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27 December 2010
Housing Will Double Dip In 2011: Two Housing Experts, Dolly Lenz & David Lykken
Douglas Elliman Vice Chairman Dolly Lenz and Mortgage Banking Solutions President David Lykken offer their outlook for the housing industry, and it isn't pretty.
Both of them are basing their bleak look on Huge Inventory + Stealth Inventory, Rising Interest Rates during Quantitative Easing II, and Rising Property Taxes.
2 comments:
Larry C.
said...
Another doomsaying post from this stupid blog. You and your type bore me, Dude. If you had some time, you could surf the nespaper in your town to see home sales are going up, not down.
Double dip must be the key words that got these "experts" air time. Housing never bottomed and won't until more distressed inventory is sold. The peak in defaults was July of 09 and the number of new defaults going into the pipeline has been steadily shrinking. The problem is political pressure has backlogged the pipeline. In 2011 we will finally see a long overdue peak in foreclosures. Housing will start to recover after that. FWIW, I see the housing bottom coming mid 2011.
2 comments:
Another doomsaying post from this stupid blog. You and your type bore me, Dude. If you had some time, you could surf the nespaper in your town to see home sales are going up, not down.
Double dip must be the key words that got these "experts" air time. Housing never bottomed and won't until more distressed inventory is sold.
The peak in defaults was July of 09 and the number of new defaults going into the pipeline has been steadily shrinking. The problem is political pressure has backlogged the pipeline. In 2011 we will finally see a long overdue peak in foreclosures. Housing will start to recover after that.
FWIW, I see the housing bottom coming mid 2011.
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