We remain relatively optimistic about the housing market, but we do accept that activity fell sharply in the immediate aftermath of Sept. 11,
I was surprised that the sales numbers went up, even with the good weather. It doesn't change our view that the general trend in housing activity is downward.
I wouldn't necessarily predict this would be a trigger, but I wouldn't rule it out either. It wouldn't surprise me if you see money leaving the secondary mortgage market, leading housing prices to fall.
I think it's indisputable that demand in the housing market has declined in the past few months. It's very clear that rising interest rates figure very large in that decline.
We really don't know what the plans are for it. The concern is re-creating pockets of poverty. Every time we pass one of the housing complexes, we say we could be putting a work force in there. But at the same time, are you creating permanent housing that isn't the best way to go?
We're about to enter this third phase which is the ongoing, long-term support for these folks, with housing vouchers, jobs and transportation options,
Yesterday's better than expected U.S. housing data combined with resurgent oil prices looks set to leave equities under a degree of pressure.
From our lens, the U.S. housing market has become seriously overextended and a correction looms, posing the largest risk to 2006 consumer spending.
Further housing reform will be put in place in the coming year ... reforms that will ensure that a reduced propensity to house price inflation, stability will be further entrenched,
Full-time work does in no way guarantee the housing you're in.