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The Housing Bust Is Over - Page 2

The housing market here in Alaska is still pretty strong. New builds are selling before completion, existing homes are on the market an average of 120 days in the Anchorage area. This is not as good as last year, but better than many areas in the country. However, if the costs of fuel and groceries continue to climb the market here could take a decline. There is the prospect of a natural gas pipeline on the horizon, but only time will tell when that will come to fruition and if it will create a housing boom like the oil pipeline did in the 70's.

Over Bust Housing The

Prices are probably NOT back on the rise again, but hopefully are bumping along the bottom as opposed to declining further.
We can all hope, can't we?

Of course, depends where you are. All real estate is local.

The Housing Bust Is Over History & Civil Business Politics

Existing Home Sales Don't Signal Market Normalization, Economists Say

Economists say the larger-than-expected rise in July existing home sales doesn't necessarily point towards stabilization, since more than a third of the sales are related to foreclosures. They also note that a record high inventory level will put downward pressure on prices going forward.
Ref. Source 1

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Please look up Peter Schiff folks. He is batting a thousand.

Our American Dollar is over. We have borrowed from the world and the future and now it is time for the credit collectors to pay a visit.

Over Bust Housing The

Till the market reserve gets sold up thing are not going to get better. Though I have heard many Canadians are looking south again for vacation properties and investment properties so perhaps outside buys will help reverse the market.

The Housing Bust Is Over

Having a wife who works in the mortgage area of a large bank I hear from her that this is still getting worse. I was talking to her and they are adding staff to the default area. Meaning they are seeing a steady increase on the number of homes in default.

The Housing Bust Over - Page 2

Warren Buffet explains real estate.

Source 4

The Housing Bust Over Politics Business Civil & History - Page 2

Lenders are becoming very conservative in extending any new loans. Due to the recent bank take overs and so many defaults the FDIC government insurance fund is stretched very thin. They are not so quick to approve marginal loans. Home buyers, especially first timers, are going to need stellar credit scores to get approval. If oil prices continue to go down perhaps the housing market will get another boost. But the latest I heard was the economy is still in a stall even with prime rates being lowered.