"Yesterday I notified, In Case You Didn’t Get The Memo, The US Is In a Real Estate Depression That Is About To Get Much Worse. Today I will show specifically how things will get much worse. The numbers came out for new home sales today, and they were atrocious – and that’s after a downward adjustment for the previous month’s numbers. Follow the chart with the pretty colors below, keeping in mind that many economists believe that new housing construction is a pre-cursor to economic recovery."
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