False Housing Turnaround Expectations


What's been said:

Discussions found on the web:
  1. new commented on Jun 25

    And the correction is far from over. And for how long will home sale activity be virtually nil? Until 2011.

    Doesn’t ANYBODY remember the S&L collapse? It was less than 20 years ago. “They’ll never learn.”

  2. stuart commented on Jun 25

    99% of analysts and economists have been trailed far behind what’s unfolding in the real estate market. They have totally missed grasping the scale and depth of the credit market’s deterioration. That long haired gentlemen that debated Peter Schiff on numerous times come to mind to typify most of their positions.

  3. Marc Authier commented on Jun 25

    99% of economists are prostitutes. Most of them have no credibility whatsoever. They didn’t miss anything. They weren’t paid by their bosses to say the truth. It’s part of their contract. Reapeat afte me. No inflation. No unemployment. No credit crisis. See it’s easy.

  4. ThatGuy commented on Jun 25

    My buddy Larry Yun says a rebound is right around the corner.

  5. Scott commented on Jun 25

    Uh..if the powers that be are going to put real estate cheerleaders on the screen so frequently, can’t they at least LOOK like cheerleaders. If I’ve gotta listen to fluffy nonsense like this, I want to hear it from some girls gone wild…

  6. Gary commented on Jun 25

    Interesting to see what Dolores said 2 years ago: from an article about C. Thornburg leaving UCLA forecast: USC forecaster Dolores Conway remains more optimistic even though the inventory of unsold houses is growing and sellers are making priceconcessions to close deals.”There is still a strong demand for housing, especially in Southern California,” said Conway, director of the school’s Casden Real EstateEconomics Forecasting Project. “Everything we see is consistent with a soft landing.”

  7. John commented on Jun 25

    ThatGuy, did you even watch the video?

    She said markets will fall another 30% and then bottom out for some time. I fail to see how that makes her a real estate cheerleader.

    I should stop reading these comments. They are becoming more and more obtusely negative and just retarded.

Posted Under