There is no Canadian Housing Bubble!

[maui1]

how in the world does our home market get fixed, when we (our gov't) keep (s) braking it?

[usaone]

Do you have a link?

[maui1]

Do you have a link?

have you heard of goggle? geezzz you are completely helpless

usa- if frank- does not state something that you can parrot, you have nothing of value to say. like repeating "a good time to sell gold" over and over again.

[lifewasgood]

really? is this really what we want from our gov't? i mean.......REALLY?

It is the "System" we, our fathers and grandfathers have allowed to evolve because we choose not to care about anything other than ourselves. Our government is so large and so centralized that it is unaccountable and we the tax paying voters are so fragmented and therefore weak, we cannot change the status quo. Exactly what our constitution tried to prevent has happened and we are powerless to change.

[maui1]

like bombing anyone for anything that we don't like, at any time?

[maui1]

xyz- i hated what bush did to us and i hate even more what obama is doing, because it is exactly the opposite of what he said he would do if he got in office. he was supposed to get us out of war, not add to our wars. for this.........i hate the guy! he is killing our troops as well as other countries peoples, for a reason that is unconstitutional, not to mention, morally wrong.

you can't state a humanitarian reason for our invasion of libya, not to have it conflict with all the other countries that are having their citizens killed for political reasons. why have we not invaded all these others country's in support of stopping their killing of their citizens?

people of the world see this contradiction in policy and know that the american gov't is imperial at it's core, and will take it out on us (the american people) the only way they can, and that is thru terrorism. our gov't is putting every american at risk, financially as well as physically.

[Aman A.K.A. Ahamburger]

itstippy that's an interesting story about the "hot rod" family. I also really like your thoughts on the "boomerang" kids and the affect that cold have on the McMansion market.

This is some great news..

Fewer Americans Struggling to Pay Mortgage:
www.dailyfinance.com/rtn/press/fewer-americans-struggling-to-pay-mortgage/rfid430794203/?channel=pf

[maui1]

i read the article, and don't see it as "great news". funny how perception is everything.

in fact, i read ............one poll number was offset by the other and that we are just bumping along the housing bottom, with no way to know, in what direction the future holds.

[lifewasgood]

I didn't see much good news in the article either. It appears the beginning of the article was intent on presenting a Rosy picture but the rest of the article was actually depressing and bad news.

[maui1]

i guess, it you want to see something so badly, you will see it.........no matter if it is there or not.

or, as i am beginning to believe......some people just can't understand what they read.

[lifewasgood]

Or too many

[Aman A.K.A. Ahamburger]

Apr 7, 2011 7:50:42 GMT -5 @maui1 said:

i read the article, and don't see it as "great news". funny how perception is everything.

in fact, i read ............one poll number was offset by the other and that we are just bumping along the housing bottom, with no way to know, in what direction the future holds.

You are now saying that we are bumping around the bottom, and you don't see the great news??

The news is that it seems like the people who are in their homes are staring to see light at the end of the tunnel. That is the great news.

Things are slowly getting better, that is the great news.

I like to read unbiased material, don't know about you two though, seems like you have a problem with it.

[verrip1]

Lenders aren't accepting any significant risk. Why not? They can borrow so low and so easily, why take on risk? The current subprime loan market now has borrowers who used to be prime borrowers. Lenders today don't want risk nor do they want leverage, and they particularly don't want to hold foreclosed properties.

Cash is king. Borrowers must pay.

[usaone]

Apr 7, 2011 22:21:27 GMT -5 Aman A.K.A. Ahamburger said:

Apr 7, 2011 7:50:42 GMT -5 @maui1 said:

i read the article, and don't see it as "great news". funny how perception is everything.

in fact, i read ............one poll number was offset by the other and that we are just bumping along the housing bottom, with no way to know, in what direction the future holds.

You are now saying that we are bumping around the bottom, and you don't see the great news??

The news is that it seems like the people who are in their homes are staring to see light at the end of the tunnel. That is the great news.

Things are slowly getting better, that is the great news.

I like to read unbiased material, don't know about you two though, seems like you have a problem with it.

Housing bottomed in FEB. That is good news.

