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  • Homebuilder Stocks That May Offer Value Here
    So, what happened to those writers, last year, who said that the bottom would be in by late 2008? Oh, they're not saying that any more? How about the late part of 2013?
    Sep 22 20:38 pm |Rating: 0 0 |Link to Comment |View article
  • Housing Market Tracker - Homebuilder Mortgages and Steep Price Cuts
    "Going, going..."
    Feb 18 13:56 pm |Rating: 0 0 |Link to Comment |View article
  • Now is Not the Time to Buy Homebuilders
    You make an excellent point, with "...existing home owners will be the last to fall." It's terribly difficult for a person to admit that they have made a big mistake; and a home purchase under the wrong circumstances is a BIG mistake. Now, there are a heck of a lot of relatively new home owners out there who are just beginning to SUSPECT that their purchase was a mistake. These folks will work three jobs, sleep in catnaps, and neglect family relationships for as long as they can physically sustain themselves. Then, the cold realization is going to hit them that they can't do this forever, and therefore they can't continue to pay for their upside-down house. The 2005 - 2006 group of sadly misinformed home buyers are soon going to hit this dismal realization, and they will walk away in large numbers, for an extended period of time, depending on their individual level of exhaustion. And they will dump perhaps millions of houses onto the market. This is when the price of houses will hit a free - fall of historic proportions.
    Feb 01 13:51 pm |Rating: 0 0 |Link to Comment |View article
  • Housing Market Tracker - Housing Stocks
    The Zandi comment is right on the money, when he says, "[The] industry is going to be a shadow of itself..." But even Zandi seems unaware (yet) of the staying power of this particular housing market situation, for he goes on to refer to "...once we get through this downturn", as if this is just another bump in the once-upon-a-time yellow brick road. This is not just another "downturn." This is a new highway, southbound to a point at which a new home sells for about twice the buyer's gross annual income, and interest rates of more than 6% on that home are non-starters. And that situation will persist for at least twenty years. The 1950's are finally over.
    Nov 17 12:53 pm |Rating: 0 0 |Link to Comment |View article

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