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In The News Today

Posted: Nov 01 2010     By: Jim Sinclair      Post Edited: November 1, 2010 at 11:10 am
Filed under: In The News

Jim Sinclair’s Commentary
Not exactly dollar positive.

U.S. home prices expected to slide another 8% Les Christie, staff writer, On Monday November 1, 2010, 6:54 am EDT
The robo-signing controversy is just another issue that the already sluggish housing market didn’t need — but most analysts do not think it will have far-reaching impact.
Nevertheless, the housing market still faces many problems: a weak economy, sluggish hiring, tight mortgage underwriting, falling home prices, and slowing sales.
Then there’s the potentially disastrous number of foreclosures that may occur over the coming years.
"The market faces much bigger problems than the robo-signing issue," said Mike Larson, a housing market analyst for Weiss Research.
Prime among them are declines in home prices. And while cheaper homes are good for buyers, they also speak to a housing market that won’t stabilize.
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