Home Prices Continue Downward March (2010, foreclosures, how much)

[sweetpotato]

Home Prices Continue Downward March - WSJ.com

This article says that nationally, we are at 4Q 2002 prices, though I imagine the consensus here is that NJ prices will not go that low.

[bababua]

They will.

[CaptainNJ]

whats stopping it? government interference? government intrustion will either fail now or fail later and hurt us more in the long run.

[MoorestownResident]

Case Shiller is a lagging indicator. Still in areas where foreclosures are high, I'm sure prices are still falling.

Consumer confidence surges in May on brighter jobs outlook. CC is a coincident indicator and very important for consumer spending. This is very good news for the 2nd half of 2009.

MarketWatch.com Story

[bababua]

Originally Posted by MoorestownResident

Case Shiller is a lagging indicator. Still in areas where foreclosures are high, I'm sure prices are falling

Consumer confidence surges in March on brighter jobs outlook

MarketWatch.com Story

I love to read your utter bullcrap. Your post smell so bad I can smell them over the computer.
Please dont stop posting your crap, its funny to see you being proven wrong every single day.
When exactly was the bottom? Lagging Indicator = The Spin Zone....let me guess it will lag until you are proven right within the next few years??? Good Stuff. Just thought I would cut and post something about your soo called bottom...LOL! Keep up the terrible work.

"Still, three of the 20 metro areas reported record monthly declines: Minneapolis, Detroit and New York. Minneapolis had a 6.1% drop just in March, the biggest-ever monthly decline measured by the index."

[sweetpotato]

What I also wonder is - how much longer do you think the government will keep all the foreclosures from hitting the market? What are they going to do with that inventory and how will they manage it? Do you think that's the main reason prices haven't gone down in NJ as much?

[elflord1973]

Originally Posted by sweetpotato

Home Prices Continue Downward March - WSJ.com

This article says that nationally, we are at 4Q 2002 prices, though I imagine the consensus here is that NJ prices will not go that low.

NY metro down 4.5 points 177.8 to 173.3. That continues a string of record year on year declines.

[theoakman]

Originally Posted by MoorestownResident

Case Shiller is a lagging indicator. Still in areas where foreclosures are high, I'm sure prices are still falling.

Consumer confidence surges in May on brighter jobs outlook. CC is a coincident indicator and very important for consumer spending. This is very good news for the 2nd half of 2009.

MarketWatch.com Story

heh, lemme guess, it's been lagging for 3 years now?

[JG183]

Originally Posted by bababua

Lagging Indicator = The Spin Zone

no, Lagging Indicators are a known, quantifiable factor in economics.

Originally Posted by bababua

a 6.1% drop just in March

yawn, 6.1%

...after gains in both Jan. & Feb. it just means we're back to status quo

[Lusitan]

LOL

The entire housing market itself is a "lagging indicator".

That means that even if ... IF ... we pull out of this recession/depression by 2010, the housing market will continue to sink for probably another year or two. That's what lagging indicators do.

Doh.