SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 689.52-0.3%Jan 7 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Seismo6/6/2013 2:01:07 PM
2 Recommendations

Recommended By
Chip McVickar
ggersh

  Read Replies (1) of 221443
 
I was miffed at why the single family housing market has been doing so well. Then I just read this. It's supply:

The reason for the limited supply is that "44 percent of Americans with a mortgage are effectively in a negative equity position," he said. "Meaning if they sold their home, they wouldn't be able to clear their mortgage. They're basically trapped in their home and can't list."

"So very little supply and significant demand. That's driving price spikes," he said. "You've seen six months of greater-than-5-percent appreciation rates. It's the longest streak of greater-than-5-percent appreciation rates since the [housing] bubble."

It doesn't give me a warm fuzzy feeling on housing when basically almost half the country is just plain stuck. AND we've got rising mortgage rates.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News