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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01
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To: Bucky Katt who wrote (12495)6/23/2003 4:06:41 PM
From: James Strauss  Read Replies (2) of 13094
 
The one thing that I find interesting is we are in the early stage of the Prez election cycle, so stimulus should continue, but we may have already caught Japaneosis

William:

Does that mean we'll all run around snapping pictures of everything? : >

While higher interest rates are not as bullish for the housing market, the employment stability environment should have the greatest impact... People with steady jobs, even low paying one's, can at least project what they can afford on a mortgage... People without jobs cannot get mortgages no matter how low the rates are... While a 10% mortgage rate seems very high by the past decade's standards, people paid 10% to 13% mortgage rates during parts of the 80's with housing demand on the rise... The housing bubble of the late 80's was built upon the greater fool theory of pricing... This housing boom has seen a lesser degree of the greater fool theory... Today houses are being bought primarily for primary residences... In the 80's there was a lot of speculating and house flipping... We don't see that extreme now... Bottom line, I don't see a crash in the housing market... A leveling off? Yes... But not a crash...

Jim
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