News & videos about the predicted collapse of the United States dollar, as well as the American stock market in 2014.

Tuesday, January 31, 2012

Home Prices Bottomming Out? Not So Fast

Think the housing market has finally hit bottom and people will start buying again?
Yeah, right!
A home price bottom could stimulate real estate demand, but contrarians are betting against a recovery in 2012.  In fact, Lance Roberts, CEO of StreetTalk Advisors, is pushing back at reports claiming affordable home prices will lure  consumers. Despite affordable prices, Roberts says consumers are too over-leveraged to buy a home and unable to qualify for a mortgage or save for a 20% down payment.
Roberts says a recent National Association of Realtors housing affordability index is overly optimistic in its suggestion that low prices could stimulate activity. He sees 2012 as another year of lagging sales, considering the average household debt for Americans over the age of 16 comes to $96,229 per person. In addition, the average income before taxes is roughly $54,110 and many Americans have a debt-to-income ratio of 177.8%, making it difficult for them to qualify for a home loan.
Home prices bottoming out? Not so fast « HousingWire

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Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.

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