World-News

Dean Baker reports: "The inventory of unsold new and existing homes both stand at record highs. The 4,200,000 stock of unsold existing homes is more than a year's supply at the pre-bubble sales rates of the mid-90s. Furthermore, the surge in foreclosures ensures that a large additional supply will be entering the market well into 2008."

http://www.truthout.org/docs_2006/060807H.shtml



http://freepage.twoday.net/search?q=housing+bubble
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Dean+Baker