Case of Case Shiller calls the bottom

[lendingbubblecontinues]

Been on this site since 2004…no squirming here. I am, however, enjoying reading more and more foolish posts like the op laid out.

Lately, I’m just having a blast reading about all the ongoing suffering of recent buyers (and even not so recent buyers who went through every last dime of their equity) and of those whose lives are dependent on the sale of real estate. Ha.

Not buying this year…not worried about missing a damn thing.

LBC

[capeman]

Basing that call off of cycles that have previously had precedent makes me lose a lot of respect for Case. Almost the entire engine driving the market for the last decade if not more has been easy credit and lower than usual interest rates. Both of those are on their way to being almost totally absent in the near future. Housing starts stats don’t have much if any influence on these drivers.

[capeman]

Basing that call off of cycles that have previously had precedent makes me lose a lot of respect for Case. Almost the entire engine driving the market for the last decade if not more has been easy credit and lower than usual interest rates. Both of those are on their way to being almost totally absent in the near future. Housing starts stats don’t have much if any influence on these drivers.

[capeman]

Basing that call off of cycles that have previously had precedent makes me lose a lot of respect for Case. Almost the entire engine driving the market for the last decade if not more has been easy credit and lower than usual interest rates. Both of those are on their way to being almost totally absent in the near future. Housing starts stats don’t have much if any influence on these drivers.

[capeman]

Basing that call off of cycles that have previously had precedent makes me lose a lot of respect for Case. Almost the entire engine driving the market for the last decade if not more has been easy credit and lower than usual interest rates. Both of those are on their way to being almost totally absent in the near future. Housing starts stats don’t have much if any influence on these drivers.

[capeman]

Basing that call off of cycles that have previously had precedent makes me lose a lot of respect for Case. Almost the entire engine driving the market for the last decade if not more has been easy credit and lower than usual interest rates. Both of those are on their way to being almost totally absent in the near future. Housing starts stats don’t have much if any influence on these drivers.

[jpinpb]

The low rates would have been one thing if it was a 30 yr fixed. It was the teaser 2 year rates. Allowed people to buy double the house. And houses doubled in price.

[jpinpb]

The low rates would have been one thing if it was a 30 yr fixed. It was the teaser 2 year rates. Allowed people to buy double the house. And houses doubled in price.

[jpinpb]

The low rates would have been one thing if it was a 30 yr fixed. It was the teaser 2 year rates. Allowed people to buy double the house. And houses doubled in price.

[jpinpb]

The low rates would have been one thing if it was a 30 yr fixed. It was the teaser 2 year rates. Allowed people to buy double the house. And houses doubled in price.

[jpinpb]

The low rates would have been one thing if it was a 30 yr fixed. It was the teaser 2 year rates. Allowed people to buy double the house. And houses doubled in price.

[sdrealtor]

Thanks for the reality check NSR. His comment was for the US not So cal. Other parts of the country have affordability while we do not. While volume seems to be bottoming out on a Y-O-Y basis to some extent, I dont think anyone around hear is calling for a bottom in prices with a straight face.

Furthermore, if you look at the bottom in 1991 in housing starts, resale prices didnt bottom here until around 1995. Thus the chart may actually support the price bottom between 2010 to 2012 that so many of us have been calling for the last 2 years.

[sdrealtor]

Thanks for the reality check NSR. His comment was for the US not So cal. Other parts of the country have affordability while we do not. While volume seems to be bottoming out on a Y-O-Y basis to some extent, I dont think anyone around hear is calling for a bottom in prices with a straight face.

Furthermore, if you look at the bottom in 1991 in housing starts, resale prices didnt bottom here until around 1995. Thus the chart may actually support the price bottom between 2010 to 2012 that so many of us have been calling for the last 2 years.

[sdrealtor]

Thanks for the reality check NSR. His comment was for the US not So cal. Other parts of the country have affordability while we do not. While volume seems to be bottoming out on a Y-O-Y basis to some extent, I dont think anyone around hear is calling for a bottom in prices with a straight face.

Furthermore, if you look at the bottom in 1991 in housing starts, resale prices didnt bottom here until around 1995. Thus the chart may actually support the price bottom between 2010 to 2012 that so many of us have been calling for the last 2 years.

[sdrealtor]

Thanks for the reality check NSR. His comment was for the US not So cal. Other parts of the country have affordability while we do not. While volume seems to be bottoming out on a Y-O-Y basis to some extent, I dont think anyone around hear is calling for a bottom in prices with a straight face.

Furthermore, if you look at the bottom in 1991 in housing starts, resale prices didnt bottom here until around 1995. Thus the chart may actually support the price bottom between 2010 to 2012 that so many of us have been calling for the last 2 years.

[Author]

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