Home prices rise for the first time in a year. (real estate, unemployment)

[MoorestownResident]

Home prices rise for the first time in a year, FHFA says - MarketWatch

[ghuber]

Not in NJ, I can assure you of that.

Not only that, but it doesn't seem odd to you that all this "positive" government based information is coming out during a time when the government has publically said they are trying to build consumer confidence?

I think this is just another spin put out in the news to make people believe things are better than they are... reality is, things are actually getting worse.

http://finance.yahoo.com/news/Home-p...-14728104.html

[sholden]

Originally Posted by MoorestownResident

Home prices rise for the first time in a year, FHFA says - MarketWatch

You know what I hate? Of course you don't, and you don't care but anyway...

The whole interweb thing has been around for a fair while now and still these idiot news sites don't provide simple up front links to the source data they are writing about. Probably because then it would be obvious that they were regurgitating press releases most of the time I guess.

Anyway the actual report which is a much better read than some idiot's writing after skimming it is at: http://www.fhfa.gov/webfiles/1853/MonthlyHPI32409.pdf

And for ghuber, a 1.5% increase in the region consisting of PA/NJ/NY.

So we have one set of reports saying lower prices but higher volumes, and another sating higher prices but lower volumes. Next week it Case-Shiller for January time - one that actually doesn't have skin in the game. The YoY number in that report is still a rather large drop.

[theoakman]

Originally Posted by MoorestownResident

Home prices rise for the first time in a year, FHFA says - MarketWatch

housing cheerleaders are funny. They try to grasp to any hope of good news, no matter how incredible the source is. Seriously, at some point, I just want to beat it out of people.

MoorestownResident, home prices don't increase when unemployment levels increase and GDP decreases (for you layman out there, that means when people are losing jobs and those that aren't are making less money), not even in your beloved Moorestown.

[JG183]

Don't be fooled by the negative comments. Those that talk bearish are buying, but don't want to tell just in case it falls again & they look like fools... The bulls on the other hand want you to jump in and that will show that they were/are right.

Me ? I just want the country to get better economically, so I guess I'm categorized as one of the R.E. bulls...

[tallguylehigh]

Originally Posted by theoakman

housing cheerleaders are funny. They try to grasp to any hope of good news, no matter how incredible the source is. Seriously, at some point, I just want to beat it out of people.

MoorestownResident, home prices don't increase when unemployment levels increase and GDP decreases (for you layman out there, that means when people are losing jobs and those that aren't are making less money), not even in your beloved Moorestown.

I swear, it seems that recently all the city-data forum has become is a playground where two packs of wild dogs show up in real estate threads to tear down one another.

There is a real estate forum on city-data, maybe a lot of these threads should be moved over there?

[NatasNJ]

Originally Posted by JG183

Don't be fooled by the negative comments. Those that talk bearish are buying, but don't want to tell just in case it falls again & they look like fools... The bulls on the other hand want you to jump in and that will show that they were/are right.

Me ? I just want the country to get better economically, so I guess I'm categorized as one of the R.E. bulls...

I don't think ANYONE here doesn't want the country to get better economically. How/what makes the country economically better is what they debate is really.

RE prices staying at bubble type prices or no lonnger declining in your eyes is a good thing and helps the country out.

RE prices dropping to customary historical prices where there is a income/price relationshop is where the bears think best suits the country.

Which is right? Where will the RE bottom be? No one really knows and how long it takes to get there is clearly up for debate.

[proboscis]

Originally Posted by tallguylehigh

I swear, it seems that recently all the city-data forum has become is a playground where two packs of wild dogs show up in real estate threads to tear down one another.

There is a real estate forum on city-data, maybe a lot of these threads should be moved over there?

yeah but these threads are better in this forum since they're local to nj

[tallguylehigh]

Originally Posted by proboscis

yeah but these threads are better in this forum since they're local to nj

Please show me where in the OP's post it references only the NJ market.

Thanks.

[proboscis]

To para-phrase what you said, there are a bunch of "real estate" threads being started in the forum lately. Usually (not always, like this thread, please forgive me), they are about real estate in NJ. Hope this helps.