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***I'm snipping out the non-home stuff from this article. When everyone agrees that the market is improving, its too late to buy at the bottom**** Stocks Surge on Home Sales Data Tuesday April 3, 12:27 pm ET By Madlen Read, AP Business Writer Stocks Surge on National Association of...

I guess the thrust of what I'm saying is that (maybe) we have been here before and its not too unique. We had really low interest rates in the 50's, 60's and (IIRCC) the early 70's. Then rates went up and it hurt the market. We've had layoffs in California, and oil busts in Texas. And we've...

Not true. I know some folks in ARM mortgages who could refinance them, but since their loan payment won't increase for a while, they are holding off on refinancing so they can continue to save money for the time being...very rational behavior. They have jobs. The rates are low so it won't...

Theres a big rock out there right now that will pass by us in 10 years ago, swing around, and then pass by so close that it will be within about 17% of the distance to the moon (sometime like in the year 2025...forget when). After that pass, they can't honestly say if it will be on a trajectory...

Here's a challenge for the perma bears. Post a chart of the foreclosure rate over the last 30 years or so, and compare it to today's rate. Not the number of foreclosures...the population is bigger after all than it used to be...I'm talking the percentage...

***Now that the media has torn down the real estate market, its time to build it back up. Thats the American way. We did it with Pete Rose, Martha Stewart, and so many others. Now its the housing market. House Sales Up 7% in Va.: Prices Also Rise, but Homes Aren't Moving As Fast As a...

Bankrate.com Western real estate cools, with exceptions Monday April 2, 6:00 am ET Dana Dratch They don't call it the wild, wild west for nothing. While the West is experiencing the same buyer's market as the rest of the country, it enjoys some special factors that set it apart...

Employment is good and rates are still low. Make up your own mind. By the time the media reports it, it is typically too late. SM

Area Construction Picking Up: Number of Building Permits Issued in Fresno and Madera Counties Climbs in February. Source: The Fresno Bee Publication date: March 29, 2007 By Sanford Nax, The Fresno Bee, Calif. Mar. 29--Figures released Wednesday confirm what home builders in the Fresno...

Usually don't post stuff about California since its an island unto itself, but... Housing Starts Pick Up Source: Oakland Tribune Publication date: March 29, 2007 By Eve Mitchell In the first two months of the year, single-family home-building activity in the East Bay and...

http://biz.yahoo.com/brn/070326/21330.html?.v=1&.pf=loans I know you get hit with a barrage of paperwork at closing at its hard to read it, but COME ON! Hey, its probably only the most important transaction most people will make. SM

Maybe the home builders are reading all the crap in the newspapers so they've trimmed their construction crews and are focusing on selling inventory...thats what they are doing in my neck of the woods. But eventually, they will have the inventory down to a level where they will start building...

Erring on the high side to keep inflation in check to thwart hyper inflation and keep demand for bonds (and therefore dollars) up. Low enough not to totally kill the economy, and give the folks with exotic mortgages a chance to bail out into fixed loans and allow the real estate professionals...

Houses cheaper than cars in Detroit By Kevin Krolicki Mon Mar 19, 11:48 AM ET DETROIT (Reuters) - With bidding stalled on some of the least desirable residences in Detroit's collapsing housing market, even the fast-talking auctioneer was feeling the stress. "Folks, the ground...

Thank you. I was beginning to feel like the long ranger. SM

And how much has the value of commodities risen in the last 3 to 4 years? Lumber, Concrete, etc? The real estate prices were driven skyward by low interest rates, and now the value of the dollar has fallen so far that the prices are (virtually) justified by the cost of materials and labor. SM

So how does the trend look when you're at the bottom?

Don't get me wrong. I do think that 1 or 2% of the population going bankrupt can (or has) had an effect on prices. It doesn't take much to upset the applecart. Regarding San Diego though, I just read an article about it...isn't growth restricted on all four sides. The ocean to the west...

Interesting stuff. I guess in concept, the plankton aren't so much the young couple new home buyers...instead they are the folks who used exotic loans...not necessarily the same group because there were some established well-to-do folks out there who still used exotic financing methods. But...

***This article talks about California property, though it may be a surprise for Californians to realize that they aren't the center of the universe and the rest of the nation isn't in the same boat. But it does contrast the two schools of economic thought*** Begin article: US housing...