Agoracom Blog

US Real Estate Is In Big Trouble

Posted by AGORACOM at 9:38 AM on Wednesday, March 30th, 2011

I’ve been relentless in my blog / twitter posts that – contrary to fluff predictions – US real estate was nowhere near a recovery.  Why? I don’t need charts, graphs and stats to tell me

  • Americans are either broke or sitting on their cash.
  • Americans don’t have access to credit
  • “Shadow” Inventories Aren’t Very Shadowy (my word)
  • Americans aren’t stupid and are not buying into US government fluff statistics

What I do need a chart for is to illustrate the proof is in the pudding.  US real estate continues to remain in trouble – and god help homeowners if the Fed doesn’t come through with QE3.

Courtesy of BusinessInsider.com

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