Indicator That the Bottom is Here!

[awgee_IHB]

About 80% of the U.S. “seems to be on the way back.”

Toll’s good news was enough for Cramer to affirm his prediction.

“Housing bottoms in this country on June 30,” Cramer said, “and I say hooray.”



Bob Toll confirms Cramer

 

[awgee_IHB]

Median home price increases

 

[awgee_IHB]

Economists React - The plunge is over in existing home sales

 

[awgee_IHB]

“I’m actually very enthusiastic about housing, and I haven’t said that in five years,’’ Ranieri said, speaking on a panel at the Milken Institute Global Conference in Beverly Hills, California. “We’re within shouting distance of a bottom.”

Louis Ranieri

 

[IrvineRenter_IHB]

awgee, have you found any of the local bottom-callers sending up smoke signals? We are due for another local bottom call.

 

[awgee_IHB]

awgee, have you found any of the local bottom-callers sending up smoke signals? We are due for another local bottom call.

You mean the local re agents in Coto? They never stopped calling the bottom.

So, we, some family friends and our family, stop and look at a REO open house that was Jeana Keough's listing before it went back to the bank.

And oddly enough Ms. Keough is the sitting agent on the open house. Ok, well my friends are having some fun, cuz, after all, she is a "Real Housewife". She asks them one or two questions, (they sold in '06 and are presently renting), and then says; Are you ready? This is true. "Prices are so good, you are stupid if you do not buy now." OMG! It was all we could do to keep from bursting out in laughter. We pile back into our minivan and all say at the same time, "Well, I guess we are just STUPID! Bwa-ha-ha-ha-ha-ha!"

 

[awgee_IHB]

The number of Americans signing contracts to buy previously owned homes jumped in March for the first back-to-back gain in a year, reinforcing signs that the housing slump in its fourth year may be near a bottom.



Housing market bottom is in