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  1. O

    Housing Rolling Along 2

    OMG....your link shows inventory is up almost 50% in the last three months. Interesting trend to say the least....! And this is before the I/O popular style loans start to reset next year and the next (and the next). Gulp! OWP
  2. O

    Housing Rolling Along 2

    Some very strong words from a San Diego realtor...OWP http://realtytimes.com/rtapages/20051117_sandiego.htm "The grand opening long buyer lines, multiple offers, offers above the asking price and homes selling within days of being listed are just fond memories now. However, due to the huge...
  3. O

    Housing Rolling Along 2

    http://www2.townonline.com/concord/localRegional/view.bg?articleid=370619&format=&page=3 "Concord realtors acknowledge the market in town has cooled noticeably, especially in recent months. The total number of homes listed for sale in Concord has increased by approximately 81 percent since this...
  4. O

    Housing Rolling Along 2

    http://www.news10.net/storyfull2.aspx?storyid=14314 "The latest figures on home sales in Sacramento give further evidence that the Northern California real estate market is slowing down. A report from the California Building Industry Association shows new home sales in Northern California fell...
  5. O

    Housing Rolling Along 2

    Hey, according to this web site, many housing markets are unbelievably overvalued. Could Stockton, Ca really be 68% overvalued? Could Naples, Fl really be 79% overvalued????? http://www.nationalcity.com/content/corporate/EconomicInsight/documents/Final101305v2.pdf
  6. O

    Housing Rolling Along 2

    Hard to know exactly what sentiment or data is due to be released and how it will move these stocks. But my take on the current market strength of these stocks is the following. Generally, since mid Oct, the market has been in an uptrend. The Q's are up 6.4% since 10-14 close. I have been...
  7. O

    Housing Rolling Along 2

    The earnings reports are probably not as important to the "man on the street" as the notice of foreclosure or the BK paperwork from the local county courthouse delivered by the process server. The only thing going parabolic going forward from now will be the notice of defaults, foreclosures...
  8. O

    Housing Rolling Along 2

    It seems like the housing market is like a car slamming into a brick wall. Inventories in bubble areas up 30% to 300%, sales down about the same. The rate from Wells Fargo on jumbo loans (basically anywhere there is a bubble you need a jumbo) is almost 6.8% APR and rising fast! Put a fork...
  9. O

    Housing Rolling Along 2

    http://www.commondreams.org/cgi-bin/newsprint.cgi?file=/news2005/1108-11.htm Study Cites Recent Trends That Signal Housing Bubble "WASHINGTON - November 8 - Recent trends in the housing market suggest a dangerous housing bubble, rather than a run-up caused by fundamental factors such as...
  10. O

    Housing Rolling Along 2

    http://www.signonsandiego.com/news/business/20051111-1315-wall&main.html "The demographic story behind the housing market boom, as we always thought, was a giant hoax," wrote Merrill Lynch & Co.'s North American Economist, David Rosenberg, in a recent report." "The supply and demand picture...
  11. O

    Housing Rolling Along 2

    Most every publicly traded company is a whore to their quarterly statement. If you're not growing like a bacteria colony Wall Street will want no part of you so these companies will do anything to keep the game going. Anything. Screw the employees, screw the creditors, create "shell" divisions...
  12. O

    Housing Rolling Along 2

    POS Death March Continues...WLS is down over 31% so far from the recent peak, and has just rolled over again the last few days for a fresh stab at new lows. And tomorrow??? Look out below! This company was absolutely bankrupt back in the early 90's after the last bust. William Lyon lost almost...
  13. O

    Housing Rolling Along 2

    This sort of real world article supports "Mr. D's" position as adjustable ARM rates rise and rise and the speculative mania dies. We've allowed people to play in a highly speculative market without requiring them to put their capital at risk. Their buying decisions have nothing to due with...
  14. O

    Housing Rolling Along 2

    Your position is looking even stronger today...good move! The homebuilders have not participated in the rally that the NDX, etc, have enjoyed since 10-14 or so, they are underperforming big time. And now the NDX rally is looking long in the tooth and might be starting to roll over, if so the...
  15. O

    Housing Rolling Along 2

    Many of the bubble markets are down month over month for some time now, most all are down over a 6 month period as well. Markets will continue their titanic cycles, no matter how hard it is to conceive of a different pattern now. In the summer, it's hard to believe that it gets too cold. But...
  16. O

    housing crash

    The REITS are being squeezed big time, just a matter of time before they fall hard... http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-08-2005/0004210530&EDATE= "Impac Mortgage Holdings, Inc. reports third quarter 2005 estimated taxable income was $30.3 million as...
  17. O

    Housing Rolling Along 2

    The once mighty continue to fall.....Toll Bros guides down for next year. How could this happen????!!! What about the housing shortage, what about all the college graduates that need homes, what about "SteveD's" comments "There is an infinite demand for basic housing. This demand replenishes...
  18. O

    Housing Rolling Along 2

    POS death march continues as another wheel comes off the cart....this stock is down almost 40% in one day! Sideways grind???? Not! http://www.thestreet.com/_mktwrm/markets/realestate/10251236.html?cm_ven=CBSM&cm_cat=FREE&cm_ite=NA Zip Realty Warns By TSC Staff 11/3/2005 4:51 PM EST...
  19. O

    Housing Rolling Along 2

    Oh my, ouch! http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7B2632BEBB%2D7C84%2D4B50%2D9105%2DB27EF5B0D283%7D The Dublin, Ohio-based company (DHOM: Dominion Homes Inc 9:55am 11/03/2005 DHOM11.26, -0.89, -7.3%) Wednesday night said net income...
  20. O

    Housing Rolling Along 2

    http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20051102005251&newsLang=en "One in twenty (5%) say they would be forced to sell their house at a loss if an increase in interest rates occurred in the next year."...
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