Sunday, November 18, 2012

More Signs of Bernanke Magic Money Manipulation of the Housing Market

Coming soon to a housing market near you.

Orange County had 4,199 homes for sale as of Oct. 12, according to Thomas’ most recent report, out last week. During the following 27 days, 3,179 homes went into escrow, or 76 percent.

That’s the highest proportion of homes selling since June 2005.

The highest in Thomas’ eight-year database was March 2005, when 88 percent of listings went into escrow.

The low point was 6 percent in December 2007, when just over 1,000 out of 16,769 homes for sale went into escrow.

(Via Orange County Register)


  1. History: First time tragedy, second time farce.

    Bernanke will move heaven and earth to reinflate the housing bubble. He will probably have some success.

    But unless banks are going to be offering zero down loans to people with no credit and minimal income, it isn't going to be much of a bubble.

    That said, housing prices CAN go up. It's just that the price of everything else will be going up at the same time.

  2. At least you get it. Mark Perry cites this as great news of a recovery.