http://www.investmentpostcards.com/2009/07/29/picture-du-jour-us-housing-%e2%80%93-better-days-ahead/ Prieur du Plessis’s international investment blog Sun, 29 Jan 2012 22:06:48 +0000 hourly 1 http://wordpress.org/?v=3.1.1 http://www.investmentpostcards.com/2009/07/29/picture-du-jour-us-housing-%e2%80%93-better-days-ahead/comment-page-1/#comment-14422 Frank W Thu, 30 Jul 2009 02:43:23 +0000 http://www.investmentpostcards.com/?p=9332#comment-14422 The problem with this rosy scenario is that there are a number of property experts who strongly believe that there exits a mammoth supply of new housing sitting off-market, waiting for prices to rise. The holders are flippers, small investors, builders, etc. When prices do finally rise, these bears believe that all this hidden inventory is going to get dumped onto the market in an avalanche, destroying the market. The problem with this rosy scenario is that there are a number of property experts who strongly believe that there exits a mammoth supply of new housing sitting off-market, waiting for prices to rise. The holders are flippers, small investors, builders, etc. When prices do finally rise, these bears believe that all this hidden inventory is going to get dumped onto the market in an avalanche, destroying the market.

]]> http://www.investmentpostcards.com/2009/07/29/picture-du-jour-us-housing-%e2%80%93-better-days-ahead/comment-page-1/#comment-14413 Ron Wilson Wed, 29 Jul 2009 15:17:04 +0000 http://www.investmentpostcards.com/?p=9332#comment-14413 As a realtor in the Chicago area, what people need to understand is that the only activity in the market is at the $150K and below market where people are picking up bargins - bottom fishery. There is almost no activity, listing or sales in the higher priced markets. It doesn't look like a bottom yet from here. The commercial is even worse. Newsmedia is doing their usual sunny expectations review for a very corrupt set of politicans. As a realtor in the Chicago area, what people need to understand is that the only activity in the market is at the $150K and below market where people are picking up bargins – bottom fishery. There is almost no activity, listing or sales in the higher priced markets. It doesn’t look like a bottom yet from here. The commercial is even worse. Newsmedia is doing their usual sunny expectations review for a very corrupt set of politicans.

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