Interesting realtor take on the current housing market:

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Homebuilder confidence stuck in prolonged slump not seen since foreclosure crisis

(TNND) — Another report pointed to weakness in the housing market, as builder confidence fell two points to a Housing Market Index reading of just 35 in June, according to the National Association of Home Builders.

Fifty is the break-even point in the 0-100 Housing Market Index scale, so 35 is squarely in pessimistic territory.

The NAHB said Monday that June marks the 14th straight month that builder sentiment has stayed under 40, a streak not seen since 2011 and 2012 during the foreclosure crisis.

Builders are surveyed on current and expected sales, as well as how much foot traffic they’re getting from prospective buyers. All three index components were within a range indicating unfavorable conditions for builders, with the customer traffic component especially low at just 25.