will obam get credit for turning around the housing market too?

F

Free Thinker

housing is turning. there are bidders everywhere. i follow ft meyers forclosures. ft meyers was one of the ground zero for the crash areas. last year there were many forclosures every week. now there are very few and there is a bidding war for them.





Stunned Home Buyers Find the Bidding Wars Are Back
Pending-home sales in March hit their highest level since April 2010, spurring the return of real-estate bidding wars. Nick Timiraos reports on The News Hub. Photo: Peter Earl McCollough for The Wall Street Journal.
.A new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back.

From California to Florida, many buyers are increasingly competing for the same house. Unlike the bidding wars that typified the go-go years and largely reflected surging sales, today's are a result of supply shortages.
http://online.wsj.com/article/SB100...7366294046658820.html?mod=WSJ_hp_mostpop_read
 
Media people (as in the author in the wsj article you cited) are not experts at anything. It used to be they were experts at writing but that's even gone to shit thanks to all the trash on computers.

So these media people defer to "experts". Who are they deferring to? Sales people. A sales person will tell you anything to get you to buy. They will lie, cheat and steal all they can get.

Don't believe what you read in the media. Their objective is to get your attention and they do that by publishing fabricated baloney.
 
http://articles.chicagotribune.com/...ousing-rebound-high-gas-prices-robert-shiller

NEW YORK (Reuters) - The Housing market is likely to remain weak and may take a generation or more to rebound, Yale economics professor Robert Shiller told Reuters Insider on Tuesday.

Shiller, the co-creator of the Standard & Poor's/Case-Shiller home price index, said a weak labor market, high gas prices and a general sense of unease among consumers was outweighing low mortgage rates and would likely keep a lid on prices for the foreseeable future.

:eek:
 
Quote from Free Thinker:

housing is turning. there are bidders everywhere. i follow ft meyers forclosures. ft meyers was one of the ground zero for the crash areas. last year there were many forclosures every week. now there are very few and there is a bidding war for them.





Stunned Home Buyers Find the Bidding Wars Are Back
Pending-home sales in March hit their highest level since April 2010, spurring the return of real-estate bidding wars. Nick Timiraos reports on The News Hub. Photo: Peter Earl McCollough for The Wall Street Journal.
.A new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back.

From California to Florida, many buyers are increasingly competing for the same house. Unlike the bidding wars that typified the go-go years and largely reflected surging sales, today's are a result of supply shortages.
http://online.wsj.com/article/SB100...7366294046658820.html?mod=WSJ_hp_mostpop_read
More...

You'll give Obama credit for the sun rising.
 
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