KB Home reports a huge loss and Countrywide fights off bankruptcy rumors. Looks like the U.S. housing sector is in for another tough year
Deutsche Bank (DB) economist Peter Hooper describes it as a "Slow Motion Train Wreck"
What it really means to a consumer is that there is going to be opportunity to obtain a home for super prices in 2008. All ends of the housing sector should see action as investors and buyers are waiting on the sidelines with money in hand just "jonesing" for a shot at great properties. What do you Active Rainers Think?
When I go back to all of my contracts for the last 6 months - and I look at the ones that fell through - none fell through due to the buyer being unable to get financing. I am not so sure that 2008 will be so tough; it sure is starting our strong. Showings - 3-4 per day minimum. Someone is looking.
I look for it to be a good year.
I still think that there are positive stories out there, and I challenge the media to tell, for every two housing horror stories, one good story. They are out there.
yea kevin, I have no problems getting qualified buyers, the challenge is to get them to pull the trigger,.