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the banks are holding a ton of homes

the banks are holding a ton of homes

MandyBrazil | Jan 22, 2013 01:04 PM ET @Mr.Clumpus what if the prices are forced to go up because those holding the supply are hoarding them? in plain simple terms, the banks are holding a ton of homes, but they know if they put it out on the market the home prices wont rise as fast as they wish, in addition, they do not need the money as the usa taxpayer gave the banks trillions. so this same usa taxpayer is now getting hurt with higher home prices because the bank can afford and sit around holding onto inventory and also not foreclosing on people anyone who feels this is not fraud should really study the basics of supply demand and the manipulation of it

John9876 | Jan 22, 2013 01:05 PM ET The only reason they are going up is that mortgage rates are less than the ACTUALl rate of inflation.

Zootopia3000 | Jan 22, 2013 01:07 PM ET 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. ------------------------- Unless the government, as usual, has to back the loans of only 3% down for the house to then sell, which is really still the case today. We never learn from past mistakes. Party on!!!!!

hopeNchange | Jan 22, 2013 01:12 PM ET Markets don`t rise and fall in a symetrical manner. This "rise" is just a blip where buying has gotten ahead of itself, and inventories are disproportionally low. Banks are sitting on record numbers of foreclosures. Once they start pairing inventory, supply will increase, and the same crappy market we`ve seen for the last 5 years will continue. The only game changers I see are negative - sudden rise in interest rates, persistent under and unemployment, continued record borrowing by the government.

Buck_Ofama | Jan 22, 2013 01:30 PM ET Keep it real,,, . One of the best comments ever! Good old diane boot licker! TOOL!

Rabbitoh | Jan 22, 2013 01:31 PM ET SIMPLY PUT, HOUSING PRICES SHOULD RISE. MOST HOUSING PRICES ARE BELOW REPLACEMENT COST. THIS DISLOCATION NEEDS TO CORRECT.

btg306 | Jan 22, 2013 01:36 PM ET Oh Please........

parrotheadsailor | Jan 22, 2013 01:38 PM ET Can you say BUBBLE? The Fed is creating multiple bubbles. Just be ready to get out when it pops.

JustifiablySkeptical | Jan 22, 2013 02:06 PM ET The problem with you people (authors of these rediculous articles) is that you place wayyyyy too much creedence in one report! What about longer term trends? Ever hear of that? In your zeal to "sell-news", you engage in (knowingly or unknowingly), knee JERK reactions to single reports as if the world is going to end! GOD-CALM DOWN and write responsibly or GET OUT OF THE BUSINESS!!!!!

sidfeinberg | Jan 22, 2013 02:25 PM ET They are only going to go up faster. Buy now or you will be priced out !!!!!!!!!!!!!!!!!!!!!!. We saw a 14% increase in value in 2012 and the newest HUD numbers show an expected increase of 19% this year. The stock market and Real Estate are wise buys this year as the economy is in 5th gear. People are excited about the Obama re election and are spending with a vengeance. You need to buy now or get priced out forever.






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the banks are holding a ton of homes

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