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07-28-2009, 09:42 AM
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Join Date: May 2009
36 posts, read 16,326 times
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Home Prices
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07-28-2009, 11:40 AM
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Senior Member
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Join Date: Sep 2007
1,185 posts, read 714,297 times
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Quote:
Originally Posted by paulyc44
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It is just one month to month uptick...year over year is still down 17%. Could simply show that the decline is lessening, more than any sort of upswing. Lies, damn lies, then statistics. The housing market is going to be in stagnation at best for a very long time until some equilibrium is reached and people start getting hired again. |
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07-28-2009, 10:42 PM
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Join Date: Aug 2007
76 posts, read 36,370 times
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The following graphs tell the story a bit better, as taken from here: http://blog.redfin.com/newyork/2009/...seasonal_gain/
Basically, this happened last year too. It's seasonal, and should happen every year. Home prices are not on their way back up, and we are still down year over year.
Last edited by MiddleIslander; 07-28-2009 at 10:57 PM..
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07-29-2009, 08:06 AM
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Senior Member
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Join Date: Jan 2009
117 posts, read 66,587 times
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Although I turn on CNN over most other news outlets - I take their stories, polls and statistics about as seriously as The Onion, but without the humour of course 
The market is not in recovery mode and anyone who tells you differently has something to gain from that lie (property sellers, REA's, Banks, etc, etc) |
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07-29-2009, 08:35 AM
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Join Date: May 2009
36 posts, read 16,326 times
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Quote:
Originally Posted by MiddleIslander
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A much better picture indeed! |
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07-29-2009, 11:33 PM
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Member
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Join Date: Aug 2007
76 posts, read 36,370 times
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Quote:
Originally Posted by ClarkStreetKid
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Here's a bit of news, specifically about New York.
"The GAO study released Tuesday predicts that the number of foreclosures on homes backed by subprime or low-documentation mortgages could easily double in the coming months or years, which could put tremendous pressure on housing prices throughout the city and suburbs."
Prepare for more foreclosures … many more - Crain's New York Business |
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