re: #61 sattv4u2

It’s still a mixed bag, vis a vis housing

Among stocks in focus, KB Home /quotes/comstock/13*!kbh/quotes/nls/kbh (KBH 12.11, +0.00, +0.00%) shares gained 3.4%. The home builder’s fiscal third-quarter loss narrowed significantly on sharply lower write-downs, while orders declined again following the expiration of a federal tax credit. Deliveries rose, as did the average selling price of a home.

Housing is going to be lackluster for a long time. The housing bubble left us with a huge oversupply. What’s in the foreclosure pipeline right now is enough to keep prices low in most markets for another year, and that assumes new defaults slow down.

I don’t think people realize what a mess the economy was in back in September 2008. We were very close to a total collapse.