Housing Market Takes a Hit

http://money.cnn.com/2005/04/19/news/economy/housing.reut/index.htm?cnn=yes

 

Where are all the housing bears?

This should be music to your ears...


Mike

 

apathy has set in.

On the flipside, this stockmarket drop has given the flight to quality bid to bonds and perhaps that buys housing some more time.

Senor Zen

 

i have been researching the idea of investing in a housing correction...

any thoughts on who is most leveraged with regards to low down payment mortgages. ie - who has most exposure to a short term correction/downturn in the housing market

any thoughts would be appreciated...

 

D.R. Horton raises profit forecast
Quarterly earnings increase stronger than expected

Numbers out this morning. Beauty.

 

I LOVE IT!

Raising the earnings forecast right when stats show a recently weaker housing trend.

Classic.

Mike

 

The executives need someone to buy their shares when they dump them and cash out.

 

LOL. Insider transactions over at Yahoo:

Insider Purchases - Last 6 Months

Net Shares Purchased (Sold) - (4000)


Net Institutional Purchases - Prior Qtr to Latest Qtr

Net Shares Purchased (Sold) 20,117,000

 

buy buy buy... and ye shall be rich$$$

http://story.news.yahoo.com/news?tm...ondodevelopmentonmiamicoastishothotterhottest

 

Half the beat on DHI was from land sales... now you take that and run with it...