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Standing Firm but Alone on Housing

By Jim Cramer

About this article:
Lots of things are coming together for housing, but nobody seems to care. We had Wells Fargo the other day offer attractive interest-only mortgage loans to those in trouble, a bet that eventually housing will go higher. We had Fannie Mae allow people in trouble to rent to stay in their homes, and the government is going to extend the tax credit for homebuyers and broaden it. Plus, mortgage rates went under 5% again. But nobody cared. No one. All of those housing bears that cited and recited every single piece of negative housing data any time it came up, all of those who touted the Amherst report on shadow inventory, or those who pooh-poohed me when I said that housing was done going down -- the numbers indicate I am right but no one pays attention to positive numbers -- simply can't even put...

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