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When Will Housing Recover? How About in 2011
Ask someone when housing will return to normal and you will likely hear forecasts ranging from a few years to never. Why? The usual litany of conditions – especially weak employment. And now mortgage rates are over 5%! So, what about this proposition: That 2011’s housing market could be better than expected – even... »
Foreclosure ‘Mess’ Negatives Are Exaggerated and Positives Are Ignored
Typical of this year’s one-sided analyses, the foreclosure slowdown is being dressed up as a terrible blow to both the real estate market and the banks. Not only are the adverse effects overstated, but also there is little mention of the beneficial effects. Looking at what’s happening without the hype shows a much less... »
The New Housing Subsidy: Affordability
You would think today’s mortgage rates of near 4.5% would bring happiness. Instead, some see the low rates as a sign of housing’s weakness, a measure of buyers’ difficulty in getting mortgage loans and/or an indicator of coming deflation. The rate decline does offer good news as we move into the summer home selling... »
The Wall Street Journal Gets House Price Trend Wrong – Interprets Case-Shiller Data Incorrectly
It happens. Reporters, because they cannot be financial experts in all fields, take a press release and misinterpret the data. However, the problem this time is serious because: House prices are an important, sensitive indicator to investors The data misuse gives an exact opposite conclusion to what is actually happening There is no excuse... »
Housing Problems Are Dissipating and Fragmenting – Think About Buying
I just saw an article saying the stock market’s run-up is ignoring housing’s problems. That supposition is wrong on many counts. »
John Tobey on Seeking Alpha
