Yes, I was puzzled by all of the financial talking head programs, including Kudlow and Cavuto with guests talking up the home housing market and how things are looking up.
I don’t believe any of it.
From what most of us have seen is our neighbors home mortgages underwater and for sale signs dotting the areas.
It's a question of perspective. Things are looking up compared to 08-09. However, residential real estate will not jump back to 05 levels because of demographics and a lack of lending, so a lot of people are going to be surprised to see their values stagnate and actually decline as inflation rises faster than value.
The idea of buying residential real estate as an investment should be discredited. The only reason to buy residential real estate is because you want to live there.