Comments on: Housing Market Resurgence or Political Spin? Reality Check

By: Ruthmarie Hicks

Ruthmarie Hicks — Tue, 27 Oct 2009 04:20:58 +0000

Ok, I used to deal a lot with statistics when I was a dweeb in a laboratory. I’m still a dweeb – so Lani, I’m with you on the housing start issue. 1%??? Statistics tend to have a normal variance and oscillation and 1% is probably just that. Normal variance that may indicate that things aren’t getting worse – which in and of itself might be some form of good news.

But to my feeble mind the notion that low housing starts is bad for housing makes no sense. New housing is the last thing we need with high inventories. The fact that housing starts are low and staying that way can only help in soaking up the overhanging inventory of existing homes.

As far as the market is concerned, I think the Fed will keep the lid on interest rates until we are into a recovery. In many ways we are still in deflationary mode, so I’m not as worried about the debt that is being taken on. The biggest mistake Hoover made was NOT spending money when the Great Depression took root. The Fed is doing the right thing and as much as you hate to hear it – so is the Obama Administration. However, once recovery starts – the Fed will have to take away the punch bowl before a hint of a party starts. They will start to tighten and that will keep housing prices down for some time to come.

Heck, we don’t need the market of 2005 again – GOD FORBID!!! Please! I have a dream….Just a normal health bubble-free market when we finally do recover.

By: Kevin Forrester

Kevin Forrester — Fri, 18 Sep 2009 20:44:54 +0000

Is the reported housing recovery fact or fiction? http://bit.ly/FFPgE

By: Jason Moore

Jason Moore — Fri, 18 Sep 2009 19:59:02 +0000

Great thoughts on the current real estate market. http://bit.ly/XrCrF

By: I Know I’m Supposed To Be A Cheerleader, But… « Kansas City Real Estate & Investing

Fri, 18 Sep 2009 19:25:41 +0000

[...] Agent Genius: Housing Market Resurgence or Political Spin? (Realtors come together to discuss the current housing market…the comments are worth reading, too.) [...]

By: Fred Romano

Fred Romano — Fri, 18 Sep 2009 13:20:46 +0000

I really don’t think we have hit bottom at all. What happens when the banks flood the market with the next wave of foreclosures? Values will come down more and resales will be harder to sell. I think we are in for a long bumpy ride folks.

By: John Macy

John Macy — Fri, 18 Sep 2009 04:08:10 +0000

Housing Market Resurgence or Political Spin? Reality Check | Real ... http://bit.ly/52GDV

By: Steven Beam

Steven Beam — Fri, 18 Sep 2009 00:31:37 +0000

Sure – I agree 100%. They have been spinning this since the beginning of summer like my daughter and her hula hoop. where they were once grasping at every nugget to exploit the bad news they are now doing the same for every nugget of good news. Shame on the media but shame on us too for listening. It amazes me how they can dramatically change the thinking of this entire country with a few weeks of news reports. Where I was once hearing doom and gloom from clients I now hear the market has turned. I wish. It hasn’t happened though. Best to you all!

By: Aubrey Kipp

Aubrey Kipp — Fri, 18 Sep 2009 00:18:16 +0000

on Real estate: Housing Market Resurgence or Political Spin? Reality Check | Real ... http://bit.ly/hKcQf

By: Jeff Allen

Jeff Allen — Thu, 17 Sep 2009 23:30:09 +0000

Great discussion on whether or not the recent uptick in market activity is an oasis or a mirage: http://cli.gs/AgHvX I lean towards mirage.

By: Chris Lengquist

Chris Lengquist — Thu, 17 Sep 2009 22:51:58 +0000

And now they want to extend the first time home buyer credit. Till when? With my client base this has actually hurt me more than helped. And besides, the reason I don’t think you are seeing a lot of people rushing to complete their first home purchase before Nov 30 is because we’ve pretty much drained that lake…at least for the foreseeable near future.

I’m more than happy we may have hit bottom. Because my biggest fear was next he’ll want to nationalize my house.