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underwater facing foreclosures

underwater facing foreclosures

jescott418 | Jan 22, 2013 10:43 AM ET All we need is another Obama "feel good" speech and everything will be OK. What boggles my mind is how Obama has yet to really get a clue about the pathetic recovery and how he ignores the problems so he can focus on his agenda. Is immagration reform and gay marriage really the big issues facing all America? Seriously?

MBA_grad | Jan 22, 2013 10:52 AM ET Once again, I can not believe some of the comments! PRICES are not HIGH!! It seems like only days ago that everyone was moaning about how low prices had fallen and owners were underwater facing foreclosures. Besides, household income of only $40,000 has no business buying a house, they are RENTERS! Prices actually need to rise to help the housing market! When interest rates rise and people see the prices of houses rise, then more houses will be put on the market. Then buyers will have more to choose from, and the housing market will see a BOOM as owners trade up. Right now, save your money renting, the housing BOOM is set to begin as the economy continues to improve.

giofls | Jan 22, 2013 10:53 AM ET I`m not very bullish on housing because on employment and falling real median incomes. In Dec 2007, 80% of people 25 to 34 were employed. In Dec 2012, that number is 75.6% (source BLS.gov). That does not bode well for young families buying their first home, which is what drives the real estate train. All that said, a 1% decline in the seasonally very low December period means nothing. We really won`t know what`s going on in the housing market until Spring.

neck_deep_in_alligators | Jan 22, 2013 10:53 AM ET Wow, considering how much currency is being funneled directly into the system through government spending of the Fed`s loans, this is a bad omen for the economy. If housing sales remain lackluster with low prices, low interest and major currency expansion, the economy is very sick indeed.

NewDay12 | Jan 22, 2013 10:57 AM ET I love how everything is "unexpected" When things are "unexpected" it shows the true ingnorance of "analyst" and demonstrates lack of talent. If I came to my boss with "unexpected" news good or bad every week he would fire me due to the fact that I lack competence to outline projected outcomes based on the data you have. The only people this is "unexpected" for are the Sheelple sales people who drink the KoolAid and are pupetts. Sales people are pretty much scum bags.....even the honest ones still "push the companies unethical objectives" because they can`t think on their own and are a sheeple......just because its legal doesn`t make it right....and don`t give that "I`m just trying to make a living cr@p"....so was Corzine.

We.are.being.played | Jan 22, 2013 11:00 AM ET Just saying ... Nobody wants the Real Estate Market to go down - I have properties that I would like nothing better than rise dramatically. BUT, this is about making money NOT what I WANT to happen. I`ll reserve judgement on their comment " .... although not by enough to derail the boost housing will likely provide to the economy this year." Until the Spring season is over. If it`s up (which I honestly doubt) - I`m a buyer. If it`s down - it will be a blood bath, with another downturn, lower than where we were a few short months ago. I`m not optimistic on this.

tarandfeathers | Jan 22, 2013 11:02 AM ET Please tell me you really dond have a Graduate Degree MBA_Grad. Any High School drop out knows you raise intrest rates you lower home prices! I guess you have gotton your MBA at The Ben Bernanke University for the Gifted Minds!

tarandfeathers | Jan 22, 2013 11:06 AM ET I am looking to buy so I would love home prices to go down another 500-600%! I was smart enough not to buy into the bubble and I want to be rewarded for my intellegence. Do we have to keep rewarding the idiots that bought and didn`t do their homework? Or thought their home was a commodity? Something that could be sold for a profit. and screw the renters and the poor?

johnnyvic | Jan 22, 2013 11:06 AM ET @MBA_grad Rising prices are only good for people who bought in when the prices were already too high and hardly affordable. What about those who have good jobs but cannot afford a home because they were unable to enter the pyramid scheme at the right time? Long term economic growth can only begin if first time buyers can afford a home without breaking the bank. The amount of money people have left over after paying their mortgage determines how much money they can spend on consumables and pump up the economy. A healthy economy is not driven by home occupiers drawing out phantom equity from their home and blowing it on crap, or moving up into a more expensive home because they reset their mortgage back to 30 years again. Yes, short term price increases can make people in the business a

Zootopia3000 | Jan 22, 2013 11:07 AM ET `Seasonally Adjusted` is code for `We Don`t Have A Clue`.






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Latest Comments

Pending Home Sales Fall Due to Dwindling Supply - BrianBallsOfSteel | Jan 28, 2013 10:03 AM ET Now this number must be true...if it was good, it would have been FAKE!

debtslave | Jan 28, 2013 10:09 AM ET does CNBS actually proof-read... - by DianaB

bigger down payment - johnnyvic | Jan 22, 2013 11:11 AM ET My last post was cut off... Yes, short term price increases can make people in the business a lot of money, or trick home occupiers into spending well beyond thei... - by hackman

Rising Mortgage Rates Spook Housing - John9876 | Dec 19, 2012 12:03 PM ET The only thing supporting the housing market is Fed printing.

knetaz | Dec 19, 2012 12:07 PM ET "The only thing supporting the housing market is Fe... - by MikeZ76

statistics are distorted - TheAustrian | Jan 17, 2013 09:42 AM ET Of course the statistics are distorted by government sources, but we should be asking a second question: Does the lack of firings mean that firms are actually h... - by AustinTX8

New Jersey saw an 84 percent jump from a year ago in bank repossessions - CommonSenPlease | Dec 13, 2012 01:15 PM ET New Jersey saw an 84 percent jump from a year ago in bank repossessions, and a 538 percent jump in foreclosure starts means those repossessions will continu... - by NJ9f



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