Comments on: Why Wall Street is Missing the U.S. Housing Recovery

By: How the Woes of the Wealthy Can Guide You to Global Investing Profits

How the Woes of the Wealthy Can Guide You to Global Investing Profits — Thu, 02 Jul 2009 10:02:36 +0000

[...] Money Morning Real Estate Market Analysis (Part II of II): Why Wall Street is Missing the U.S. Housing Recovery. [...]

By: "Hyper-local" Stats Show Housing Market Has Bottomed

"Hyper-local" Stats Show Housing Market Has Bottomed — Mon, 01 Jun 2009 20:31:41 +0000

[...] Money Morning: Why Wall Street is Missing the U.S. Housing Recovery [...]

By: Better Yeti

Better Yeti — Thu, 07 May 2009 17:55:27 +0000

Oh. My. God. This author is a total idiot. He has no idea about foreclosure rates, NOD escalations, shadow inventory (properties in default that banks haven’t bothered to put back on the market), and lending standards. Just stunning. Complete and total moron.

[Of course, whenever somebody flies a "III" after their name, everything that comes after is highly suspect...]

By: Is the Stock Market Rally For Real?

Is the Stock Market Rally For Real? — Wed, 06 May 2009 10:01:48 +0000

[...] crisis that’s grown out of that nightmare of bad debt and parsimonious lending. There’s a belief that the U.S. housing crisis has reached bottom. Even Money Morning’s Hutchinson says that the rate of decline in the U.S. economy has almost [...]

By: Three Ways to Profit As Taiwan Rebounds From the Financial Crisis

Three Ways to Profit As Taiwan Rebounds From the Financial Crisis — Tue, 05 May 2009 10:01:26 +0000

[...] a few well-run countries avoided the fallout from the U.S. housing debacle – as well as the fiscal-and-monetary-stimulus mess that followed. And although they have been badly [...]

By: Cynic

Cynic — Wed, 29 Apr 2009 15:19:04 +0000

Not sure whether this is a paid advertisement….or whether the author William Patalon III needed to make a deadline to fill his column. What a crock! Print this aritcle Mr. Patalon the III and send it every year to all your readers….what about fifty or so?? ….and then send one time stamped and sealed to the “amazing Kreskin Andrew Waite” What do you use for research besides your own opinion…an Ojigii Board??? Sounds like a mirror of realtors or that Baffoon Bill Watkins at UCSB that spoke of the bullet proof Santa Barbara mkt for ten years untill someone pulled the equity loan on his home. Contrary to Waite who finds water with a divining stick…the high end markets are just starting to crack. The rich are looking at their trust funds ……like the Getty ….and are saying…..yikes…..maybe its not worth what that moron Waite and Watkins have been saying all along…..honey lets sell this dump. Well over fifty percent of the homes selling are bank owned…….only 5% are listed on the MLS …..huh???
How could that be??? The banks are not talking about the trillion dollars of ARMs that are re-setting just this month…..I repeat……just this APRIL……..!!!! With the job market plummeting……Arms resetting……banks holding back all the inventory of taken back junk…..and morons like Waite and NBR Watkins…..and all the other softheaded reporters like Patolon the III…..if you buy now into this “BOTTOM”……A FOOL AND HIS MONEY ARE ALWAYS……..SOON PARTED.

IDIOTS.

By: Latest Housing and Consumer Confidence Numbers May Point to a Sustained Economic Recovery

Tue, 28 Apr 2009 20:14:55 +0000

[...] Money Morning: Why Wall Street is Missing the U.S. Housing Recovery [...]

By: Earnings Reports Will Play a Key Role This Week

Earnings Reports Will Play a Key Role This Week — Mon, 20 Apr 2009 08:32:09 +0000

[...] Several economic reports will be worth a look, too. Home sales data for March highlight the economic calendar and analysts are eager to see whether February’s enhanced activity was the start of a trend or just an anomaly. Interest rates are down; home prices are low, first-time buyers have tax incentives to buy. Could the February and March numbers represent the start (continuation) of a housing rebound? It’s going to happen at some point, and don’t forget that housing expert Andrew Waite, the publisher of the Personal Real Estate Investor magazine, recently told Money Morning that the recovery is already under way. [...]

By: Chris

Chris — Wed, 15 Apr 2009 12:56:36 +0000

I also think the average home price should be no more than 2.5X the average income for the area…not 4.5 to 6.5X. Banks shouldnt be allowed to issue interest rates over 5% and in doing that people would have a smaller mortgage payment. Also at least 5% – 10% down, no exceptions unless you get help from being a first time buyer. The 20% is just unrealistic in todays economy. This is a mess and either way its going to hurt people who bought houses for short term investments or borrowed to much against their house and on the flip side it will hurt people wanting to buy a HOME not an investment in the future if prices dont drop.

By: Chris

Chris — Wed, 15 Apr 2009 12:47:47 +0000

I think housing should continue to drop to the pre-bubble prices. I own a house and have for 20 years. My daughter is a local teacher and is having a very hard time finding a decent house in a decent neighborhood. She makes $32k a year and the average home prices are floating around $140k. These are for decent homes, not good. The nice homes are going for $300-800k and the run-down homes in bad areas are going for $25-40k. She wants to buy a home to live in, not turn around and sell in 2 years. I think its ridiculous that we have so many people saying we need to save housing but in reality we need to let it go back to normal. My house has gone from $140k in 1997 to over $400k today (appraised value). It was nice to think about but I never once thought about selling or BORROWING against my house. Housing needs to drop and drop big.