[maui1]

Housing bottomed in FEB. That is good news.


just like you were sure that gold topped at 1420 on dec 21st?

usa- you really are the 'certain one', that is never proven right.

[Driftr]

Apr 8, 2011 2:42:44 GMT -5 verrip1 said:

Lenders aren't accepting any significant risk. Why not? They can borrow so low and so easily, why take on risk? The current subprime loan market now has borrowers who used to be prime borrowers. Lenders today don't want risk nor do they want leverage, and they particularly don't want to hold foreclosed properties.

Cash is king. Borrowers must pay.

Unless you're taking on non-dischargable student loan debt. They're still happy to lend that to anyone with a pulse.

[maui1]

lenders lend when the gov't insures the lending.

[Aman A.K.A. Ahamburger]

Blackstone Leads Record Property Push as Buyout Firms Diversify:
business.financialpost.com/2011/04/20/blackstone-leads-record-property-push-as-buyout-firms-diversify/

[maui1]

we won't find a bottom until the gov't stops clouding up the picture so the bottom can be seen........right now we are walking through a tunnel and there is no light that can be seen at the end of it.

[Aman A.K.A. Ahamburger]

That sucks wxyz.. Do you think it has anything to do with the fires?? BTW, are you going to be okay in all of this? I

maui1, that is exactly what a lot of people were saying in the early part of '09 about the markets. Just when things like the article I just posted started to happen.

[Driftr]

Not good news from Case-Shiller index:

Residential real estate prices dropped in February by the most in more than a year, a sign the U.S. housing market is struggling to stabilize.

The S&P/Case-Shiller index of property values in 20 cities fell 3.3 percent from February 2010, the biggest year-over-year decrease since November 2009, the group said today in New York. The decline matched the median forecast in a Bloomberg News survey.

“There is very little, if any, good news about housing,” David Blitzer, chairman of the Case-Shiller index committee at S&P, said in a statement. “The 20-city composite is within a hair’s breadth of a double-dip.”

The 20-city index fell in February to 139.27, compared with a recession low of 139.26, reached in April 2009.

[txmover]

Adding more fuel to the fire (so to speak) home sales/purchases are further depressed because corporate America is becoming less willing to relocate people who are in a negative equity position. In 2008-2010 companies were willing to accept the addittional costs with the negative equity challenge however I'm seeing a reversal on that. More temp assignments, business travel, virtual officing, and recruitment of renters to fill positions is adding to the slow and depressed home sale market around the nation. Interesting times to say the least.

[bga4444]

I work with a lot of Real estate agents in North Atlanta. They are telling me the only homes selling are bank owned/foreclosures. They are selling way below what is owed on them making it virtually impossible for a homeowner to sell their property and get a fair price on it!! I hear the bottom of the foreclosures has been pushed back to next year cause the lenders are violating so many laws they have had to slow it down and do it correctly!!

[Aman A.K.A. Ahamburger]

Well the weather improves as sales have followed. 7.3% increase in new home sales was a big surprise to lots , second month of gains, new home sales still are above last years lows, the lowest on record.

A little interest rate hike fear at this point would start making things interesting.

[maui1]

Any home purchased as your principal residence and located in the United States qualifies. You must buy the home after April 8, 2008, and before May 1, 2010 (with closing to take place before July 1), to qualify for the credit.

most home numbers will look good these next few months, because the are measured against the end of the 1st time home buyer's credit expiration.

[decoy409]

I guess somebody forgot to cover the whole deal here instead of as they say, 'patting wall street on the back'

While Wall St. may be patting themselves on the back as NAR’s existing home sales report beat expectations by 2% or 100K home sales, assuring everybody that a housing recovery is now imminent, the truth is, the data points to a significant and negative trend in home prices.

For now the fourth month in a row, NAR’s data is showing year over year price declines in housing with each month showing a larger deterioration than the previous. In fact, this latest report reveals the largest year over year decline (-5.9%) since October of 2009 (-7.6%).

The median home value now stands at $159,600.

The percentage of homes with negative equity continues to grow despite the most accomodative monetary policy in world history.

If home values are still falling now despite the Fed’s best, albeit academic, efforts to prop up the housing market, it is not too difficult to imagine how swift the collapse in home prices will be when the Fed is no longer able to manipulate long term rates and the free markets are finally able to unleash their wrath on Bernanke’s sins.

