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User Info	But I Thought Housing was Saved? in forum [NotSoBreaking]
Krs Posts: 686 Incept: 2009-05-07 Colleyville, Texas	Quote: There is a consensus forming that the U.S. housing market may finally be on the rebound. Home prices are up 4-straight months, according to the latest S&P Case-Shiller index and Zillow's U.S. home value index increased for the first time since 2007 in the second quarter. But Gary Shilling of A. Gary Shilling is not convinced home prices have turned to the upside for good. "The fundamental reason is there is a huge excess of inventory out there," he tells The Daily Ticker's Henry Blodget. "Some of it is listed but a lot of it is a so-called shadow inventory." ---------- Fog, smoke, and mirrors... perhaps those tin-foil-hat wearing digital dickweeds were on to something? Tyler Durden on the Fed – Feb 28, 2013 2012-08-10 13:22:34 Permalink
Newcub14 Posts: 422 Incept: 2007-08-26	The fact that rates are at HISTORIC lows - roughly 1/2 off a more normal rate - and housing can barely keeps it neck out of the water imo is INSANELY bad. Rates at 5 or 6% [still low] - god forbid "higher" - would be a handle-jiggle on the bowl for the floating turd that is housing. 2012-08-10 13:29:36 Permalink
Eaglewwit Posts: 6054 Incept: 2007-11-30 SoCal Banned	We are simply in another government induced housing bubble. This is is magnitudes smaller than the previous one, but is no less a bubble. All the bubble trends exist. Mulitple bids on properties, housing going for more than aksing, bidding on a house before seeing it. Tulip mania is alive and well. The sheeple are so stupid and have such short memories it is amazing. 2012-08-10 13:33:18 Permalink
Cobra2411 Posts: 10338 Incept: 2007-06-26 Philly P.a.	The housing trend is positive but weakening. Part of the push has been 3% mortgage rates as well as a belief that one needs to buy now or be priced out forever. Lets see what the next 6 months looks like. ---------- To err is human. To really **** things up takes government. 2012-08-10 17:44:16 Permalink
Pietertvl Posts: 3589 Incept: 2007-12-05 NFA	There's always a spring to summer bump that makes it appear that the downtrend is reversing. ---------- "All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." ~ John Adams 2012-08-10 18:13:49 Permalink
Grf Posts: 1337 Incept: 2008-12-08	I just put down a contract on some more land. I anticipate being able to buy fixtures / material at firesale prices in the next year so I can build another house. ---------- "Every time we on TF talk about God and gays, God frees a banker and gives him a bonus." --me "Your farts are interstate commerce and if they want to stick a muffler up your ass they will do it." --Boughtthefarm 2012-08-10 18:34:08 Permalink
Dimahot Posts: 341 Incept: 2007-11-16	Signs of rising core inflation? Bernank will have to tighten sooner than expected. Roll out the rally monkey! 2012-08-11 12:41:43 Permalink