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The current Housing Market reflects 2005- Prepare for Adjustments

Livinglies's Weblog

2005-housing

By the Lending Lies Team

The major news sources refuse to address the possibility of a housing bubble, however analysts who don’t drink the mainstream Kool-aid say the markets look eerily like those of 2005.


Back in 2005 the mainstream media dismissed the warning signs and encouraged people to keep buying houses due to record-low interest rates and to invest in the stock market. Businessweek magazine interviewed several prominent economists in their June 22, 2005 issue about the possibility of a housing bubble and all dismissed the fact that prices were soaring unsustainably and a bubble pop was on the horizon.


The top broker’s on Wall Street are quietly advising clients that the optimism surrounding the housing markets has grown delusional and the market is timed for a reversal. However, the media refuses to acknowledge that when a market is artificially stimulated prices top and then come tumbling down in…

View original post 296 more words

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