This latest disapointment on housing is merely the culmination of several previous housing indicators that were all pointing to an anemic Spring buying season for real estate.

[decoy409]

I know you probebly want a few examples so here is a list of them,

Real Estate - Shadow Inventory And The Elusive Recovery
Posted on May 23, 2011
The housing (and economic) recovery have become as elusive as the mythical and highly sought after unicorn. Unfortunately, unicorns, much like this recovery, do not exist. In the latest from the world of the surreal, the New York Times is reporting, gAs Lenders Hold Homes / Continue reading ¨

April Existing Home Sales Weaker Than Expected
Posted on May 20, 2011
About two months ago I wrote a post that the Spring/peak housing season was about to go out with a whimper. Well, here we are, in the thick of the peak housing season and the existing home sales market is on / Continue reading ¨

New Home Market Has Hit The Mat, And Itfs Not Getting Back Up
Posted on May 18, 2011
The new home market appears that it may be down for the count. The Census Bureau announced yesterday that seasonally adjusted building permits came in at 551,000, this is down 4% from the previous month and 12.8% from last year. / Continue reading ¨

The Unintended Consequences Of Government Intervention
Posted on May 14, 2011
This is one of the better videos that I have seen detailing the demise of the American standard of living over the past several decades. From housing, to healthcare, to education, and now ultimately to food and fuel, the private federal / Continue reading ¨

Mortgage Rates Hit 2011 Low As Home Values Rot
Posted on May 12, 2011
The mortgage bankers association announced yesterday that mortgage rates fell for the fourth consecutive week and are now at their lowest point since December of 2010 with the 30-year fixed rate mortgage sitting at 4.67%. Not surprisingly, as mortgage rates / Continue reading ¨

Pending Home Sales And The State Of The Housing Market
Posted on April 29, 2011
The NAR announced that their pending home sales index in March fell 11.4% year over year despite a 5.1% month over month increase to 94.1. For those that are keeping score, here is the scorecard for the housing market: According / Continue reading ¨

Case-Shiller: 8th Straight Month Of Home Price Declines
Posted on April 26, 2011
The S&P Case-Shiller home price index was released today and revealed that for the 8th straight month home prices have deteriorated. This supports the NARfs existing home sales report which shows four straight months of declines with each month posting / Continue reading ¨

March New Home Sales Off Of All-Time Low
Posted on April 25, 2011
The census bureau announced today that the March new home sales which represents contracts signed, not closed, rose 11.1% month over month to a seasonally adjusted annual rate of 300,000. However, the data represents a 21.9% decline year over year / Continue reading ¨

The Tide Has Vanished
Posted on April 23, 2011
With gold eclipsing $1,500 an ounce, silver going full steam ahead towards $50, and oil at over $112 a barrel, something doesnft quite feel right. Itfs tough for a lot of people to put a finger on it, in fact / Continue reading ¨

The Truth Behind The March Existing Homes Sales Report
Posted on April 20, 2011
While Wall St. may be patting themselves on the back as NARfs existing home sales report beat expectations by 2% or 100K home sales, assuring everybody that a housing recovery is now imminent, the truth is, the data points to / Continue reading ¨

goldsilverrealestate.com/?cat=7

And yes I do read the reports.

[decoy409]

#234 sums up the houseing and until reports come out adjusting the many above,well so much for rats.

[decoy409]

Say, where did the BRAINS run to? After all,that is a tall order there in #234 and a rat stated,

Quote from #231 - Well the weather improves as sales have followed. 7.3% increase in new home sales was a big surprise to lots , second month of gains, new home sales still are above last years lows, the lowest on record.
(end)

Why if it feces like a rat,it probably is a rat. And that rat crapped like a true rat.

[Aman A.K.A. Ahamburger]

Who is the rat?? Where? Get that rat!

It's all about the sales. As far as home prices, it's the opposite effect that we are seeing in Canada.

For instance..

New Survey Shows Local Real Estate Markets Heat Up With Investors:
www.stockwatch.com/News/Item.aspx?bid=U-prLA09043-U:MOVE-20110525&symbol=MOVE&news_region=U