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Housing Is Bottoming, and It's Providing a Floor

By Jim Cramer

About this article:
Bob Toll of Toll Brothers says it right: Bernanke and Geithner and Obama have made you seem crazy if you don't buy a house now. They are throwing so many incentives your way and the housing companies are so desperate to sell with special features thrown in that you have to wonder why you wouldn't buy right now in most areas, simply because you have to wonder how much better it is ever going to get. You are competing against no one, the seller is desperate for you and will make things as easy as possible for you, the rates are the lowest in our lifetime, when you add in the perks and the tax breaks, the houses are back to levels that are before the housing boom. It is a kind of "what are you waiting for?" situation. I know that mortgage availability was supposed...

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