Good news on the housing recovery!

[Patrick Snyder]

http://money.cnn.com/2012/10/02/news/economy/housing-recovery-economists/index.html?hpt=hp_t3

[Corey Dutton]

I hate to be bearish but if interest rates go up, even a little bit, home prices will stagnate immediately. Also, unemployment is the biggest driver behind home prices. This is getting worse everyday. Until I see price increases through the Spring of 2013, I'm not celebrating quite yet. As we know, everything is artificially propped up before an Election. In January, we have to make good on our promises we made last August regarding our deficit. Many people have forgotten that the United States almost lost its Triple A credit rating. This threat isn't over, it's just forgotten about by the American people for now.

And did we forget about the banking crisis in Europe? U.S. Media likes to keep us in our little bubble over here so we don't hear much about that. This is one of the biggest threats to a true recovery. It won't make banks in the U.S. more eager to lend going forward.

Just some things to think about. No one seems to notice any of these factors....