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Doubtful. The cost basis in my stuff is low and its all in fixed notes. My tenants need a place to live and they pay more than the mortgage to stay. SM

No. I do investment real estate. All in fixed notes and I've made a killing doing that. I continue to do well with it. I fear that the stock market long term will be too stagnant because the baby boomers will sell, will stop buying, and will stop consuming as much. Have recently considered...

Neat article. Check out this link: http://www.njba.org/housingData/medianprices.asp I'm thinking the median housing cost is now lower than $411K for all of New Jersey (Q3, 2006?). One has to decide on their own where the trendline should be at this very minute. I think the huge drop in...

My point was the jabs I've been taking because I'm vocal in my opinion that we are at or near the bottom of the housing market. I'm not hedging by saying "near"...re-read my posts and I've said it all along. In this thread, I noted that the new home sales the article referenced were recorded...

Ok, I cut out all the drivel. The builders book sales when they take a contract. The sensible builders are focusing on selling off old unsold completed houses ("finished houses") dimishing supply. Do "completed houses" count as "existing houses"? The number of houses actually sold nationwide...

Thanks. I'll look at them though I generally don't seek information from blogs dedicated to a certain conclusion. I think its would be as unwise to look for information there as it would to go to a site called www.thebubbleisover.com . Neither would be objective. I only go by what I see...

I'll keep watching. There is one particular neighborhood I monitor because I'd really like to get a good deal on a townhouse there...great area...low vacancies, etc. Has about 100 townhouses there. The prices reached a peak of $135,000 per unit before backsliding to around the $128,000 range...

Demand goes up in spring too.

Huh? If rates went up like you're saying, folks wouldn't sell, and supply would dry up. Why replace a good loan with a much higher rate? Haven't seen much institutional pull back in lending except for the predatory companies I hear about here.

Well, with China's economy starting to tank a little, maybe we'll see some of those materials costs coming down somewhat. That would take some of the wind out of the housing market's sales...have to wait and see. Can't help but think that some of the talk about "China is driving the costs up"...

Fair enough. FWIW, I do recognize it was a mania triggered by low, low interest rates. But my own philosophy is that something funny happened along the way. The value of the dollar fell out from under it, essentially justifying the prices somewhat. Found out last night that it will cost me...

Sorry, that was November http://www.realtor.org/Research.nsf/files/EHS.pdf/$FILE/EHS.pdf So existing sales were up two of the last three months and basically flat over the last 6 months. I'm willing to change my mind, but I need facts and figures. SM

I believe sales were up last month too. And the housing market doesn't act like a stock market...people have to live somewhere...they don't need stocks.

Thats pretty dramatic. Maybe if we talk it down some more instead of looking at the latest data, we'll all feel secure in our decision making. So what is the psychology as a bear market turns bullish? Do the bears throw themselves over the cliff for not listening?

Don't know about candlesticks, but I know when there is too much of a commodity, the price drops until demand meets supply. I think the real question is whether the inventories of unsold houses are growing or shrinking. Last I heard, they were shrinking nominally. Trying to forecast a bottom...

People are starting to pull the trigger. If sales are up, can prices be far behind? This is NEW data...not tired old stuff or opinion. Sales of Existing Homes Jump in January Tuesday February 27, 11:10 am ET By Martin Crutsinger, AP Economics Writer Existing Home Sales Rise in...

Ping, If you're looking for a nice "safe" loan, but you need to keep the payments low, check into a 30-year fixed "LPMI" loan. They will add an extra half percent to the rate in exchange for waiving the requirement for PMI because you can't ever drop PMI. Ultimately, it is a disadvantage...

If a "recession is coming", why can't the Fed just lower interest rates a touch to stave it off? They've got their foot on the gas pedal, and they can push as hard or as light as they choose, right? SM

Did you mean, "and a perfect score in the english segment..."?:p

So pixie dust is everywhere? :)