Housing Doom brings you the smoking gun. This will make you laugh, then it will make you mad. Our nation was run by monkeys these past 6 years. And now the house of cards is all falling apart. The Bush Administration - the best president the homebuilders' and NAR's money could buy.
We also must work in close partnership to dispel the myth that our nation is experiencing a "housing bubble."
Although the United States is the best-housed nation in the world, we as a country still face a housing shortage. In fact, housing experts, economists and analysts met this past week at a conference in California and concluded that the momentum gained from low mortgage interest rates will carry strong home sales through the end of this year.
Not long after 9-11, however, a number of leading experts predicted that the housing bubble would burst. They were clearly wrong. Instead, many Americans chose to simply delay, rather than cancel, their plans to buy. And home purchases ended up reaching an all-time high in 2001. While the final numbers are not in, sales in 2002 are expected to eclipse the 2001 record.
Bubbles of course do burst, but the housing market is not in the same category of other weaker and less competitive sectors of the economy.
Plus, this Administration is making it easier for people to purchase their own homes - a change that will help drive home development and sales. And, it will help more minorities become homeowners.