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Hissssssss
Lots of evidence that the housing market is slowing; prices are not rising as quickly as in the past, inventory is building and perhaps most tellingly insiders are selling shares of home building firms at record pace.
Some analysts say that the share sales by home builders are reminiscent of the heavy dumping of stock by technology company executives just before the technology bubble burst in 2000. For that reason, the staggering level of insider sales has analysts and investors wondering if home builders see something menacing on the horizon, like a cooling of the real estate market.
Posted by Alex Tabarrok on October 5, 2005 at 07:10 AM in Economics | Permalink
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» HIsss (via Marginal Revolution from Financial Rounds
Insider trading is a good example of a "costly signal" sent by managers. However, while trading patterns of insiders provide information, a lot of research has shown that insider sales are typically much less informative than insider purchases. This... [Read More]
Tracked on Oct 5, 2005 2:39:26 PM
» HIsss (via Marginal Revolution from Financial Rounds
Insider trading is a good example of a "costly signal" sent by managers. However, while trading patterns of insiders provide information, a lot of research has shown that insider sales are typically much less informative than insider purchases. This... [Read More]
Tracked on Oct 5, 2005 2:41:25 PM
