Housing Market at a glance: Be very afraidThe amount of houses on the market and the death of Mortgage Backed Securities seems to be the elephant in the room once again, like 2008. Nobody is talking about it. Pundits dismiss it, cause "we had tighter loan requirements for 0% mortgages"; yeah and no anks want to hold those low-yield mortgage,s as the $SPMB chart shows. They'd rather buy your house back from you for half price after the crash. Get ready folks, it's about the get ugly fast.
