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Paul Dales says it may not be until 2014 before housing prices rise consistently. The problem is...

Paul Dales says it may not be until 2014 before housing prices rise consistently. The problem is structural rather than cyclical, meaning even a stronger economy over the coming years may not help, and in any case, the economic situation is deteriorating.
Comments (12)
  • bbro
    , contributor
    Comments (9325) | Send Message
     
    Sounds about right,,,,House prices will be 10% higher than they are now...in 2016...
    20 Jun 2011, 01:24 PM Reply Like
  • HiSpeed
    , contributor
    Comments (1063) | Send Message
     
    Isn't it about supply/demand?

     

    Oh yeah, some jobs would be nice, too. 3% mortgage doesn't matter without some way to pay the monthly note.

     

    People who can't get jobs probably won't be looking to buy homes.
    20 Jun 2011, 01:24 PM Reply Like
  • warrenrial
    , contributor
    Comments (558) | Send Message
     
    The economy will not grow stronger while Obama is in office, he doesn't want it to.
    20 Jun 2011, 01:30 PM Reply Like
  • Micah
    , contributor
    Comments (462) | Send Message
     
    Its not that Obama doesn't want it to grow or improve, its that the Republicans will not allow it to. Think about it, who has the most to gain from a poor economy in 2012???
    20 Jun 2011, 01:33 PM Reply Like
  • warrenrial
    , contributor
    Comments (558) | Send Message
     
    We are well aware the Democrats are destroying the economy.
    20 Jun 2011, 01:35 PM Reply Like
  • mike mohr
    , contributor
    Comments (451) | Send Message
     
    So what is republican plan to revive the economy? Cut medicare and kill the granny?
    20 Jun 2011, 03:08 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    Ladies and Gentlemen, this is your captain, Barack Obama speaking for U.S. Housing. We regret to inform you that we are out of fuel and out of ideas. We will not quite make the runway - IOW, we are about to crash land. Have a happy life.

     

    Oh, and if you should, perhaps, survive, please remember to vote for me and my next re-election version of hope and change.
    20 Jun 2011, 03:56 PM Reply Like
  • tocoadog
    , contributor
    Comments (72) | Send Message
     
    Perhaps that is our problem.

     

    We are relying on government to provide work.
    20 Jun 2011, 04:40 PM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    I'm sure everyone noticed that his words were," it may not be until 2014." This means he can be correct in his prediction even if it happens sooner.
    20 Jun 2011, 01:32 PM Reply Like
  • tocoadog
    , contributor
    Comments (72) | Send Message
     
    Housing market is dead long term.

     

    The housing market was born by the baby boomers, now it will die with the baby boomers. Ten years from now, baby boomers will look to sell or downsize...supply will be plentiful.

     

    Children under 30 don't care about owning homes.
    20 Jun 2011, 01:45 PM Reply Like
  • Duude
    , contributor
    Comments (3358) | Send Message
     
    Its not just the huge inventory of foreclosed homes now and in future months, nor high unemployment both of which spell 'ugly', but its whether we move wisely in not propping up individual home buying with government guarantees. By propping it up we may eventually see prices rise again for a period of time, but only at the cost of adding more to the federal debt and experiencing another bubble in the future. If we prudently eliminate this government guarantee, fewer will qualify as home buyers for an extended period of time resulting in an oversupply of homes for years and years.
    20 Jun 2011, 02:14 PM Reply Like
  • seekinGold
    , contributor
    Comments (60) | Send Message
     
    2014 sounds optimistic.
    20 Jun 2011, 04:13 PM Reply Like
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