Yeah, THIS chart goes a ways to explaining THAT chart:
We’ve been worried about the housing taking a double dip. It is rather obvious that no matter what, the policies that have been put into place thus far have engendered NO trust and faith by the public. The housing stock already foreclosed upon is just sitting on the wings, held back by the banks so as to not lose more money. House buyers aren’t willing to ante up as they believe (and this would show why) prices will go lower. And those that would wish to relocate, can’t, because they can’t sell what they’re in now.
So, how’s that "leading from behind" workin fer ya if ya have a mortgage?
(H/T: Clusterstock)
