By Michael Lombardi, MBA | December 23, 2011
What will happen to the U.S. housing market in 2012?
As we close out 2011, we will have experienced the fifth consecutive year that home prices in the U.S. have declined. According to the popular S&P/Case-Shiller Index,U.S. home prices are down 31% from their mid-2006 peak.
Several reports have been circulated stating that the bottom for home prices is in or will be in sometime in 2012. And there are … Read More
By Michael Lombardi, MBA | December 15, 2011
Did you hear this one? Next week, the National Association of Realtors (NAR) will revise down its previously reported sales of U.S. homes from the period of January 2007 through to October 2011. The NAR said yesterday that it had made a mistake in past calculations on home sales and was double counting.
By Michael Lombardi, MBA | July 21, 2011
Throwing taxpayer money at conjured schemes to revive the economy needs to stop, butWashingtondoes the exact opposite. They are spending their time on ideas that take money from peoples’ hard-earned taxes to help other people who made very bad decisions.
By Michael Lombardi, MBA | March 24, 2011
The number of nails needed for the housing market’s coffin box has yet to be finalized. Consider just some of these startling numbers and trends:
The median price of a resale home in the U.S. fell 5.2% in February 2011 to $156,100 (the lowest level since April 2002) from $164,600 in February 2010, according to the National Association of Realtors. Some other interesting facts reported from the association…
By Michael Lombardi, MBA | January 31, 2011
If you are a stock market investor or a gold investor, or both, today’s PROFIT CONFIDENTIAL is a must-read. Why? Because, by the time you are finished reading this issue, you could very well be convinced long-term that the stock market is going down and gold is going up. And you can make a lot of money from these moves.
By Michael Lombardi, MBA | November 4, 2010
Three important points on gold this morning:
This is not the time to trade gold.
As we move from the second phase to the third phase of the gold bull market, the metal is having $20.00 to $30.00 per ounce daily moves. These types of gyrations make trading the metal almost impossible. As I have been saying since 2002, take a position in the metal, buy more on big price dips, and just sit tight.
By Michael Lombardi, MBA | August 25, 2010
There is a bubble forming in today’s economy and I believe that bubble is in U.S. Treasuries. Yesterday, the yield on 10-year Treasuries fell to 2.5% for the first time since 2009.
Why the big rush to U.S. T-bills?
By George Leong, B.Comm. | August 28, 2008
The housing market continues to be in the doldrums and I continue to see this as a major risk for the economy and stocks. The reality is that the steady reduction in home wealth could cause a “poverty effect” to occur that makes homeowners feel they are less secure. This in effect would negatively impact consumer spending going forward. There is still no evidence of a near-term reversal in the … Read More
By Michael Lombardi, MBA | September 12, 2007
For the first time since the Great Depression, U.S. home prices are expected to fall this year. While at present, home prices are down about three percent from last year, the decline for the year could come in any where from two percent to four percent.
Here are some interesting facts on the U.S. housing market you should be aware of:
The median price of a single family home fell … Read More