February 01, 2008 –
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RELATED TICKERS: DHI
, PHM
, MBI
It has been an interesting time of late. According to many pundits and so called news outlets we are either a) crashing b) recessing c) melting down d) all of the above. [more]
January 31, 2008 –
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RELATED TICKERS: PHM
, TOL
, DHI
Seems today with Pulte numbers the stage is being set for a longer term rally for the home stocks. When stocks head up on bad reports the bottom is usually very near. So far this year many of the home builders have had some very healthy gains while many of last years darlings are getting their hat handed to them. Just maybe large gains are being booked and those profits are getting piled into banks, builders and the like? [more]
January 28, 2008 –
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RELATED TICKERS: DHI
, BAC
, PHM
The last year in the housing market has been an interesting ride to say the least. For 5 years or so the housing experts had been projecting a down turn and were just simply wrong until 2007. Now it seems they have regained their joy and exuberance at bashing homebuilders, banks and real estate in general because they have been correctly predicted 5 of the last 1 real estate downturns. In their passion to pick apart the lenders, some of which are bad, they forget to mention that many people for the first time ever got to grab a piece of the American Dream. I believe in this dream and I think many of these folks that got through the "easy money" door are not going to easily give up their home. Sure there fraud has taken place in some instances and I think many of those folks have been washed out at this point. What about Loan Re-Sets? Loan re-sets are going to be a non issue for the time being due to 1 yr LIBOR at 3% or less and rates in general way below last years rate. Ex: Say my ARM loan is due to re-set in March and the current rate is 5.5%. The new rate is LIBOR + 2 to 2.5%. Some may even experience a drop a 1/4 % or so when they are repriced. Also those with lines of credit that are floating have dropped over the past 3 months and will drop further it would seem.In the end the primary reason to buy a home is to live in. Raise your family there and create memories that last a life time. It is a place to experience joy and sadness, good times and bad and more importantly a place you can call your own. So now many buyers are out shopping to find a home and some are on the fence being over stimulated by the daily media shark-like frenzy at the SUB PRIME HOUSING BUBBLE BURSTING END OF REAL ESTATE FOR ALL TIME blood filled seas and I would say jump in the water is fine. As a matter of fact you have the most choices you have had in years and rates are lower than you might ever see again for some time to come.A house is not a bubble or an internet stock or a Case-Shiller Home Price Index. In the end it is one place that the average American can plunk down some money, make a life and 20 or 30 years down the road have something to show for it. Real estate, home builders and banks will return to business as usual again. The question is are you going to use this window of opportunity to get in the door or....? [more]
January 28, 2008 –
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RELATED TICKERS: DHI
, BAC
, LEN
The last year in the housing market has been an interesting ride to say the least. For 5 years or so the housing experts had been projecting a down turn and were just simply wrong until 2007. Now it seems they have regained their joy and exuberence at bashing homebuilders, banks and real estate in general because they have been corectly predicted 5 of the last 1 real estate downturns. [more]
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