About Tim Aurora

Tim Aurora's most recent comments:

On 20 May 2013 in Housing Starts in U.S. Fell in April to Five-Month Low, Tim Aurora said:
Patrick says

Exactly! This canard is used over and over to fleece the sheeple.

Once again it is from the link that was posted to tout the "housing is in depression". So are you saying that you do not stand by the article you posted.
On 20 May 2013 in Mortgage deliquency rates plummeting, Tim Aurora said:
Wow. This simply means that the housing crisis is over. Finally
On 19 May 2013 in Signs of new housing bubble in several areas, Tim Aurora said:
Actually I agree that the price rise is going to take a break for the following reason

1.Inventory should expand. Tight inventory is boosting prices today as buyers bid up prices on scarce homes; however, as prices continue to rise, more people will sell as they get back above water or decide to cash out, and more new construction will add to inventory.
2.Mortgage rates should rise. Low mortgage rates today increase buying power because borrowers can afford a more expensive house for the same monthly payment. Rates are likely to rise as a result of the strengthening economy, either through market forces or Fed actions, which – along with more inventory – should slow down price gains.
3.Investor interest should fade. Undervalued prices have attracted investors, who have helped push up home prices as they have bought and rented out homes. But as prices rise, investor interest will fade.In fact investors will become sellers soon

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