[MN-Born-n-Raised]

See A Movement By The People To Prevent The Reappointment Of The Fed Chairman (Bernanke's Failed CNBC Predictions From*2005-07) - Home - The Daily Bail

How can anyone trust Ben's crystal ball??

[SportyandMisty]

Originally Posted by MN-Born-n-Raised

See A Movement By The People To Prevent The Reappointment Of The Fed Chairman (Bernanke's Failed CNBC Predictions From*2005-07) - Home - The Daily Bail

How can anyone trust Ben's crystal ball??

At this point I think it is safe to assume no one knows what buttons to push or levers to pull to fix the economy. It is quite possible that there is nothing that can be done to accelerate a recovery.

I think you give the office of Chairman of the Fed too much credit. When you take a look at what the Chairman of the Fed does over and above a the other board members, it is not much beyond writing & publishing the written agenda ahead of time.

[MomMom]

Just saw this on the news


Las Vegas home sales, prices see November gains after recent slide


"The slide in home prices and sales in Southern Nevada that raised concerns a month ago about the future of the housing market has halted for now."


Las Vegas home sales, prices see November gains after recent slide - Wednesday, Dec. 8, 2010 | 11:04 a.m. - Las Vegas Sun

[007 license to sell]

Housing prices and some condo prices are going up, the banks are manipulating inventory and prices.
Here is the latest prediction for foreclosures, housing prices and inventory levels.
Survey: Foreclosure scandal will delay recovery

The robo-signing scandal is going to delay any recovery in the housing market until after 2012, a survey from online real estate firms RealtyTrac and Trulia.com revealed.

[007 license to sell]

This is important information regarding the foreclosures in Vegas and their effect on surrounding properties. As a buyer or a home owner you need to know this especially if your purchasing in a area that has high foreclosures going on. On going foreclosures could effect the value of your newly purchased property in the future,causing the value to continue to decline.

Foreclosed homes a bane to neighbors in Las Vegas Valley communities Dec. 10, 2010 By Stephanie Tavares Just how toxic are foreclosures to those homeowners who pay their mortgages?

[khuntrevor]

I just saw the new assessment (11-12) on my old condo in Summerlin. Down 9.23%.

[007 license to sell]

This article in todays RJ on a title company and how the housing gives a good insight on the current housing market.
Pluck, purpose help exec pilot title company through slump

[eventusstultorummagister]

With no evidence of sustained prices I am still waiting patiently for some substantial sign on which to base my optimism.


"Most experts expect the declines to continue through mid-year with prices on average to lose another 5 percent to 10 percent. The worst price drops will come from cities with a struggling economy and the highest foreclosure rates, while those with better job growth will fare better."

[Atlas1337]

I bought two properties in Vegas in 2010 and I'm probably going to pick up 2-3 more in 2011.

If you're a first time home buyer, now is the best time to get in.

3.5% down + 30 year fixed + Today's interest rates = free house.

With all the money printing the govt is doing, the price of the stamp on your last payment will be worth more than the enclosed check.

[youngblud]

That's entirely speculation. It could be a bottom, but it could also get lots worse. FWIW I heard an analyst say we're in the middle of a double dip in Real Estate.

I suggest, if you need a home, buy. Then again, I can't think of too many places to invest... maybe RE is as good as anything else right now. Or you could always try to find the next Amazon and Microsoft.

I got BP on the dip when things looked there worst. That was my last trade, then I used the money to help buy a Vegas home. Always something on the horizon if we have a little vision, but more importantly patience.

Prosperous new years!