Comments on: The Recovery is Upon Us – Case Shiller Home Prices Beat Expectations, Up Across the Board, Housing has Bottomed

By: Concerned

Concerned — Wed, 29 Aug 2012 01:03:43 +0000

It really smells of a heavy amount of manipulating data just in time to help Obama stay in office.

By: Frank

Frank — Tue, 28 Aug 2012 19:38:41 +0000

Banks are profitable, the rich are getting richer, and they are buying up houses. Wow great news.

By: 1ofthemany

1ofthemany — Tue, 28 Aug 2012 18:52:10 +0000

BS/propaganda/same ole same ole, we do not believe this as many do not and will not. The “Proof is not in the Pudding ” NEXT round of BS please!

By: Sarah

Sarah — Tue, 28 Aug 2012 16:47:26 +0000

Case-Shiller. They had credibility at some point prior to the housing bubble. Come to think of it, so did a few other industry groups.

By: talktotennessee

talktotennessee — Tue, 28 Aug 2012 14:50:04 +0000

How many times have we found the so called “bottom” just to be jerked up short. Banks are now in a massive mode to “short sell” their problems. They are doing this by the thousands, liquidating houses 30-40-50% of original value while still titled to homeowners. I am beginning to see second round REO foreclosures where appraised value is either stable or slightly above original REO sale price. This indicates stability but behind it is a new wave of foreclosures just entering the market. Combined with short sales, they may dip just as the market pulls back in the fall. It is a balancing act. Banks can hold these on their books only so long before dumping into the marketplace. The economy and job picture slips and timing may not work in their favor. The “new:bottom” may not be sustained. Not talked about much yet but there are new programs being implemented that basically do the same as before, allow buyers to buy nothing down, marginal credit, low interest, etc. Another sip of Kool-aid as banks perfect their new method of shuffling houses in and out of the market, making money on investors and buyers? DOJ, AG, Congress, who cares?