug 2009 21:44:32 +0000 http://briansullivan.blogs.foxbusiness.com/?p=2250#comment-6198 The Banks are artificially building demand by limiting the supply of REO homes that they own, and are holding for a better price. Compare the number of foreclosures with the number of houses on the market. These banks would be bankrupt if they sold off their inventory at current prices. This is definitely NOT the bottom. I predict 2Q 2011 as the bottom of the market. The Banks are artificially building demand by limiting the supply of REO homes that they own, and are holding for a better price. Compare the number of foreclosures with the number of houses on the market. These banks would be bankrupt if they sold off their inventory at current prices. This is definitely NOT the bottom. I predict 2Q 2011 as the bottom of the market.

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