“The US Housing bust is Over” – WSJ

[heywood]

Its official 😉

“The housing market has turned—at last.

The U.S. finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing.”

http://online.wsj.com/article/SB10001424052702303644004577520414196790098.html

[briansd1]

Yeah, I agree. But it will be a long slog back to the top.

For many folks who bought at the peak, depending on how long it takes to get back to nominal break-even, they may not have the wherewithal to ride it out.

We will still see foreclosures, but prices have stabilized with some increases.

And increasing new construction is what we need to create jobs and heal the economy:
http://www.washingtonpost.com/business/economy/new-home-construction-is-promising-sign/2012/07/11/gJQAIVhDfW_story.html

[sdduuuude]

Wall Street Journal – who are they? Never heard of them. This guy knows what he’s talking about:

http://piggington.com/summer_2012_sd_housing_price_top

[spdrun]

^^^

WSJ is saying that the major decreases are over, not that we’ll see a new Bubble any time soon. The thread you cited basically agrees, you sarcastic clown.

[sdduuuude]

You realize I wrote that thread, right ?

[spdrun]

Hahahahaha, sorry 🙂

[sdrealtor]

True to form the MSM is 6 months to a year behind the Piggs.

[The-Shoveler]

In a world where foreclosures are held in check (choose your theory as to why foreclosures are being held back).
The builders will be the price setters for any given area, (my guess about a 2003 price range for most SoCal areas, but that’s just a guess).
This could be interesting.
If the foreclosure flood gates open, expect the economy to tank and more municipal BK’s.
I guess we will see.

[sdduuuude]

[quote=spdrun]Hahahahaha, sorry :)[/quote]

The “sarcastic clown” tag was dead-on, though 🙂

[paramount]

David Wessel (the author) is a Bernanke shill.

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