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You "Genus(s)" can show all the stats you want. I'm seeing homes sell "big-time" this month in ranges > $400,000. There are many QUALIFIED Buyers out there that can afford the increased mortgage rates. Obviously I don't think "the media hype" was root cause for the Real Estate market turmoil. However, it influenced many qualified buyers NOT to purchase and/or LOWBALL Sellers with ridiculous offers. My best friend up North had 8 showings in October and already 9 in (November "of all months,lol"). 7 homes in the high $400,000, and 1 in the $500,000 sold since September in his neighborhood. I have the MLS Trend listings to prove it. LovesMountains may have a point in that the media hype discouraged qualified buyers from buying and deadlocked the market CONTRIBUTING to the slowdown not necessarily causing it. It's possible these qualified buyers are now dismissing the media hype and now starting to purchase real estate. This COULD create positive momentum for the 2008(and beyond) Real Estate market. Or it could be a "fluke". No doubt about it, homes are selling much better since September, especially in the higher priced homes $400,000 and up.
You "Genus(s)" can show all the stats you want. I'm seeing homes sell "big-time" this month in ranges > $400,000. There are many QUALIFIED Buyers out there that can afford the increased mortgage rates. Obviously I don't think "the media hype" was root cause for the Real Estate market turmoil. However, it influenced many qualified buyers NOT to purchase and/or LOWBALL Sellers with ridiculous offers. My best friend up North had 8 showings in October and already 9 in (November "of all months,lol"). 7 homes in the high $400,000, and 1 in the $500,000 sold since September in his neighborhood. I have the MLS Trend listings to prove it.
What planet are your living on? Where is this happening? Nobody said there weren't QUALIFIED buyers at ALL. You're referencing SHOWINGS as an indicator? Up "North?
I'm sitting here on Long Island in NY... I bought my house for 400k 3 1/2 years ago. I just had an engineer in today for a short sell at 375k after 1+ years on the market. This is a positive trend?!?!
Please know what you're talking about before posting.
Quote:
LovesMountains may have a point in that the media hype discouraged qualified buyers from buying and deadlocked the market CONTRIBUTING to the slowdown not necessarily causing it. It's possible these qualified buyers are now dismissing the media hype and now starting to purchase real estate. This COULD create positive momentum for the 2008(and beyond) Real Estate market. Or it could be a "fluke". No doubt about it, homes are selling much better since September, especially in the higher priced homes $400,000 and up.
I'll pretend that you didn't contradict yourself on the media hype after saying "Obviously I don't think "the media hype" was root cause".
Regarding these positive signs you see in sales... I made this statement on like the 1st post I made here. Please post data to support where in the "North" CLOSINGS increased in September compared to last year, when you factor in the TOTAL INVENTORY. If percentage wise the same amount or more is selling this year, I would be very interested in seeing that.
Not living on your planet, Genus. Long Island is just one area in the the North that may not be doing well and you're just one seller. I agree that the "media hype" CONTRIBUTED to the SLOWDOWN not cause it. LoveMountains didn't say it soley caused the ENTIRE slowdown. So where's the contradiction, Genus ?? I'm referencing increased showings and closings in the LAST FEW MONTHS "3" (not 0 to 3 year trends on Long Island) which is normally slow this time of year. I don't have to prove anything to you, Genus. I have the proof and it's my opinion. I see what's selling and I read the MLS Trend reports. You should read my posts before getting all frustrated, Genus. Again I'm seeing improvements the LAST FEW MONTHS compared to the rest of 2007, Genus.
Normally real estate transactions are low volume this time of year and I was surprised with the amount of homes selling in the last 12 WEEKS and just wanted to know "why ?" "WHY????" Gotta read better, Genus. I'm just not sure how specific I can get when I say the last 3 months including the month of November. Also I mentioned POSITIVE MOMENTUM for 2008 not POSITIVE TREND. You know what, give your Long Island home away, lol. I give up.
Quote:
Originally Posted by MikeyKid
What planet are your living on? Where is this happening? Nobody said there weren't QUALIFIED buyers at ALL. You're referencing SHOWINGS as an indicator? Up "North?
I'm sitting here on Long Island in NY... I bought my house for 400k 3 1/2 years ago. I just had an engineer in today for a short sell at 375k after 1+ years on the market. This is a positive trend?!?!
Please know what you're talking about before posting.
I'll pretend that you didn't contradict yourself on the media hype after saying "Obviously I don't think "the media hype" was root cause".
