Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

2/5/2013 (3 years ago)

Catholic Online (www.catholic.org)

Plan on paying rent for awhile longer.

If you have been waiting to buy a home, you may have missed the boat, at least at the lowest prices. Prices posted record gains in December fueling speculation of another boom in the market. However, market conditions still keep many from buying.

Sold! But to an investor, not to you...

Sold! But to an investor, not to you...

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

2/5/2013 (3 years ago)

Published in U.S.

Keywords: rent, housing, speculators, investors, market, increase, decline, fundamentals


LOS ANGELES, CA (Catholic Online) - Housing booms are typically good for the economy and a sign of good times, but Americans were so badly burned the last time around, that caution is the watchword now.

California home prices jumped 12.6 percent compared to December, 2011, making the state's prices some of the highest in the nation again. Economists say there's real substance behind the rise, with strengthening fundamentals.

However, strengthening prices are also likely to invite speculators. If the long-term prognosis is continued growth, speculators may enter the market in a fresh wave, looking to make money on quick turnarounds.

Such an influx of speculators would drive home prices up further.

Currently, investors are buying homes at a competitive rate, with traditional homeowners still struggling to buy. And with supply of new and existing homes dropping and demand increasing, prices will only rise. Unfortunately, the average working-class American will still face an uphill battle to buy a home, unless he has good credit and is willing to settle.

Difficult lending terms make it hard for many buyers to obtain financing and existing owners are more likely to sell to investors who have cash on hand, cutting out banks altogether.

If this bears out, then the boom may be a bust of another sort for many working-class Americans.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for May 2016
Universal:
Respect for Women: That in every country of the world, women may be honored and respected and that their essential contribution to society may be highly esteemed.
Evangelization: Holy Rosary: That families, communities, and groups may pray the Holy Rosary for evangelization and peace.



Comments


More U.S.

BREAKING: ISIS kills Navy SEAL Watch

Image of ISIS breaks Peshmerga lins to kill U.S. Navy SEAL (navysealsmuseum).

By Kenya Sinclair (CALIFORNIA NETWORK)

A U.S. Navy SEAL was killed in the line of duty when ISIS forces pushed their way through a Kurdish Peshmerga line. LOS ANGELES, CA (Catholic Online) - "It is a combat death, of course. And a very sad loss," U.S. Secretary of Defense Ash Carter said during an official ... continue reading


'It was an escape:' father of Scientology founder tells all Watch

Image of Ron Miscavige, the father of Scientology leader David Miscavige, opens up (20/20)

By Kenya Sinclair (CALIFORNIA NETWORK)

Ron and Becky Miscavige escaped the California Scientology compound known as the "Gold Base" and have stepped forward to share their story. LOS ANGELES, CA (Catholic Online) - Scientology is a quiet religion shrouded in secrets - many of which are believed to be ... continue reading


'Clown-in-Chief' Obama makes skit about retirement, but here's why we're not laughing Watch

Image of Obama thinks he's a comedian, but some matters are too serious to joke about.

By David Drudge (CALIFORNIA NETWORK)

President Obama, in an act of self-depreciating humor, has made a SNL-style spoof about his retirement. While amusing at moments, we can't decide if the video is good, because to make it he had to take time away from issuing executive orders, or bad, because it must ... continue reading


CIA under fire for 'live tweeting' dramatic Bin Laden raid on 5 year anniversary Watch

Image of Though some patriots were pleased to see the tweets, several compared the CIA to ISIS and their propaganda videos.

By Kenya Sinclair (CALIFORNIA NETWORK)

The CIA celebrated the 5-year anniversary of Osama bin Ladin's death by posting "live tweets" of the raid that killed him. LOS ANGELES, CA (Catholic Online) - For those who don't have a Twitter account, the CIA posted a timeline of the raid on their website.The tweets ... continue reading


Athanasius, Defender of the Incarnation: Defend the Faith! Watch

Image of St. Athanasius, Bishop and Doctor of the Incarnation

By Deacon Keith Fournier

The Bishop and Doctor of the Church whom we honor today in the Roman Catholic Liturgical Calendar was called the Defender of the Incarnation. This title summarizes a life given over to defending the central Christian claim - about who Jesus is and who we can be - ... continue reading


No Phony Truces in the Battle to Block Most Anti-Life, Liberal Court in a Generation

Image of The United States Supreme Court

By J. Kenneth Blackwell

While much of our attention is on the Presidential race, the looming battle over a Supreme Court nomination merits no less attention.  The battle lines are clear in this nomination and the future of the Court and our Constitutional principles are at ... continue reading


Fr Frank Pavone - Amoris Laetitia: Pope Francis' Encouraging Roadmap for Families Watch

Image of Fr Frank Pavone, National Director, Priests for Life

By Fr. Frank Pavone, National Director, Priests for Life

Amoris Laetitia is a timely and loving exhortation for families towards genuine charity that begins within the nuclear family. It can be described as a new road-map for a culture that has taken a sad and tragic detour. The Joy of Love recognizes women's ... continue reading


Catherine of Siena: We Need Saints for this Missionary Age Watch

Image of Today, in the Roman Catholic Liturgical Calendar, we commemorate one of the greatest women saints of Christian history, Catherine of Siena.  While praying at Peter's tomb, she experienced the great weight of the Church fall on her shoulders.

By Deacon Keith Fournier

Father, raise up women like Catherine of Siena for this new missionary age of your Church. Women who are so in love with you, and so conformed to the Image of your Son, they can do for your Church in this hour, what she did in her own. Saints are a gift for the ... continue reading


Christian student shockingly dropped from master's program for practicing religious rights Watch

Image of Andrew Cash was discriminated against for practicing his religious rights (YouTube).

By Kenya Sinclair (CALIFORNIA NETWORK)

Andrew Cash practiced his religious rights at Missouri State University - and was dismissed from the master's program in counseling as a result. LOS ANGELES, CA (Catholic Online) - According to the Catholic News Agency, Cash was referring same-sex couples to another ... continue reading


Not a newsflash, U.S. government authorized use of propaganda on American people...in 2013. Here's who to blame Watch

Image of Obama signed the amendment into law in 2013.

By David Drudge (CALIFORNIA NETWORK)

Does the news seem a little too pro-American to you? Does it seem reporters pull punches and that the real issues are ignored? Perhaps that's the result of a quiet change to the law that took place in 2013. A law banning the use of government propaganda on the American ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • St. James the Lesser: Saint of the Day for Tuesday, May 03, 2016
  • BREAKING: ISIS kills Navy SEAL
  • ICE gets more money, deports fewer illegals. Where's the money going?
  • St. Matthew HD Video
  • We are THIS close to finding life on another planet
  • Daily Reading for Thursday, May 5th, 2016 HD Video
  • Daily Readings for Tuesday, May 03, 2016

Daily Readings

Reading 1, First Corinthians 15:1-8
1 I want to make quite clear to you, brothers, what the message of the ... Read More

Psalm, Psalms 19:2-3, 4-5
2 day discourses of it to day, night to night hands on the ... Read More

Gospel, John 14:6-14
6 Jesus said: I am the Way; I am Truth and Life. No one can come to the ... Read More

Saint of the Day

Saint of the Day for May 3rd, 2016 Image

St. James the Lesser
May 3: St. James the Less, the author of the first ... Read More