quick update on Housing

Two of our three Housing indicators are now bullish long term: builder sentiment and building permits. The third, housing prices, should start rising and turn bullish in about six months. If one is entertaining the idea of purchasing a home, or homes – the rental market has been strong, now is probably the time to do it. While we do not expect a meteoric rise in housing prices over the next few years. An appreciation of 15% – 25%, depending upon the location, would be quite normal. Our last report covered the housing market in more detail: https://caldaro.wordpress.com/2012/01/22/has-the-us-housing-market-really-bottomed/. Best to your investing!

About tony caldaro

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55 Responses to quick update on Housing

  1. Pingback: US Housing update | the ELLIOTT WAVE lives on

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  3. great real estate updates Tony.

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  4. H D says:

    AZ-Inventory dropped a bit in February compared with January. There were 4,560 active listings in February, which is down from 4,840 the previous month. Inventory is also down 34 percent compared with February of last year.

    Sales were stronger last month. There were 1,019 total unit sales in February, an 11 percent increase over January and a 16 percent increase compared with February 2011.

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  5. hooloo1957 says:

    Sorry. If this is true imagine How buried the banking system is! Thanks greg

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  6. hooloo1957 says:

    Tony, It’s hard to be bullish on housing. On cnbc website There was an article about people staying in their homes for 40 months without a payment

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  7. DR CL says:

    Location, Location, and Location

    So what about the supply of homes not bank owned/REO owned which will be on the market on any swing up in prices?
    So many want to get out and downsize especially the homes built in the satellite communities of major metropolitan areas in the Midwest.
    I’m also wondering about the new Strategic default trend that’s so popular with the folks today also.

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    • tony caldaro says:

      So what about the supply of homes not bank owned/REO owned which will be on the market on any swing up in prices?Should limit the bull market.So many want to get out and downsize especially the homes built in the satellite communities of major metropolitan areas in the Midwest. Younger families always ready ot buy those.I’m also wondering about the new Strategic default trend that’s so popular with the folks today also.Lost me there =)

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      • DR CL says:

        People who rather walk away from their mortgage and take the hit to their credit for 5 years and save some $ and pay cash next time then stay in the home thats “underwater

        Tony
        You think young families are looking at 3- 4,000 sq FT homes 40 miles away from the city that they work in ?

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        • tony caldaro says:

          Lee, That depends on the commute.If it takes less than an hour without too much hassle, the bigger homes, for the price, are worth it.People do this sort of thing every day in NYC.And traffic is a nightmare. That underwater group should keep the keys in their pockets, and live out their committment.They bought into a frenzy, didn’t get out when prices started to rollover, but still have a place to live.If they can afford it. They should be shopping around in the immediate area for rental property.They can recover their loses more quickly by buying income property.

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      • H D says:

        I have a friend who bought a house last week. Full price offer and the house was on the market for 4 days. USA!

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      • DR CL says:

        Hey H D

        How much ?

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      • DR CL says:

        Thanks Tony

        Great Moral and Business advise !

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      • DR CL says:

        Understood
        but I liked your opinion.
        I have a friend who was talked into walking away from his house by his wifes family/financial adviser and I’ll tell you what his credit will recover way before his conscience will no matter how the situation gets
        rationalized.
        It’s not what you make traders its what you spend

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    • DR CL says:

      But I will not question the % of appreciation I just wonder about actual time and taxes on said properties. Man I’m a sour puss !
      Thanks Tony !

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  8. fionamargaret says:

    ….just in case you are wondering whether to buy the dip……

    http://solarcycles.net/2012/03/20/dow-at-260000-by-2032/

    Thanks Tony.
    I shall buy a couple of houses – preferably by the beach – after this happens.

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