The housing market is in a full blown recovery. To make things even better for DHI and other builders, there is now a shortage of new homes and a big need for builders to build just as quickly as possible due to the demand out there while interest rates are still low. I don't worry at all about the possibility of interest rates rising somewhat over the next year....that will simply increase the urgency for prospective homebuyers to make their purchases while mortgage rates are still low. And that my friends, will just increase the housing recovery...and the business of home builders...that much more. DHI, PHM, RYL, TOL....they are all bargains right now, especially in light of how well they are doing and the pent up demand for new housing. Getting in on a 10% dip for a market that is on a serious upswing is a rare event....I love that I caught this. Good fortune to all longs.
Housing recovery is a faux. Who is going to buy an overpriced house these days? Home prices need to come down another 40-60% to be affordable. Americans need lower house prices not inflated house prices. Why are lower housing prices not a good thing for Americans??
This phony housing recovery ignited by speculators and investors is not real. House prices need to come down another 40-60% to be affordable.
ZooZoocracker, you have crackers in your noodle, if you think house prices are overpriced in America! If you wish to see overpriced house prices come accross the border to Canada, what you are able to buy in the US for $250,000. would set you back $5 - $600,000. in many parts of Canada. What are you thinking 40 - 60% lower, do you wish to see a Global depression worst than the 30tys? You had better lay off the wacky tobaccy, it is begining to affect your judgement.... LOL