Tag Archives: Home prices bottoming out? Not so fast

A home price bottom could stimulate real estate demand, but contrarians are betting against a recovery in 2012. In fact, Lance Roberts, CEO of StreetTalk Advisors, is pushing back at reports claiming affordable home prices will lure consumers. Despite affordable prices, Roberts says consumers are too over-leveraged to buy a home and unable to qualify for a mortgage or save for a 20% down payment. Roberts says a recent National Association of Realtors housing affordability index is overly optimistic in its suggestion that low prices could stimulate activity. He sees […]