As prices rise, housing recovery wobbles
 

As prices rise, housing recovery wobbles

A housing recovery that was expected to accelerate this year is instead sputtering. And no, you can't just blame the weather.

Sharp increases in home prices in much of the USA, along with higher mortgage rates, have discouraged many house-hunters. Home inventories are at historically low levels. First-time home buyers, who traditionally drive home sales, remain saddled with student debt and face still-stringent lending standards.

After bouncing back smartly in 2012 and most of 2013 following the 2006-09 real estate crash, the housing market began slowing last fall. Although an unusually cold and snowy winter hindered activity early this year, home sales and starts were disappointing again in March, even in the West and South.

http://www.usatoday.com/story/money/...slows/8411483/

Expected since wages has hardly moved.

And to think how much further the recovery would have progressed if not blocked at every turn by the Party of "No".
BTW, Cruz and the Teapublicans still owe the country $24 billion.

The economy needs to move forward and to balm one party is ignorant.

Current Mortgage Rates are over 1 point higher this year.

50% of the working population is still, STILL not working.

Oversees investors are not here this year. (Competing)

A total lack of trust in all economic indicators, (Government # are less than accurate )

Consumer sentiments are low and they don't know what to trust as a safe haven.

2.0% GDP last year 0.1% GDP today.

Obamanomics are a flop.

You know we have recessions every ten years or so on average. The failure of this administrations policies never got us out of this one. Looks like we will double dip or just roll into another recession making a 12-15 year new norm.

Exactly.

Housing Prices have to eventually have some relationship to income.

Back during the boom a single mother secretary where I worked got a 300K mortgage on a 28K a year job.

No wonder there was a bust.

Yep, we can trust the bankers, fuck oversight. Here is but just one of a myriad of examples where deregulated private enterprise has miserably failed everyone but themselves. A strong central gvmt is the only defense against this sort of overwhelming financial abuse as self regulation is a tragic joke.

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I absolutely agree.

The only kind of freedom you get from limited government is the freedom of the rich and powerful to fuck everybody else in the ass.

Whine, whine, and more whine, along with a hefty amount of recycled BS. Want some cheese all with that?

Fact is, Obama and company has pretty much had their way. Dems certainly tallied some significant legislative victories early on. They may not have gotten everything they wanted out of the legislative process of late, but they've certainly had an impact pushing an amazing amount of regs out the door.

http://thehill.com/regulation/admini...ns-under-obama

More bullcrap from our HR dude, how's that plutocratic ass taste?:rolleyes:

First off, whell, 13,000 regs versus 12,400 is an increase of 4.6%, hardly a "spike". Plus, of all these regulations, only 330 were considered "major", up from 266 under Bush.

Also, the article just tosses around a bunch of numbers. It doesn't address the nature of the regulations at all.

Finally, the report cited in the article is from the Heritage Foundation, a Libertarian "think tank" with a long history of issuing misleading reports in the service of their extreme agenda.

As usual, the link you offer doesn't support your point.

John