Is the housing market finally starting to rebound? See what our readers had to say and weigh in with your comments.
Here we present the results of the April 6
recently reported a better-than-expected profit for its fourth quarter and
indicated that 2010 would be a better year for the housing market. Other
companies with ties to the housing market are also starting to show signs of a
turnaround. Does this mean that the worst for the housing market is finally
Does this mean a robust recovery for housing is
on its way?
has started, but it will be slow.”
“Just because companies show a profit does not mean they are
profitable; Enron, Citigroup and JP Morgan.are great examples. Unemployment is
higher than what is reported. Until that changes, there is no recovery.
“Government control and taxes are too great for a `robust
recovery’ to occur at this time. There is great uncertainty concerning the `Cap
and trade’ bill!”
“The banks are generally not loaning money and most people
cannot get loans. Therefore, they will not be able to purchase houses.”
“Are you kidding? Lowe's doesn't build houses. Consumers and
small contractors use Lowe's. Existing homes are falling like a stone, as well
as new housing. Private-sector jobs are decreasing as well.”
“Look for speculators to be the first ones in.”