Housing bulls are coming out of the woodwork just as housing is about to collapse for the second time. New Home Sales at Record Low Housing sales, housing starts, and mortgage refinancings have all collapsed along with the expiration of home-buyer tax credits. Yesterday the Census Bureau report on New Residential Sales in May 2010 showed sales of new single-family houses in May 2010 collapsed to a seasonally adjusted annual rate of 300,000. Roof Collapses on Housing …

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Inane Thoughts of the Day: CNNMoney Article says "Housing Shortage is Coming"; Coldwell Banker CEO says Now is the "Absolute Best Time" to Buy a Home