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From Ann Arbor to Tucson: The Housing Crisis is Behind Us. Says Who?

Missy Caulk in Ann Arbor posted a link to an opinion piece written in the Wall Street Journal on May 6th. Title: The Housing Crisis Is Over. WSJ may not agree (yet) with the article. They buried it on page A23.

As interesting to me as the article is its author. He's Cyril Moulle-Berteaux. a hedge fund manager (Traxis Partners, LP) from Greenwich, Connecticut. The Huffington Post's Fundrace 2008 identifies political contributions from the zip code where Moulle-Berteaux lives in the amount of $1,845,273. That's a lot more than was contributed from my zip code, 85713. It makes me wonder whether Moulle-Berteaux has an inside scoop, or whether he's smoking dope.

To see who else is blogging about this WSJ article, click right here!

I'm Mike in Tucson, your preferred Tucson, Arizona mortgage lender.

Think of me as your local expert.

Posted by Mike Jones on 05/22/2008 09:33 PM

Comments (14)

mike in tucson, tucson mortgage, tucson, arizona, cyril moulleberteaux, huffington post

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14 Comments on From Ann Arbor to Tucson: The Housing Crisis is Behind Us. Says Who?

Mike, I read today that the Phoenix market is set to appreciate 50% in the next five years. 50%! Who ever knows who to believe.

05/22/2008 09:38 PM

by Lisa Friedman Central New Jersey Real Estate (Pinnacle Realtors)

Mike- The crisis definitly isn't over here in Flint, MI. I mow lawns for a local credit union and I have picked up 6 just this week, and I get them just after the realtor gets them.

05/22/2008 09:41 PM

by Chris Horton (Horton's Lawn Care L.L.C.)

Cyril is smoking dope. We are not near the bottom. We have a ways to go yet. Yun (from NAR) and Cyril must have the same dealer. I love the eternal optimist.

05/22/2008 09:42 PM

by Russ Ravary - Michigan Homes for sale - Michigan Real estate & Mortgage info (Remerica Hometown One)

Sucker's rallies begin in a confidence game of giving really upbeat news to draw fools in. Hedge funds have to draw in a billion times more. Yeah you're right it's probably the dope!

05/22/2008 09:47 PM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

Mike,

More and more I'm convinced of the 'local' phenomenon that is 'real estate'...Region to region, even within the same state differs greatly! I remember that even in the 'boom' years of 2003, 2004, etc. not every area 'boomed' the same!!! I thank God every day that our market isn't as bad as other areas of the Country...I also pray for those areas!!! Thanks, Fran

05/22/2008 09:55 PM

by Fran 'The Title Man' Gaspari Title Insurance-PA & NJ (Patriot Land Transfer, Inc.)

Mike: I'm with Fran the Man! However, I do think that there is a conflict of interest between those lines by Cyril.

Debe in Charlotte

05/22/2008 10:00 PM

by Debe Maxwell (Helen Adams Realty)

Mike, I believe that housing crisis cannot be over yet....the economy is still unstable with all of the rising prices on consumer necessities such as gasoline and groceries. Thanks for the phone call the other day. I did not know that if you take a post down, the commentors lose points. I had deleted that post though instead of posting to draft... :(

Sorry.

05/22/2008 11:18 PM

by Judi Barrett (Integrity Real Estate Services)

Our housing crises is not anywhere near over. Increase in inventory, buyers scarce. This too shall pass.

05/23/2008 04:42 AM

by Susie Blackmon-Maggie Valley Waynesville NC Realtor/RE Blogger/Photographer (COLDWELL BANKER Kasey & Associates)

placeholder on Saturday night! Have a great weekend, all.

Mike in Tucson

05/24/2008 11:11 PM

by Mike Jones (Tucson Mortgage Company, LLC)

I have read lots of people who disagree with his assessment of the market, including the ones you mention. I do think we have hit bottom and are on our way up. But it will not be a quick recovery, tighten your belts and grit your teeth till 2008 is over and done with.

05/31/2008 04:55 PM

by Bonnie Westbrook Grand Rapids MI Real Estate Marketing (Five Star Real Estate Ada MI)

Mike,

My friend Fran the Man has the comment du jour.....I agree with him.

06/02/2008 06:22 AM

by Julie Chapman Realty Homes Brunswick Georgia

Crisis in one area may be turn-around in another. Look for positive news in your market and spotlight it. Confidence is our only way out.

06/02/2008 09:21 AM

by Rebecca @ Schrader Inc. - Mobile Home Financing Specialists

I believe I've seen some signs of stablization in certain areas but it could just be a seasonal boost. Hard to tell.

06/03/2008 09:54 PM

by Rita Bradley-Orange County California- Real Estate Appraisals (Sky Enterprises)

I'm with Fran on this, too... and finding that it can even get localized from one neighborhood to another at times.

06/04/2008 10:48 PM

by Kent Simpson REALTOR®, CNS®, AHS®, RECS® (with The Pepper Group™ Diversified Real Estate)

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