User: Brian Ripley: U.S. Housing: Picture
In the Front Door and Out the Back
U.S. Real Estate cash proxy buyers (IYR) are selling into what looks like a top set last week while 10 Year Yields ($TNX) take another step up from the low set back in July 2011. And short term flipping of real estate held for 6 months or less is at the highest levels comparable with 2004-05. Get in, get out, don't overstay because there is negative yield if the property is held. More at www.chpc.biz
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