•Housing Suffering Relapse Confronts Bernanke With Credit Still a Conundrum

[Free Thinker]

Quote from ByLoSellHi:


“I’m right in there with the rest of the cheerleaders, but there are no historical anecdotes, no historical data points to use for this,” said Lewis Ranieri, the 62-year-old mortgage- bond pioneer who is chairman of New York-based Hyperion Partners LP. The U.S. housing market is “still very fragile.”

how fragile is a real estate market where there is a development of 600-900k homes that sold out and now has 250 people on the waiting list?

http://www.youtube.com/watch?v=0yeWknZm81k&feature=sub

 

[Mnphats]

Quote from vhehn:

how fragile is a real estate market where there is a development of 600-900k homes that sold out and now has 250 people on the waiting list?

Desirable homes in desirable areas will always move. I also agree that this housing doom and gloom is somewhat overrated. What would an increase in mortgage rates due to the housing market? Or actually asking for 20% down?