tag:blogger.com,1999:blog-6616959642391988608.post8096829713876762158..comments2024-03-19T02:45:37.685-07:00Comments on Calafia Beach Pundit: Housing market continues to improveScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-10463337611658646622009-09-25T06:33:30.550-07:002009-09-25T06:33:30.550-07:00I can tell you firsthand the foreclosure auctions ...I can tell you firsthand the foreclosure auctions in Arizona are red hot right now. Flippers are back in the game, albeit with much smaller spreads.Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-37524071370796819202009-09-24T20:32:09.778-07:002009-09-24T20:32:09.778-07:00Scott-
Housing is such an old news story. Foreclo...Scott-<br />Housing is such an old news story. Foreclosures might keep going at an otherwise nasty pace but it is all factored in. The market is looking at two things 1) operating leverage - companies laid off too many workers frankly b/c they could and a modest recovery in the top line will mean better than expected earnings; 2) the rest of the world doesn't have Obama as President and Donny Baseballhttps://www.blogger.com/profile/08040288585224426073noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17059149496594523902009-09-24T15:17:37.851-07:002009-09-24T15:17:37.851-07:00That information has been staring the world in the...That information has been staring the world in the face for many months now. MBS and CMBS securities that are sensitive to default risk long ago priced in some pretty dramatic assumptions about the coming foreclosure crisis. I think the market has fully digest this news. Meanwhile, I also think the economy is picking up more than the market is prepared to believe. So I think there is a decent Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-58964826791112982692009-09-24T15:08:15.971-07:002009-09-24T15:08:15.971-07:00Scott,
What do you make of reports that there are...Scott,<br /><br />What do you make of reports that there are millions of homes subject to foreclosure in the coming months that will cause another big drop in prices and resumption of the credit crisis?Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.com