TheStreet.com’s Jim Cramer is so convinced we’re at the bottom of the housing market that he’s actively looking for investment properties to buy for himself.
Sometimes I am desperate to prove a point. We have tons of data from the National Association of Realtors — not commentary, but data — that shows houses are bottoming out in price and trading again. We have neighborhood-by-neighborhood and county-by-county numbers that show high-velocity sales — a sign of a bottom — and lower cancellations in California. We have Bob Toll calling me to get on simply because he wants to tell people that there is at last light at the end of the tunnel — this after he has told me for two years that things were terrible. And this is a man who had simply stopped grading his territories because they were all F’s. Read more