All tagged Housing

The Hidden Housing Crisis

Most believe it’s clear sailing for housing.  Jurow’s view its anything but rosy for housing.  He believes the housing rebound is a mirage orchestrated by lenders and mortgage servicers keeping foreclosed homes and subprime loans in serious default off the market.  In other words, there are millions of homes just waiting to hit the market. Sometime.

Optimism Abounds, Dark Clouds Circle

The economy is great we’re told.  Vote Republican and get more of it. “It” being--winning.  However, the KBW Bank Index hit a 52-week low today.  The index of small bank stocks is getting hammered. The index of European bank stocks continues to be bludgeoned by the market. And, the home builder’s index peaked in January, with big builders Lennar and DR Horton now making 52-week lows.