Real Estate bottom in 2011,2012

who knows? it might bottom sooner like late 2009 or early 2010 but than it might stay flat for 5-7 years or even longer.
 
2011 is nice but what's going to happen in the next few months? Better yet, what's the next tick going to be in the 10-year note?
 
didnt even read that article but its funny how i have the same outlook. I think I might have to change my look on it now that they mention 2011-2012, ill say 2014.


01-07-08 01:48 PM

"No Easy Answers" hmmmmm

Seemed they had all the answers about 6-12 months ago when they said that it was well contained and that the sub prime fall out wouldnt lead to such a mortgage crisis to begin with, amazing. The housing market is far from seeing a bottom. Years and years away, might see a bottom sometime in 2011-2012, wont see prices of houses up for at least another 5-7 years.
 
Understand there is an estimated Trillions+ of arms resetting this year, March 2008 will bring $100 Billion worth of ARMS resetting ALONE. With this in mind expect foreclosures to probably get as high as 2 million by the end of 2008, real estate prices can easily fall another 15% by mid 08 and a whole 20-25% in some areas by the end of 2009.
 
The Fed may do some 100 basis point surprise easings in order to take some of the sting out of the re-sets that are indexed to short-term rates. Don't be short Eurodollar futures!
 
Quote from nazzdack:

2011 is nice but what's going to happen in the next few months? Better yet, what's the next tick going to be in the 10-year note?
More...

up...
no down..
both..
 
Here's an idea, if we have to have a stinkin income tax then get rid of the high income phase out for mortgage interest AND uncap the loan amount of which interest is deductible and maybe it will actually be worth buying a house.
 
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