The Good News Economist

Foreclosure Rates Continue Their Steady Decline

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@Thomas,

>Being in the business as a builder, property manager and
>landlord, I submit that the housing situation is nowhere near a
>satisfactory conclusion..

I too am a property manager and landlord in multiple markets across the country. I certainly agree that the housing situation is nowhere near a satisfactory conclusion, however it has clearly started to improve significantly since spring in many markets.

I reject the notion that there is this phantom wave of foreclosures waiting to slam the market... if that is the case just what are the bankers and their agents waiting for?

As a landlord since the 80's, I have not experienced (nor can I imagine) a better time than now to increase my holdings in residential rentals.

@j-dub,
When you look at mortgage resets charts, just remember that with rates at the levels they are now, that resets actually turn out to result payments and rates LOWER than what was set at origination. The doomster charts on ALT-a resets always fail to factor that "minor" landscape change... these ain't your father's ARM resets.

Local Media Agrees: U.S. Housing Outlook Improves

j-dub,

Whether or not they are artificial will remain to be seen... but what IS seen (by main street at least) are improving conditions.

Local Media Agrees: U.S. Housing Outlook Improves

Yes Dave.

Did you bother to read the second paragraph?

Another Dozen Housing Markets Improve

Good point. In fact, I've stated many times here that when it comes to markets and economics: the majority is always wrong. -- Galbraith, John Kenneth... So the question that I ask is whether or not these sources continue to be the minority or are they now in the majority... I leave that as an exercise for the student.