More bad news for Republicans...a housing recovery is underway

[bigrebnc1775]

Property Prices in United States | American Real Estate Prices

chris eating the peanuts from obama;s shit

 

[bigrebnc1775]

Very good source

Construction Statistics: New Housing Starts Forecast, Construction Spending Statistics

Chris is pissed because he was not invited to obama's gay brigade party at the white house.

 

[Conservative]

4 Reasons Why the Housing Market Still Hasn't Recovered - Reason.com

It is somewhat naïve to conclude from this that housing is back. (Unless you live in the greater Washington D.C. area where construction is booming like its 2005.) Just this week the Federal Housing Finance Agency reported to congress that Fannie Mae and Freddie Mac are still in “critical condition” because of poor performance and the legacy of their bad loans in the last decade.

Part of the challenge in this debate is how a recovery is defined. I argue that it will be when foreclosures have been worked out of the system, negative equity is cleared away, and prices have stabilized. By that standard, we still do not have a housing recovery.

Argument #1: With record low interest rates everyone will be looking to get back into homeownership.
There have actually been “record” low rates for several years now, but the cheapness of a mortgage is only one factor in the home-buying process. Consider while mortgage applications are up with super low rates, nearly four out of five of those have been for refinancing, not home purchases. That is because household debt is still a massive deadweight on the capacity of families to buy a new home. At the same time, household wealth has been crushed over the past few years. Refinancing is not recovery, and low rates are not a sign of a positive future.

Argument #2: Housing starts and sales of new and existing homes all went up in April and May.
The shadow inventory still has millions of homes to clear away, and this means that prices will likely continue falling for the next several years, even if at a slow rate. Falling prices and continued foreclosure rates don’t qualify as a recovery, no matter how many homes people are buying relative to previous months.

Argument #3: The historically positive correlation between the Wells Fargo Housing Market Index (HMI) and Case-Shiller Housing Price Index suggests we are heading into recovery.
Demand for new homes is not the benchmark for recovery, so reaching a bottom on the HMI is also not the bottom of the housing market.

Argument #4: Homebuilder profits are up, leading to improved builder sentiment
Construction companies have been voicing their negative sentiment with their wallets and shedding jobs— about 50,000 since January. You would think will all that positive sentiment that builders would be gearing up for their great summer. But in fact, according to the Bureau of Labor Statistics, nearly 30,000 of those construction jobs dropped this year were lost in May, right when the housing market was supposedly taking off again.

And the part that really agrees with what I am saying...

Even if you put the good news into this calculation, the result is still nothing close to a recovery. At best there is light at the end of the tunnel. That light is several years away, though. It is absurd to think that housing prices have reached their bottom. It is equally absurd to think that foreclosures and underwater debt will not create massive headaches for the years to come. Don’t be deluded by a few positive stories. Stay buckled in, because destination recovery is still a ways down the road.

/end fucking thread

 

[Katzndogz]

The housing market is at a 15 year low
5 Housing Markets Where Renting Beats Owning - Real-Time Advice - SmartMoney

Libs look at every floating straw as a lifeboat.

 

[Chris]

Fun watch the right grasping at straws.

Meanwhile, I'm making a ton of money in real estate.

 

[Chris]

A shortage of homes available for sale could trigger either a sharp rise in U.S. home prices or a surge in new construction next year, predicted one of the country's leading housing economists in Denver on Friday.

U.S. home prices could rise 10 percent next year or housing starts could surge 70 percent to 1.2 million, predicted Lawrence Yun, chief economist of the National Association of Realtors.

"It is either starts or prices, not both," Yun told attendees in Denver for the annual conference of the National Association of Real Estate Editors.

Either home prices or housing starts will surge, economist predicts - The Denver Post

 

[old navy]

Do tell. My formerly high end development is now an Obamaville. It will take years to climb back.

 

[BDBoop]

Really? I woulda thought it was a Bushville.

 

[Liability]

Really? I woulda thought it was a Bushville.

BettyBlooper always seems to have bush on her mind.

Probably from hangin' so much with Sky.

 

[Conservative]

Fun watch the right grasping at straws.

Meanwhile, I'm making a ton of money in real estate.

Post #183

dumb ass.

 

[bitterlyclingin]

Tell me when the people a hundred thousand or more underwater on their house are above water so they can breathe again.
Michael Weatherly, you know him as NCIS's DeNozzo, just listed his Hollywood house for sale at 1.8 mil, he paid 2.2 for it.

 

[rightwinger]

That was all refuted in the thread, FOOL.

Not even close

Did you read the nonsense that was posted?

I post five god damn ;links that kick the bitches bullshit to the curb.

