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Housing's Still Too-Fragile Recovery
6/1/2012

Realtor Rally
Protest in Washington drew a big crowd.
Protest in Washington drew a big crowd.

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Tenacious
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Platinum
Re: Housing momentum or just a spurt
Tenacious   6/12/2012 12:12:47 PM
NO RATINGS
And a job that lasts for 30 months is a long-standing job these days.

AskAsa
User Rank
Platinum
Re: Housing momentum or just a spurt
AskAsa   6/12/2012 11:29:59 AM
NO RATINGS
It's hard to feel good about taking on a 30 year mortgage when you feel like you have a 30 month job.

cat tail
User Rank
Platinum
Re: Housing momentum or just a spurt
cat tail   6/12/2012 11:24:44 AM
NO RATINGS
People I know are still too nervous to committ to buying

Tenacious
User Rank
Platinum
Re: Housing momentum or just a spurt
Tenacious   6/12/2012 10:13:34 AM
NO RATINGS
I agree, although the tight rental market may force people to buy out of necessity.

AskAsa
User Rank
Platinum
Re: Housing momentum or just a spurt
AskAsa   6/12/2012 10:05:36 AM
NO RATINGS
The job market is too fragile for a sustained housing recovery

Drivewaygirl
User Rank
Platinum
Re: Housing momentum or just a spurt
Drivewaygirl   6/12/2012 7:00:28 AM
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I suspect it is a spurt of interest from pent up demand and the limited availability / high costs of rental uniys

impactnow
User Rank
Iron
Housing momentum or just a spurt
impactnow   6/11/2012 7:45:56 PM
NO RATINGS

I can understand the fears and the optimism. In my area of the country I am seeing the best movement in the market I have seen in 4 years, houses are literally flying off the market, granted at very reduced prices fueled by very low interest rates.  Do you think it's just pent up demand or do you think it will hold? Personally I see it as a spurt not a long term trend because the unemployment situation is still very precarious.

Drivewaygirl
User Rank
Platinum
Re: Housing prices
Drivewaygirl   6/11/2012 6:19:28 PM
NO RATINGS
I can't say I blame them for trying, especially if they bought at the top of the market

Dex
User Rank
Iron
Re: Housing prices
Dex   6/11/2012 4:32:45 PM
NO RATINGS
You're right Driven. People seem to expect someone else will pay at least as much as they need to pay off the mortgage and their other debt, fair market value be damned,

driven
User Rank
Iron
Re: Housing prices
driven   6/11/2012 4:23:36 PM
NO RATINGS
Some people still set list prices by looking at their outstanding mortgage balance rather than by looking at comparable sales.

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