NEW YORK (Minyanville) -- Three years of wrong predictions notwithstanding, perma-bears are emerging from a winter's hibernation with tall tales of another impending collapse in home prices. They could not be more wrong.For pundits, academics, bloggers and others who get their market "color" from crunching numbers and poring over 50-page-long analyst reports, the situation is dire: Foreclosure machines are whirring again with the big attorney general settlement behind us, employment conditions remain tepid, and getting a mortgage isn't getting any easier. And while we may be years away from renewed, sustainable appreciations, there is little actual evidence to support the thesis that home prices are about to implode again. All the above statements by the likes of Zero Hedge may be true, but they only tell half the story and amount to a thinly veiled attempt at fear-mongering, whose real time for glory was in 2006, not 2012.
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