U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-20-2013, 12:05 AM
 
4,174 posts, read 2,786,931 times
Reputation: 2629

Advertisements

With housing prices nationwide (on average, adjusted for inflation) being at roughly 1999 levels, I have a difficult time seeing a new housing bubble.

Real Estate Charts: Graphs of inflation-adjusted, historical housing prices.

Here is some data on North San Diego county:

HOUSING: North County median house price drops like it's 2009 | UTSanDiego.com

Hard to see dramatic price appreciation in the data.

Some markets that were hit the hardest, may have gone too far and thus resulted in short term corrections, however.
Reply With Quote Quick reply to this message

 
Old 03-20-2013, 02:46 AM
 
12,973 posts, read 12,156,757 times
Reputation: 5398
Quote:
Originally Posted by shaker281 View Post
With housing prices nationwide (on average, adjusted for inflation) being at roughly 1999 levels, I have a difficult time seeing a new housing bubble.

Real Estate Charts: Graphs of inflation-adjusted, historical housing prices.

Here is some data on North San Diego county:

HOUSING: North County median house price drops like it's 2009 | UTSanDiego.com

Hard to see dramatic price appreciation in the data.

Some markets that were hit the hardest, may have gone too far and thus resulted in short term corrections, however.

The North Country article is 18 months old. SD is up about 10% in the last year according to Case Shilller.
Reply With Quote Quick reply to this message
 
Old 03-20-2013, 03:51 AM
 
4,174 posts, read 2,786,931 times
Reputation: 2629
Quote:
Originally Posted by lvoc View Post
The North Country article is 18 months old. SD is up about 10% in the last year according to Case Shilller.
Right, but still not the 5-9% per month I was responding to. And a 10% annual increase after a severe drop doesn't foretell a bubble.

Can you point me to data showing Buffalo or Vegas have "doubled in the past year"?
Reply With Quote Quick reply to this message
 
Old 03-20-2013, 07:21 AM
 
12,973 posts, read 12,156,757 times
Reputation: 5398
That is a particular tract in Las Vegas. Prices in that tract have gone from under $50000 to just over a $100000
Reply With Quote Quick reply to this message
 
Old 03-20-2013, 02:46 PM
 
Location: Waterworld
1,025 posts, read 1,176,918 times
Reputation: 934
There are houses in the Houston city limits that would have sold for $80k last year that are now selling for $400k. Sooooo..
Reply With Quote Quick reply to this message
 
Old 03-20-2013, 10:17 PM
 
4,174 posts, read 2,786,931 times
Reputation: 2629
While Houston is indeed experiencing a boom, I cannot find any evidence to support 500% price increases.
Links?
Reply With Quote Quick reply to this message
 
Old 03-21-2013, 02:23 AM
 
4,174 posts, read 2,786,931 times
Reputation: 2629
Without details these claims are meaningless or perhaps isolated. I'd love to see details (links?). But no one seems able to provide specifics.

Chart? Graph? Article? Listing? Sales data?

I did find this:

http://www.cnbc.com/id/100522314

Last edited by shaker281; 03-21-2013 at 02:37 AM..
Reply With Quote Quick reply to this message
 
Old 03-21-2013, 11:42 AM
 
Location: Waterworld
1,025 posts, read 1,176,918 times
Reputation: 934
Granted there were renovations.. missed over that the first time.

Expanding an Eastwood Bungalow Up and Out Swamplot: Houston's Real Estate Landscape
Reply With Quote Quick reply to this message
 
Old 03-21-2013, 01:33 PM
 
Location: Los Angeles (Native)
24,250 posts, read 13,725,676 times
Reputation: 11415
Wow that's amazing regarding the Houston Market. I don't live in TX , but bought some condos for $10k years in 2007 I believe. It looks like they start at $15k now.

It's amazing though that the desirable niche areas in certain cities/areas can sell for such huge amounts. It doesn't match up with the news data that "home prices are up 10%" or whatever . Of course most of these properties have significant renovations but still...I am sure there are huge profits on these flips in these areas.
Reply With Quote Quick reply to this message
 
Old 03-21-2013, 03:21 PM
 
Location: Whittier, CA
494 posts, read 1,535,359 times
Reputation: 450
It's funny that people refer to Houston as having a bubble and Southern California as a normal market when the reality is exactly the opposite if you look at prices relative to income and unemployment.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top