Which one showed that housing inventory is not down?

FAIL again my friend

 

[rightwinger]

4 Reasons Why the Housing Market Still Hasn't Recovered - Reason.com

It is somewhat naïve to conclude from this that housing is back. (Unless you live in the greater Washington D.C. area where construction is booming like its 2005.) Just this week the Federal Housing Finance Agency reported to congress that Fannie Mae and Freddie Mac are still in “critical condition” because of poor performance and the legacy of their bad loans in the last decade.

Part of the challenge in this debate is how a recovery is defined. I argue that it will be when foreclosures have been worked out of the system, negative equity is cleared away, and prices have stabilized. By that standard, we still do not have a housing recovery.

Argument #4: Homebuilder profits are up, leading to improved builder sentiment
Construction companies have been voicing their negative sentiment with their wallets and shedding jobs— about 50,000 since January. You would think will all that positive sentiment that builders would be gearing up for their great summer. But in fact, according to the Bureau of Labor Statistics, nearly 30,000 of those construction jobs dropped this year were lost in May, right when the housing market was supposedly taking off again.

And the part that really agrees with what I am saying...

Even if you put the good news into this calculation, the result is still nothing close to a recovery. At best there is light at the end of the tunnel. That light is several years away, though. It is absurd to think that housing prices have reached their bottom. It is equally absurd to think that foreclosures and underwater debt will not create massive headaches for the years to come. Don’t be deluded by a few positive stories. Stay buckled in, because destination recovery is still a ways down the road.

/end fucking thread

Still unable to differentiate the terms "recovered" and "recovery is underway"

FAIL

 

[Conservative]

4 Reasons Why the Housing Market Still Hasn't Recovered - Reason.com

It is somewhat naïve to conclude from this that housing is back. (Unless you live in the greater Washington D.C. area where construction is booming like its 2005.) Just this week the Federal Housing Finance Agency reported to congress that Fannie Mae and Freddie Mac are still in “critical condition” because of poor performance and the legacy of their bad loans in the last decade.

And the part that really agrees with what I am saying...

Even if you put the good news into this calculation, the result is still nothing close to a recovery. At best there is light at the end of the tunnel. That light is several years away, though. It is absurd to think that housing prices have reached their bottom. It is equally absurd to think that foreclosures and underwater debt will not create massive headaches for the years to come. Don’t be deluded by a few positive stories. Stay buckled in, because destination recovery is still a ways down the road.

/end fucking thread

Still unable to differentiate the terms "recovered" and "recovery is underway"

FAIL

still unable to read, eh RW?

FAIL

Thread title: More bad news for Republicans...a housing recovery is underway
Mt article and point: because destination recovery is still a ways down the road
The thread title states it is under way, while my article states it has not yet begun.

 

[bigrebnc1775]

Fun watch the right grasping at straws.

Meanwhile, I'm making a ton of money in real estate.

you're Jrunk

 

[bigrebnc1775]

Not even close

Did you read the nonsense that was posted?

I post five god damn ;links that kick the bitches bullshit to the curb.

Which one showed that housing inventory is not down?

FAIL again my friend

Show me what I posted
Or be the fail that you can be.

 

[Toro]

A shortage of homes available for sale could trigger either a sharp rise in U.S. home prices or a surge in new construction next year, predicted one of the country's leading housing economists in Denver on Friday.

U.S. home prices could rise 10 percent next year or housing starts could surge 70 percent to 1.2 million, predicted Lawrence Yun, chief economist of the National Association of Realtors.

"It is either starts or prices, not both," Yun told attendees in Denver for the annual conference of the National Association of Real Estate Editors.

Either home prices or housing starts will surge, economist predicts - The Denver Post

Yun is a shill for the housing industry.

Having said that, the two largest brokers in the Tampa Bay area have the lowest amount of inventory they've ever had.

 

[Old Rocks]

Here in Portland, Oregon, the amount of closed sales has doubled from this time last year. The inventory time to sell is down to 4.8 months, and now there are even bidding wars where the seller is getting more than the list price. A really radical change in a very short period.

 

[rightwinger]

Here in Portland, Oregon, the amount of closed sales has doubled from this time last year. The inventory time to sell is down to 4.8 months, and now there are even bidding wars where the seller is getting more than the list price. A really radical change in a very short period.

Don't tell the board conservatives it's a recovery.......it gets their panties all bunched up

 

[bigrebnc1775]

Hey Dude! Where are the homes for sale?

By Sarah Jullion June 18th, 2012
In the US there are currently 2.5 million homes listed for sale. This is the lowest number since 2006. Why is this, you ask?
Sarah Jullion Real Estate