Housing Bear Predicts a Rough 2019

James Stack, who forecast the 2008 real estate crash as well as last year’s housing slowdown, says that “housing could be heading for its worst year since the last housing crash,” according to a recent article in Bloomberg. Stack warned: “Expect home sales to continue on a downward trend in the next 12-plus months. And there’s a significant downside risk to housing prices if a recession takes hold.” Last January, the article reports, “Stack was… Read More

Could the Housing Market Be Too Hot?

A recent Bloomberg article reports that homebuilder stocks outperformed all other groups last year, offering different points of view and metrics regarding whether the market might be reaching pre-bubble levels. On the one hand, it says, “there are plenty of reasons to be optimistic,” citing the housing needs of millennials and baby boomers as factors expected to fuel demand in the coming years “if employment remains strong.” There has also been an uptick in first-time… Read More

The Return Of Bill Miller

Bill Miller, who beat the S&P 500 for a record 15 straight years before his portfolio was decimated in the financial crisis, has returned with a vengeance, with his fund in the top 1% of those in its class over the past three years and the top 7% over the past five years. And now Miller is loading up on stocks from two sectors that pounded him in the crisis.

Forester: More than Meets the Eye in Housing

Fund manager Tom Forester, who was the only equity fund manager to make money in 2008 when the housing and financial crises rocked markets, says issues still lurk beneath the surface of the rebounding housing market. While foreclosures and delinquencies have declined quite a bit, Forester tells Investor’s Business Daily that many foreclosed homes have been bought in recent years by hedge funds or wealthy investors, who wanted to rent out the properties to make… Read More

Shiller Sees Housing Rising In Short Term, Unsure About Long Term

Yale Economist and housing guru Robert Shiller says that he doesn’t think the U.S. housing market is in “boom territory”, but he does compare the current environment to the start of the late 1990s/early 2000s housing boom . Shiller tells FOX Business Network that he thinks home prices will probably keep going up for another six to 12 months. But after that, he says he’s not sure, as he’s worried that an environment of housing… Read More