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New Housing Fears: Home Prices Are Rising Too Fast

New Housing Fears: Home Prices Are Rising Too Fast

keep_it_real | Jan 22, 2013 11:49 AM ET Diana, I have lived in 4 countries and owned houses in 3, including the USA. I am 52 years old so seen a few things. I have to say, the headline is this article really clearly indicates you have no clue as to what you are talking about. In the real world, where most people live, here in the USA, the housing market is in the toilet and getting worse. Your ridiculous headline would be the funniest thing I have read if it were no so serious. You need to either go and see a Doctor and have your head examined or you really need to get out of this field. It certainly is NOT your area of expertise. You have almost no understanding of reality and have lost the plot - literally.

stockbandit91 | Jan 22, 2013 11:52 AM ET OK, so for years we complained that after such a deep decline, the economy usually snaps back with faster growth. Now that housing is "snapping back" with prices rising quickly due to low supply, we are complaining about it? This is how it happens, we will have 2-3 years of quick price appreciation as we return to normal, then price rises will moderate as supply and demand come back into balance again...this is basic economics people.

RUOK2 | Jan 22, 2013 11:53 AM ET I have problems believing the housing recovery is as rosy as the markets are stating.......Lets just factor in the thought that there were over 5.5 million homes in foreclosure only a short time ago. Here is an example of what is going on in NJ. A Relative here in Northern Bergen County home was valued at $900,000 before the housing crash. Now the home is valued at $525,000 and is in pre-foreclosure for 3+ years, it is a 3 family home that is not selling, and the banks have yet to foreclose on it for a few years...... This is one example. As far as the Rental Market....Hmmm I can drive around here in lower Bergen County, and within a few blocks alone count 10-20 For Rent signs.......This is just one town.... My point is that I believe both markets have / are formin

LoganMohtashami | Jan 22, 2013 11:57 AM ET Simple Math Home prices are going up only because inventory has collapsed. We have no real strong demand from traditional and first time home buyers even with home affordability as good as it has been since 1970. Cash buyers are still 30% First time Home Buyers are still 10-11% below historical normal levels. If home prices rise only because inventory has collapsed the DTI ( Debt to income Reality) will smack Americans in the face. Just imagine if rates when back to 5% 6% with no income growth or real strong job growth. Reality of Math will hit the entire housing market. 2013 won`t be a strong inventory year because - too many homes underwater - housing starts are still to small to make a dent - even those with some equity can`t sell because they won`t come out with%2

LoganMohtashami | Jan 22, 2013 12:00 PM ET any money after paying their Real Estate agent -foreclosure process too slow we have 5.3 Million homes in some stage of delinquency All these reasons will lead to higher prices in homes for 2013 and this is the worst reason possible. Logan Mohtashami

MandyBrazil | Jan 22, 2013 12:31 PM ET banks are committing their biggest fraud yet, systematically holding back inventory to get prices higher, they have nothing to lose as the usa gov gave them money you guys never stop getting shafted

duck33 | Jan 22, 2013 12:36 PM ET Housing is the symptom of no rule of law. Unpunished fraud from wall street is one cause. The multinational buying laws to avoid taxation with in and out sourcing is another cause. Health insurers exempt from monopoly laws charging twice the going rate is another cause. Endless ethnic cleansing of the muslim for israel and the cost associated with the war profiteering is another cause. The corporation has monopolized profits with laws bought from a for sale to the highest bidder politician. At the expense of the small business and the tax payer. There is no income to purchase housing with because of no rule of law .

RM66 | Jan 22, 2013 12:43 PM ET A couple of years ago a friend of mine who has been in the business for a very long time told me that he expected the market to rebound faster than most were expecting and he so far he seems to be right. In our area the home inventory is less than half of what it was a couple of years ago. to make matters worse, the available lots for new home construction is nearly nonexistent as the cost of such requires home prices to be higher before new development makes sense. The only thing holding things back from what I hear is that lenders are still making it more difficult for borrowers.

Mr.Clumpus | Jan 22, 2013 12:46 PM ET diana, house prices can`t rise "too fast". It`s a market--houses are sold at whatever the market says they are worth given the financial/economic picture at the time and given the needs/wants of the buyer & seller.

JohnnyOxygen | Jan 22, 2013 12:54 PM ET "The newest fear for the housing recovery is an inventory crunch." Another classic from Diana `Shill" Olick.






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