Worst June New Home Sales Since 1982

07-29-2009 • Ritholtz.com/blog

Most of the Media and Wall Street economists have had the inherent tendency to get this data wrong . . . the latest batch of releases is no different . . . Consider these charts before you conclude that Residential RE is improving:

1 Comments in Response to Worst June New Home Sales Since 1982

Comment by Lucky Red

Entered on: 7/29/2009 8:20:25 AM

But...but...but...just this morning I woke up to reports all over the news and the net that we're back on track and selling more houses than ever. Could those sources be wrong? Could they be lying? Could we all be bamboozled by the ruling elite?

NOOOOOOOOOOO! I refuse to believe any such thing. My government cares for me! My government loves me! My goverment would never, ever do anything to harm me!

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