Regarding these positive signs you see in sales... I made this statement on like the 1st post I made here. Please post data to support where in the "North" CLOSINGS increased in September compared to last year, when you factor in the TOTAL INVENTORY. If percentage wise the same amount or more is selling this year, I would be very interested in seeing that.
Please post data to support where in the "North" CLOSINGS increased in September compared to last year, when you factor in the TOTAL INVENTORY. If percentage wise the same amount or more is selling this year, I would be very interested in seeing that.
Data??!! But he TOLD you that his friend up "NORTH" had 8 showings....
Not living on your planet, Genus... contradiction, Genus ?? ... to you, Genus.... frustrated, Genus. ...rest of 2007, Genus.
... better, Genus.
Dictionary.com -
Genus - 1. Biology. the usual major subdivision of a family or subfamily in the classification of organisms, usually consisting of more than one species.
2. Logic. a class or group of individuals, or of species of individuals.
3. a kind; sort; class.
Genius - 1. an exceptional natural capacity of intellect, especially as shown in creative and original work in science, art, music, etc.: the genius of Mozart.
2. a person having such capacity.
3. a person having an extraordinarily high intelligence rating on a psychological test, as an IQ above 140.
4. natural ability or capacity; strong inclination: a special genius for leadership.
5. distinctive character or spirit, as of a nation, period, or language.
6. the guardian spirit of a place, institution, etc.
7. either of two mutually opposed spirits, one good and the other evil, supposed to attend a person throughout life.
8. a person who strongly influences for good or ill the character, conduct, or destiny of a person, place, or thing: Rasputin, the evil genius of Russian politics.
I am sorry ATLBOUND which meaning was it you were going after, when you referred to MikeyKid?
You "Genus(s)" can show all the stats you want. I'm seeing homes sell "big-time" this month in ranges > $400,000. There are many QUALIFIED Buyers out there that can afford the increased mortgage rates. Obviously I don't think "the media hype" was root cause for the Real Estate market turmoil. However, it influenced many qualified buyers NOT to purchase and/or LOWBALL Sellers with ridiculous offers. My best friend up North had 8 showings in October and already 9 in (November "of all months,lol"). 7 homes in the high $400,000, and 1 in the $500,000 sold since September in his neighborhood. I have the MLS Trend listings to prove it. LovesMountains may have a point in that the media hype discouraged qualified buyers from buying and deadlocked the market CONTRIBUTING to the slowdown not necessarily causing it. It's possible these qualified buyers are now dismissing the media hype and now starting to purchase real estate. This COULD create positive momentum for the 2008(and beyond) Real Estate market. Or it could be a "fluke". No doubt about it, homes are selling much better since September, especially in the higher priced homes $400,000 and up.
Good send them to me!
I was just reading the Charlotte Business Journal, and they had an article about the closings dropping, the number of homes sold, fell 23% from this time last year, etc... Also had an article online about how foreclosures went down for the month of Sept. But the latest (hardcopy) copy I have in my hand talks about on page 6 -
"Major Rise in Foreclosures boosts banks' homes sales"
Which went on to say more than 8% of home sales in Charlotte area are foreclosed on. Also said "that is a 16% increase from previous quarter and a 31% rise over the third quarter 2006 and a whopping 363% increase since the first quarter of 2006."
So while there maybe a slight spike with some people you know "up north" of people finally, selling or buying a home, I predict it is just a pre-holiday rush. or maybe some investors boosting banks' homes sales
Genus - 1. Biology. the usual major subdivision of a family or subfamily in the classification of organisms, usually consisting of more than one species.
2. Logic. a class or group of individuals, or of species of individuals.
3. a kind; sort; class.
Genius - 1. an exceptional natural capacity of intellect, especially as shown in creative and original work in science, art, music, etc.: the genius of Mozart.
2. a person having such capacity.
3. a person having an extraordinarily high intelligence rating on a psychological test, as an IQ above 140.
4. natural ability or capacity; strong inclination: a special genius for leadership.
5. distinctive character or spirit, as of a nation, period, or language.
6. the guardian spirit of a place, institution, etc.
7. either of two mutually opposed spirits, one good and the other evil, supposed to attend a person throughout life.
8. a person who strongly influences for good or ill the character, conduct, or destiny of a person, place, or thing: Rasputin, the evil genius of Russian politics.
I am sorry ATLBOUND which meaning was it you were going after, when you referred to MikeyKid?
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Genus or Genius?
Hope and pray you are right... but
or maybe some investors boosting banks' homes sales
