Sure looks like more declines ahead. Housing as an investment? Nah.
UPDATE 6/4/10: "Credits just shifted demand forward. Price gains not sustainable- Fannie Mae Economist." Story here.
Guess I'm not the only one who thinks so.
Sunday, May 30, 2010
Housing: The Temporary Reprieve
Let's see. A home-buying credit? Check. A second round of home-buying credits? Check. Tax write-offs of losses for builders? Check. State subsidies for builders? Check. Government "nationalization" of the mortgage origination market(Fannie, Freddie, FHA with 95% market share)? Check. What did all of this get us? Take a look! Here's the Case-Shiller Index of National Housing Prices for 1Q 2010. See the little bump in the graph for a few months? Is that all? Yep.
Sure looks like more declines ahead. Housing as an investment? Nah.
UPDATE 6/4/10: "Credits just shifted demand forward. Price gains not sustainable- Fannie Mae Economist." Story here.
Guess I'm not the only one who thinks so.
Sure looks like more declines ahead. Housing as an investment? Nah.
UPDATE 6/4/10: "Credits just shifted demand forward. Price gains not sustainable- Fannie Mae Economist." Story here.
Guess I'm not the only one who thinks so.
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always interested in what you have to say. thanks, Bruce
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