If Christine Romans is right in her analysis of the housing mkt.

[napi21]

it will never see a recovery! She said the housing prices are still down 30% from their peak. Well DUH! Many area housing prices were so over inflated they'll never go that high again...at least I hope they don't.

I see some improvement in the housing business, and I sure don't think it's as bad as Romans & her money buddies are portraying.

[scheming daemons]

1. Housing market in my area never went down

SW PA.

[sandnsea]

2. They were inflated to support the derivative scheme

Without the derivative scheme to invest in, there's no reason to write all those phony mortgages. We'll have a housing market that matches salaries again, or at least closer than it has for many years. You can't have median housing at $250,000+ when median salaries are $15.00 hr.

[sinkingfeeling]

3. Is she defining 'recovery' as housing prices? Never having them inflate again doesn't mean the

housing market won't have recovered.

[bullimiami]

4. never is a long time. it was a severe correction for some very over inflated markets.

some markets which didnt experience the boom also avoided a bust.

[madmax]

5. During Raygun's administration

when mortgage rates were at 16 -18% the 'experts' said we'd never see single digit mortgage rates again.