For enjoyment, from Jim the Realtor Bubbleinfo TV:Two Grandmas (at the bottom or link here).
The first house is way overpriced, and although we are seeing more inventory, some of it is OPT (Over Priced Turkeys).
Wednesday:
• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. Expect another sharp drop in refinance activity.
• At 10:00 AM, the Monthly Wholesale Trade: Sales and Inventories for July. The consensus is for a 0.3% increase in inventories.
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