Real Estate...is it really recovering?

A few things been in the news recently. Shadow inventory, the inventory of available homes was greatly underreported.

Furthermore, I am shocked by the RECENT number of people I know, who make a good income AND can afford payments, yet are choosing strategic short sales and foreclosures. Even working with mortgage brokers who are delaying the processes to maximize the number of months they can live without making payments in "their" houses before going REO.


Some people are saying the housing bust is over from recent numbers, but on a personal level, I'm seeing a much different story.

thoughts?

 

I don't believe anything I read or hear from the media or their boss, the Obama administration.

 

No. The median home price is still declining.

 

looks like OBAMA is going to try to turn the inventory into....rental properties sold in bulk to investors.

http://www.cnbc.com/id/45925851/

 

yeah seen this

The guys who have big money know that the bottom has not been hit yet...guess is that we wont see that for at least 18 months, as it will be prolonged until after the election.

 

Yeah, QE3 in a few months to artificially inflate the economy right before the election.

 

Fewer owners, more renters.

Somebody want to tell me how that is a good thing?

 

Barry is already going to ask for another $2 trillion hike on the debt ceiling within the next few months.

 

will lower housing prices?

 

I assume you're joking on that being a good thing.

 

The Landlord Recovery.

It's a catchy campaign slogan. Why buy when you can rent from a rich dude?

 

as a non-homeowner, yes.