In response to:

Phony Jobs Math Not Helping Housing

Fred_PA_2000 Wrote: Feb 15, 2013 10:22 PM
No. But if we can get them registered as Democrats, that's good for the Party, which is all these scumbags care about.

What will drive demand for housing in 2013? Will it be pent up demand? That was the primary driver in 2012 when interest rates fell to the lowest on record for mortgages. Will it be investors who accounted for approximately 28% of all sales last year? Or will it be good old fashioned job growth adding to demand for homes?

Pent up demand is finite. After a certain period of time that demand becomes satisfied. Any sudden increase in interest rates and that demand disappears.

Investors are price sensitive buyers. They are driven by the bottom line. It...