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Old 10-22-2009, 09:30 PM
Status: "We live on the ocean" (set 14 days ago)
 
Location: Rockport Texas from El Paso
2,501 posts, read 4,842,810 times
Reputation: 1345

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The LVRJ says declines slowing - fiserv predicts another 20+% decline over the next year and then 5.5% decline and the Wall St Journal is pretty negative on LV for the next few years.


Looking at all three it seems the market will decline over the next year - perhaps 20% but it also shows slower declines after that and maybe leveling out in 2011.

Fiserv and WSJ have most US markets declining South Florida the worst- Detroit also but LV is always in the top 10 or bottom ten.
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Old 10-22-2009, 09:32 PM
 
31 posts, read 43,991 times
Reputation: 12
Links to sources?
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Old 10-22-2009, 09:38 PM
 
Location: NW Las Vegas - Lone Mountain
15,757 posts, read 20,749,417 times
Reputation: 2661
Quote:
Originally Posted by ocean2026 View Post
The LVRJ says declines slowing - fiserv predicts another 20+% decline over the next year and then 5.5% decline and the Wall St Journal is pretty negative on LV for the next few years.


Looking at all three it seems the market will decline over the next year - perhaps 20% but it also shows slower declines after that and maybe leveling out in 2011.

Fiserv and WSJ have most US markets declining South Florida the worst- Detroit also but LV is always in the top 10 or bottom ten.
Hmmm which of those guys projected the 50% drop in 2007?

that is the one I would believe.
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Old 10-22-2009, 10:19 PM
 
1,316 posts, read 1,462,956 times
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Quote:
Originally Posted by olecapt View Post
Hmmm which of those guys projected the 50% drop in 2007?

that is the one I would believe.
Shiller did exactly that.

But no one could have possibly seen this coming.

Ocean, FWIW, Fiserv acquired the index data from Case & Shiller that is now referred to as the Case-Shiller index.
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Old 10-22-2009, 10:32 PM
Status: "We live on the ocean" (set 14 days ago)
 
Location: Rockport Texas from El Paso
2,501 posts, read 4,842,810 times
Reputation: 1345
I had planned to link but I have seen some links blocked lately here is Fiserv story

Homes: About to get much cheaper - Oct. 20, 2009

Here's the LVRj story its the most positive

SOUTHERN NEVADA ECONOMY: Housing shows signs of recovery - Business - ReviewJournal.com

I'm trying to find the WSJ report and I don't believe I saw it in the WSJ however someone is distracting me - I may try again tomw 2out of 3 isnt bad for right now
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Old 10-22-2009, 10:34 PM
Status: "We live on the ocean" (set 14 days ago)
 
Location: Rockport Texas from El Paso
2,501 posts, read 4,842,810 times
Reputation: 1345
Found it ! I hate to say or for someone to quote a link and then not have it

Is the Housing Market About to Get Even Uglier? - WSJ.com

e36goff - I apologize!
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Old 10-22-2009, 11:11 PM
 
29 posts, read 35,334 times
Reputation: 19
Surprised they could still go lower, bought a house in Vegas in as primary residance 4/2006 or 306k, current value is 100k, so sounds like it will drop to about 80k within the next few years.
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Old 10-23-2009, 04:22 AM
 
Location: NW Las Vegas - Lone Mountain
15,757 posts, read 20,749,417 times
Reputation: 2661
Quote:
Originally Posted by tony soprano View Post
Shiller did exactly that.

But no one could have possibly seen this coming.

Ocean, FWIW, Fiserv acquired the index data from Case & Shiller that is now referred to as the Case-Shiller index.
Did he? Source? I will be particularly interested in the part where he says it will be driven by lender sales of foreclosed homes.
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Old 10-23-2009, 11:47 AM
 
1,316 posts, read 1,462,956 times
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Quote:
Originally Posted by olecapt View Post
Did he? Source? I will be particularly interested in the part where he says it will be driven by lender sales of foreclosed homes.
That has to be one of the more inane things I've seen from you in awhile...and that's saying a lot.

"Sure, he said the equities market was going to correct too, but I'd like to see the part where he said it would be driven by shareholders selling stock."
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Old 10-23-2009, 11:52 AM
 
Location: NW Las Vegas - Lone Mountain
15,757 posts, read 20,749,417 times
Reputation: 2661
Quote:
Originally Posted by tony soprano View Post
That has to be one of the more inane things I've seen from you in awhile...and that's saying a lot.

"Sure, he said the equities market was going to correct too, but I'd like to see the part where he said it would be driven by shareholders selling stock."
I love the way you duck admitting their is no such source.
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