FHA loans that essentially let a home buyer purchase a house

FACTcheck | Feb 26, 2013 10:07 AM ET The government needs to kick the leg out of this artificially high market. There is artificial demand available with FHA loans that essentially let a home buyer purchase a house with almost nothing.

MortgageMan12 | Feb 26, 2013 10:07 AM ET This increase pur propoganda. Look at what housing prices have done over the last six years, losing nearly 40% in value in many places. This is the same as saying that a major league baseball team that has won 30 to 40 games a year for the last 7 years (out of 162) is an amazingly successful team this year because they won 50 games. You win 50 games out of 162 and you still stink, you are still in the basement and you are still struggling. Better ...YES... but lets not fall victim to this miniscule gain in a struggling market. Maybe because there is only a 4.2 month inventory of homes and the banks are still holding onto their shadow inventory of foreclosed homes the only way value can go is up, despite how little.

beachbum40 | Feb 26, 2013 10:08 AM ET F the Real Estate people. Housing still OVERPRICED. No reason to buy anything unless you need to.

JohnnyOxygen | Feb 26, 2013 10:08 AM ET Whew! Just the news I wanted to hear. I`m so happy things are getting back to normal. I wonder what Diane (the shill) Olick thinks? I think its great that all these people without jobs have pushed home prices higher. Just shows you how well our government manages our lives for us.

bajamiguel | Feb 26, 2013 10:10 AM ET how in the world ...does cnbc report this with a straight face ....record selling in winter......lmao

FACTcheck | Feb 26, 2013 10:11 AM ET @Sid "I just outbid 9 investors on a home, list price was 59 and I bought for 108." lol. There was a lot of outbidding in the Dutch Tulip market in 1600 as well. There`s the greater fool theory. "My Realtors says it will be 150k in one year, so I`m almost making 50% on my money" No vested interest in saying that, huh? LOL.

handballforlife | Feb 26, 2013 10:13 AM ET Wait for the spirng to come then these idiots can really blow these numbers out of the water

Phoebe1225 | Feb 26, 2013 10:14 AM ET If residential Real Estate is soaring, why are more than 50% of the home mortgages in Atlanta underwater? I would guess, this is relatively consistent in most markets. Perhaps we should look at ALL the facts!

A1C_SK | Feb 26, 2013 10:19 AM ET This is funny. I am to believe that the numbers from 2 months ago are just now showing up, and these numbers are what is pushing us today? That is not the market looking toward the future that is following a lagging indicator at best. The packages are getting smaller, prices for groceries are going up the price of gasoline has gone up. This in a job market that is relatively stagnant with unemployment a little under 8 percent. So the prices should not be going up via supply and demand. So I guess that would be inflation. Housing if it is going up it based on debasement of the USD and other world currencies are doing it as well so it is not so directly seen. It maybe a temporary pop. If the inflation goes to a certain level the stocks will crash, because people will have to get a

Incredulous | Feb 26, 2013 10:29 AM ET I`ve always had the greatest admiration for those who make money by doing nothing productive, which allows them to pay more for items, which then puts upward price pressure on those items for the rest of us. I don`t believe much goes into the pricing eqeuation these days other then "how much will those suckers pay?"






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FHA loans that essentially let a home buyer purchase a house

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