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: Instapundit.com

HOUSING COLLAPSE may have been worse than thought: ?An over-count of home sales may mean that there?

By Glenn Reynolds

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HOUSING COLLAPSE may have been worse than thought: “An over-count of home sales may mean that there is a bigger backlog of unsold homes and that it will take longer for the U.S. housing sector to climb out of the deep hole it is already in, dragging on the broader economic recovery.”

UPDATE: Danger, Will Robinson, Danger!


Full post as published by Instapundit.com on February 22, 2011 (boomark / email).

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