views: Foreclosures, Gov't Action, And The Recovery - 05/18/10 07:22 AM
http://codyburnett.wordpress.com/2010/05/14/foreclosures-govt-action-and-the-recovery/
Economist Dean Baker, co-director of the Center for Economic and Policy Research, says federal programs have led to an artificial stabilization in the market. In order to deal with the glut of distressed properties, he feels people facing foreclosure should be allowed to stay in their homes as renters until they can renegotiate their mortgage.
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views: Consumers Remain Optimistic Despite Expired Tax Credit - 05/04/10 03:43 AM
For months, analysts and industry experts have debated how the expiration of the tax credit will effect the housing market. But, according to a recent survey conducted by Prudential Real Estate and Relocation Services (http://www.reuters.com/article/idUSN279816420100428), consumers are optimistic about real estate. The survey found that 46 percent of potential buyers expected prices to increase over the next year and 20 percent expect significant increases over the next five years. 65 percent of those polled said the end of the tax credit would have little or no effect on their decision to purchase a home. James Mallozzi, Prudential Real Estate's chairman and … (0 comments)

views: Housing Fundamentals More Up Than Down - 04/26/10 04:20 AM
http://codyburnett.wordpress.com/2010/04/23/housing-fundamentals-more-up-than-down/
James O'Sullivan, chief economist at MF Global Ltd., argues that, though recent spikes in sales are exaggerated by the tax credit, the housing market's fundamentals are more up than down.

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views: Encouraging Signs For Housing Recovery - 04/16/10 11:23 AM
http://codyburnett.wordpress.com/2010/04/16/encouraging-signs-for-housing-recovery/
Ron Phipps, president-elect of The National Association of Realtors, is optimistic about the housing market and encouraged by stabilizing prices, recent increases in sales activity, and better unemployment numbers.
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views: Experts Differ When Forecasting Housing's Future - 04/14/10 04:32 AM
With the spring selling season underway and many of the government programs aiding the ailing housing market expiring, experts and industry insiders have differing opinions on where housing's headed. Warmer weather typically boosts buyer traffic and, according to the National Association of Realtors spokesman Walter Molony (http://www.reuters.com/article/idUSTRE6374OD20100408), housing could become self-sustaining with a significant sales surge followed by job creation in the second-half of the year. On the other hand, Robert Shiller (http://www.nytimes.com/2010/04/11/business/economy/11view.html?scp=1&sq=shiller&st=cse), co-founder of the Case-Shiller Home Price Index, argues that, despite recent momentum, there isn't enough evidence to support the optimism among many economic forecasters. Shiller says, until there … (0 comments)