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Real Estate Turnaround

By Jim Cramer

 About this article:
 Alt-A. Endless bank foreclosures. Commercial real estate. These are the big three worries that will not be killed by data, rigor or common sense, no matter what happens. Doesn't it occur to anyone that there already should have been a big spike in commercial real estate losses by now? That the decline in the economy has lasted long enough that it should have manifested itself? Doesn't anyone think that there should have been a big commercial real estate bad-debt bump at a Citigroup or a JPMorgan Chase or a Wells Fargo? How about Alt-A? Wouldn't Hudson City Bancorp, now one of the largest lenders in the hard-hit New York area, have more than four Alt-A (higher-end) foreclosures? FOUR? Should have been at least double, no? (Ha!) And bank foreclosures hitting real estate markets? California's median home price has gone up for three straight months. The fact that...

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