Home prices headed for a triple dip

[Crewleader]

Home prices headed for a triple dip

October 7. 2014

Diana Olick

The headline for much of this year has been that home price gains are easing. Prices are still higher compared to last year, but not nearly as much as they had been. Now, suddenly, it looks as if home values could actually go negative on a national level.

"That will be the first time collectively, as a nation, we've seen prices drop since the low point or the trough of the housing crisis," said Alex Villacorta, vice president of research and analytics at data firm Clear Capital.

Villacorta points to a 1 percent quarterly home price gain from the second to the third quarter of this year. Last year that quarterly gain was 3 percent.



http://www.cnbc.com/id/102065857#.

[BlueJazz]

1. We'll just have to figure this one out. MMMM...Wages are stagnant...prices at the grocery store...

...are going up. Electric, water and...(wait a minute) EVERYTHING's going up.

...and people can't afford new housing. Goodness, who would have figured that ?

[DrDan]

2. Yet we have the most economically successful president in modern history

Read it right here

[Warpy]

4. Who is fighting the most ornery, spiteful, pigheaded do nothing Congress in history.

Read it right here.

[DrDan]

7. Did I say otherwise

[dixiegrrrrl]

8. Ben Bernanke Can't Refinance Because Credit Is Still Ridiculously Tight

Things have come to a pretty pass when even Ben Bernanke can’t refinance his mortgage, as he lamented at a conference in Chicago on Thursday. It’s likely that the former chairman of the Federal Reserve can’t refinance his mortgage because most of his income comes from 1099 sources rather than W-2s. Never mind that these are very large 1099s—he gets at least $200,000 per speech, Bloomberg reported last month.
http://www.businessweek.com/articles/2014-10-03/why-even-ben-bernanke-cant-refinance-his-mortgage-chart

[Crewleader]

9. Today's Cartoon

[Sherman A1]

11. +1

[Sherman A1]

3. Well,

Something is going to have to give. I don't see the current situation as being sustainable.

[Little Star]

5. We need manufacturing back in this country....

I don't believe we will ever be as good as we were then until we have it again, in the amounts we had. May have paid a bit more then but things lasted longer, better quality of product and were better made.

[Crewleader]

10. I agree with you Sherman A1

most definitely not sustainable.

[TexasProgresive]

6. Why is inflation of real estate a good thing?