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Housing is mentioned in you link, although you chose to omit it from your snippet. It is also mentioned on every article you will find about the day's economic wrap up. And no, DOW was not down yesterday.
Bernanke pumping money into the market has a lot more sway with investors than another "we've hit bottom" with RE.
From the article:
"America’s housing-market revival looks sustainable in part because the sharp correction in house prices over the past few years has made homes cheap by historical standards. A year ago house prices were still falling, by 3.6%. There has been a turnaround since: the latest data show prices rising by 4.3%. But based on the ratio of prices to rents, houses are still 7% undervalued; judged by the price-to-income ratio, they are 20% below fair value. It also helps that mortgage rates are at historic lows and are likely to stay that way, since the Federal Reserve has promised to keep an extremely loose monetary stance for the next couple of years.
I invest in RE, so I see the numbers and the changes in the market. Which housing stats do you think they are lying about? Its easy to sling pessimist crap on the wall, but lets see you back it up. HappyTexan chose to not back up the claims he/she made.
I invest in RE, so I see the numbers and the changes in the market. Which housing stats do you think they are lying about? Its easy to sling pessimist crap on the wall, but lets see you back it up. HappyTexan chose to not back up the claims he/she made.
Realtors said the same exact thing in 2009, 2010, 2011, and 2012. How many bottoms can a market have?? One every year?? Not saying it's not true, just saying that every year is the rebound year.
Look at this article in 2009, realtors were either lying then or lying now. In any case, they are liars.
Realtors said the same exact thing in 2009, 2010, 2011, and 2012. How many bottoms can a market have?? One every year?? Not saying it's not true, just saying that every year is the rebound year.
Look at this article in 2009, realtors were either lying then or lying now. In any case, they are liars.
Again, which housing statistics are they lying about today? It is a simple question. Your article above does not seem to be saying what you think it is saying. It spectates the "market may be nearing the bottom". You know what? It was true. In 2009 the market was near the bottom. The prices did not fall much from 2009. Thank goodness now they are picking up from the bottom.
Again, which housing statistics are they lying about today? It is a simple question.
Ok so they aren't lying today, that means they've been lying every year for the past 4 years. You can't have a bottoming out and rebound every year, it's not logical
The housing market has been in recovery for awhile, but there is still a loooooooooooooooooong way to go.
Here is new housing starts.
Here is private residential fixed investment, which is spending on new homes and home improvements. We are recovering, but we have a looooooooooooooong way to go.
Ok so they aren't lying today, that means they've been lying every year for the past 4 years. You can't have a bottoming out and rebound every year, it's not logical
You r article from 2009 did not say we had found the bottom, it speculated that we might be near the bottom. It admitted there was still trouble in the market, but today the numbers are good. In S.Florida it is getting hard to find deals anymore, and when you spot one, it is gone in a day to an all-cash buyer. The game is back on. The value of my own house is up over $50K
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