Housing Market Shows Signs Of Recovery: Regional Banks

Yay, just 2-4 more years for Manhattan to stop declining!

got to love it... Steve flaunting his ignorance...

"70 percent in refinancing"

and did you notice that the damn source said its not here...

"it will be at least 2010 before he expects any signs of stabilization in the housing industry. "

Whoops.

Steve, come and talk to us in 2013.

nyc10022..everytime u post i crack up...lol!...keep it comin!!

I'm glad you find your own delusion funny.

At least you can laugh while you lose money.

The sign of the bottom will be when SteveF stops calling a bottom.

steveF - 9 months ago.
"Bears, your hopes and dreams for prices to come down are fading fast, I don't know what you are looking at, but my studio condos comps prices have moved higher in the past year not lower and that's with the media induced terrified buyers sitting out-of-bounds....at the first positive media headline(which is coming soon) we will see every Joe shmoo and his brother "GETTING IN THE GAME" ....inventory already has decreased 10% from May highs...the Fed liquidity is pouring money into the economy....2009 is looking better and better....Wall Street? Once the street feels things are getting better it's off to the races and bonuses will be paid to keep those deals flowing....All you bears are self destructing and paralyzed by fear. But it's not too late..learn from this board..see yourselfs for the disasters you are and change...Good Luck.... :)"

steveF
about 13 months ago

"Thank God I didn't listen to those pessimists/doomsayers in my life. I started buying and now I'm rich.:)"

what amazes me most is the SHIFT in general psychology that a slowdown in the pace of deterioration + a general rise in confidence that is mostly due to the 38% bear rally and elimination of armageddon, is being interpreted as a sign of robust growth in the future.

its fine, let it rock n roll. But the more it goes, the more the disappointment will be later on when people realize the new world is not anywhere as sexy as we got used to, and the debts are still there. And do people think there are no side effects to all this policy decisions? In 2-3 years time, taxes and rates will be MUCH higher, and Im sure the bulls will act as though there was some other cause for those problems

That's right U.D., when i read this:
http://seekingalpha.com/article/137653-deep-property-depreciation-ahead?
http://seekingalpha.com/article/137554-government-grossly-underestimates-fannie-and-freddie-s-capital-needs
I don't see any signs of recovery at all.
Also, i don't believe that the second tidal wave coming with the commercial real estate burst won't have any additional repercussion on the residential market:
http://ny.therealdeal.com/articles/by-the-numbers-commercial-loans-may-be-the-next-big-fallout-in-real-estate

Good Hussman report.

http://hussmanfunds.com/wmc/wmc090518.htm

though provoking piece there AR..so few are focusing on the ramifications laid out in that piece. people want to believe, they had enough, and they want the pain to end. Its leading me to believe that we will have a W shaped cycle, except the back end growth is not that fierce.

Wait until people realize how far the fed compromised their balance sheet, and how much treasury securities they will be forced to buy to prevent the treasury market from rolling over. Thanks for the link