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Old 02-22-2011, 04:49 PM
 
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Do what you want Don but the fact remains no matter what chart, indices,graph or data figures you look at 4th quarter 2009 was the low point in the last 30 years for the housing market. Now is the time to buy. Now meaning since January 2010 and through January 2012 for the best prices you probably see in the next 50 years. One thing people seem to forget every year tens of thousands of people buy a first home in California. Once the supply dries up a little you will see a creep in prices. There is currently 10 trillion dollars in this country that people are holding on to currently waiting to spend. When the brakes let off you'll be caught looking.
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Old 02-22-2011, 05:03 PM
 
Location: San Luis Obispo and Santa Barbara Counties
6,390 posts, read 7,628,735 times
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home prices in SLO county are rising.

I read an interesting article today on natural decrease, a substantial percentage of counties in the US are losing population, and not just the usual culprits, the plains states and West Virginia, this time there are urban counties losing population, Riverside County was one of them. Due to the economy and foreclosures some urban counties are losing population

This article is a couple of years old (I put that there because someone is going to say Riverside County is not on it...) When Thanatos Beat Eros, Mapping Natural Population Decreases | Newgeography.com
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Old 02-22-2011, 05:25 PM
 
Location: So California
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Whatever uptick in SLO county home prices is definitely not a trend, things are still bogged down by distressed properties and shaky consumer confidence. Of course SLO county is a coveted area and will be fine, but its not there yet.

Read more: Small rise in SLO County home prices is expected - Local - SanLuisObispo.com

San Luis Obispo County’s real estate market is in for another challenging year as the economy inches slowly toward recovery.
Overall, the county’s housing market continues to be dominated by distressed property sales, contributing to the downward pressure on prices. Those who keep tabs on real estate say buyers and sellers should expect a slight improvement in 2011, but no significant swings up or down as the market struggles to regain its footing.


Like many communities statewide, prices in San Luis Obispo County have fallen dramatically and may continue to erode.
The overall median price in the county — the statistical point at which half of homes sold for more and half for less — was $318,500 in January, down 13.2 percent from the same month a year ago, when the median price was $366,750, according to DataQuick.
The January median dropped nearly 5 percent from $335,000 in December. DataQuick recorded a peak median of $585,000 in June 2006.
Sales activity was up 10.5 percent in January from the same month a year ago, but down 18.5 percent from December 2010.




Its affecting not only the lower income buyers, but renters to.

Read more: http://www.sanluisobispo.com/2011/02...#ixzz1EjmWiCKs
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Old 02-22-2011, 05:47 PM
 
Location: San Luis Obispo and Santa Barbara Counties
6,390 posts, read 7,628,735 times
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Census Finds 1 in 4 U.S. Counties are Dying - TIME (http://www.time.com/time/nation/article/0,8599,2053106,00.html - broken link)
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Old 02-22-2011, 05:58 PM
 
Location: So California
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Interesting, but I dont totally buy it. Its really easy to predict the sky is falling when we are in the midst of a major recession and correction. I do think that changes are needed, but they will be slow and based on necessity.
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Old 02-22-2011, 07:41 PM
 
5,113 posts, read 4,936,830 times
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Quote:
Originally Posted by bulldogdad View Post
Do what you want Don but the fact remains no matter what chart, indices,graph or data figures you look at 4th quarter 2009 was the low point in the last 30 years for the housing market. Now is the time to buy. Now meaning since January 2010 and through January 2012 for the best prices you probably see in the next 50 years. One thing people seem to forget every year tens of thousands of people buy a first home in California. Once the supply dries up a little you will see a creep in prices. There is currently 10 trillion dollars in this country that people are holding on to currently waiting to spend. When the brakes let off you'll be caught looking.
Not sure where you get your data but it's incorrect. The data is easily accessible and it shows listing price and selling price lower in December 2010 from December 2009. If you look at the graph below it shows median listing price and median selling price over that period in Orange County. Government intervention ended in October. January and February will show further declines when the data is published. Foreclosures are expected to increase in 2011 and home values are expected to decrease and some say by a lot.


http://missionviejohomesexpert.com/marketwatch/wp-content/uploads/2011/01/MedianForSalesolds1.bmp (broken link)
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Old 02-22-2011, 09:27 PM
 
Location: Las Flores, Orange County, CA
964 posts, read 2,345,653 times
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Increase Immigration to End Housing Crisis
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Old 02-23-2011, 12:26 AM
 
11,715 posts, read 35,869,308 times
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Numbers don't lie. Unless they do.


Home Sales Data Doubted

The housing crash may have been more severe than initial estimates have shown.

The National Association of Realtors, which produces a widely watched monthly estimate of sales of previously owned homes, is examining the possibility that it over-counted U.S. home sales dating back as far as 2007.


Home Sales Data Doubted - WSJ.com
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Old 02-23-2011, 06:24 AM
 
5,113 posts, read 4,936,830 times
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Quote:
Originally Posted by EscapeCalifornia View Post
Numbers don't lie. Unless they do.


Home Sales Data Doubted

The housing crash may have been more severe than initial estimates have shown.

The National Association of Realtors, which produces a widely watched monthly estimate of sales of previously owned homes, is examining the possibility that it over-counted U.S. home sales dating back as far as 2007.


Home Sales Data Doubted - WSJ.com
National Association of Realtors lied ... I'm shocked

They have been lying on a regular basis for years and one of the culprits in the housing bubble and crash.
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Old 02-23-2011, 06:35 AM
 
Location: Las Flores, Orange County, CA
964 posts, read 2,345,653 times
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Quote:
Originally Posted by Don9 View Post
one of the culprits in the housing bubble and crash.
Criminal investigation ends against Countrywide founder Mozilo - No charges filed | 89.3 KPCC

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