Is the US property sector stalling?

[Nicholas Wallwork]

After a flurry of optimism about the US property market it looks as though the sector has hit more turbulence.

Check out our article entitled "Is the US property sector stalling?" and let us know what you think.....

 

[fiege1224]

us sales

I find it interesting the us goverment props up our banks then stress tests them and everything is good now. They put a freeze on all foreclosures for the quarter and drop interest rates lower and tell you things are picking up and looking better. Because sales went up for the same time frame and had less foreclosures. They didn't say much about the freeze coming off in March and foreclosures went up 46%. There is 4 to 5 millon more foreclosures coming due in the next four years and this is not counting commercial real estate that has just started. The largest mall owner in America just filed for bancruptcy last week. This country is trying to spend its way out of spending with credit. This is not possible. Period. No matter what any goverment person tells anyone. Most of the bad housing periods we have had last 7 to 10 years no matter what we try to do to stop it. We are about 2 to 3 years into it now. I have been through 3 housing hits and have made money in 2 out of 3. To young for the first. You can always make money if you have alot of cash stock piled and buy at 10 to 30 cents on the dollar from peak price with a ten year time frame. Time and no debt solves most problems. Our goverment thought it always had plenty of time and money and just found out it has neither. There is not enough middle class in america working at this time to tax your way out of this mess. Not counting the record job losses going on know and still counting. But hay buy a house it always goes up in value. Thats what most people living on mounds of debt always said. We know how thats working out. Know everyone has to live with that fall out. Time will tell and it will fix the problem. Till later..

 

[harsh]

Thanx

Thanks For this information

 

[samirazar]

We have to remember that US RE market is made up of many, many sub markets in every state, city, and neigborhood! The question can be answered by compiling all sub market information, but what good is that. Only if you were looking to invest in a fund that has equal interest in all sub markets where the information came from. The first question is where in the US do you want to invest in, then the roller coaster begins.

 

[neustria]

No, the first question is, are we in the beginning, the middle, or the end of this crisis? I seriously believe that this crisis, as bad as it is, is only in its initial stages. If you wait and see how things develop I believe that you will be glad that you didn't jump in. This crisis is going to be very long and extremely brutal. Hold off and watch how things develop.

 

[samirazar]

crisis

The Crisis is different in all areas. In some areas it is at the end and some in the middle. There are always good deals out there you just have to do due deligence.