Housing Bottom? No, the Mother of All Head Fakes

OK, so when the actual data shows that you're completely wrong you invent some reason that the data is wrong so you can be right. Right?

Crazy. Glad I am not in That Market right now...

The re-finance plans that Obama has put forth are not really working for most. They aren't helping the majority who are unable to get a fixed rate on their adjustable rate mortgages. When hyperinflation hits along with all the new fees and taxes we now have, added together with the taxes that are on their way, millions and millions of Americans will default to banks that are holding hundreds of billiions of our taxpayer dollars.

So let me get this straight for all those years that people were getting foreclosed on the government offered them bankruptsy. But now all of a sudden the government is staving off forclosures with our tax dollars and artifically keeping the real estate market inflated? Why would we start doing that. Why is the government not allowing people to realize the error of their ways. They cannot afford the house, move out...sell at a loss. When people take loans that they don't understand and can't afford, how is it the responsibility of prudent tax payers to bail them out?

I tend to agree with the analysis - there are still too many factors pushing values down. While it'd be nice to think the bottom is in, "crap and trade" (where you cannot sell a house without it being "energy efficient" this leaves out most older houses) and higher taxes make things too uncertain. Sorry, bulls... but new home sales are another matter.

What is great in this free market economy is that the government is practicing unfair competition. The government is now the largest stakeholder in GM. And they have a "Cash for Clunkers" program, true it has been put on hold, but that is unfairly injecting money into a sector that they own the largest manufacturer in. This became a slippery slope when they decided to bail out GM instead of letting it go bankrupt. Now the government is practicing un-ethical business practices by using taxpayer money to artifically improve the auto market. And they will do the same thing with healthcare and banking.

like the stock market...dead cat bounce.

As the Titanic was sinking the following statements were heard from the watching experts: She's sinking, boys ... She's listing badly now ... Look at the water-line, nothing can save here now ... Wait! The stern is coming back up! She's saved! ... The bridge is going under. She's going now ... Wait! The stern is lifting into the air! She's taking off, up she goes into the wide blue yonder, better get back aboard boys, while you can ... She's down by the bow ... She's flying high! Look at that stern soar! ... But where did the bridge go? ... There she goes. Soaring. Sinking. ... She's gone.

Keep wishing Henry. Maybe someone will believe you, but I suspect the vast majority of people will not. Theres still time for you to save some face and admit you were WRONG.

OF COURSE house prices will resume their decline. We REALLY blew it - we crashed the market, collapsed the economy, and now we’re going to have to pay the piper by suffering through a full-blown DEPRESSION. Why can’t people face up to what they’ve done?

Wicked cool. No one is employed but we're all going to bid up the price of housing. Come to think of it, I'll buy 5 and then refinance them all after this temporary inflection gets baked into the appraisal then walk with all of the toys I bought with my re-fi money... Walk away from your debts, it's the new cool in-thing to do (all your neighbors are doing it, only a fool woul still pay his/her mortgage).

Katy C, your talking points are straight from the Rush/Sean/Glenn handbook. Those are some VERY original points you make.

None of this matters. Obama and Bush have doomed the future of our country.

We are still.....3-4 Years.....AWAY From The BOTTOM....Look At The UNEMPLOYMENT..."Numbers"...The NOBAMA'S..Admnistration....Stated Today On:...CNN..T.V.....That The Unempoyment...."Projections"...For the Next.....3 Years...."WILL REMAIN....HIGH....In The Double Digits Numbers...{12%- 14%}....UNEMPLOYMENT Will Be A big Factor,,,,With "Double Digit".....Unemployment,,,For Another..."3-Years"....We will Have A Long Ways To Go.....!!!!!! {Save Your Money}

Isn't this the government artificially floating the real estate market with the $8000.00 credit. What happens when that credit dissapears.? Housing prices shoot down.

Popoy???? Where's Jonny Ike?

The housing market has not bottomed. Every housing statistic is still in down trend. A slight increase in an index does not necessarily indicate a bottom. The problem is the financial media want to sell advertising and the only way they can is to declare that a slight increase means the housing market is "soaring" or "booming". Check out the AP articles. They are ridiculous.

Carol Browner, Obama's energy czar, is one of those Bilderbergs who are looking to wipe out 90 percent of the population, so housing and jobs are not a real priority for this government. Getting rid of people is the key for them. No, they do not want you to have jobs, a car, a house. What they really want is for you to go away.

I understand that the government has told the banks and realtors to stop advertising forclosures. This will inflate the price of a home and make people outbid each other. I heard that the millions of forclosures will hit the market near the end of September. There will be another major drop in the stock marker.

Why are we not looking to reform Health care instead of doing the whole thing over. The Federal Government has never done well with being in charge of programs, once we have them we can get rid of them. Can we not keep the good and get rid of the bad. Start small. No Pre Excisting condition, etc.... This is something everyone can agree on. Why does it have to be a sweeping of all the old. Choice makes America GREAT!! Everyone know that the middle class we have to pay for these changes, why doesn't congress know this. If we are changing then Congress should be the first to go on the new program. If it is good enought for the rest of us then it should be good enought for the Speaker of the House. Franks should be the first for managed care, the house and congress so be mandated to try the program first. Comman sense should be used for all Federal Programs. Nothing wrong with dream big but cost has to be concern. Family have it hard now and don't need new taxesand don't need to worry whether or not they can see a doctor for life change events. They don't need to tell their parents the government won't tell them get needed surgeries, hips, pace-makers...etc. No one wants to be the bear of bad news!!!