Housing has begun it's price collapse in upstate (New York, Albany: home, neighborhood)

[Pismo Clam]

Originally Posted by garmin239

omg, did you even read the sites you are referencing?
I will take a couple of examples from my metro area.

Monroe County. Feb 08- $108,000. Feb 09 $118,000
Ontario County. Feb 08- $129,000. Feb 09 $181,850

Those are just two examples from my area. EVERY county in the state is not dropping in value like you are claiming.
You keep talking about people making unquantified claims when thats all you are doing on several different subjects.

MONROE County median for latest FULL quarter to quarter median price; Q3 median: 127k, Q4 median: 115k equaling a 9.4% price decline.
ONTARIO County median for latest FULL quarter to quarter median price; Q3 median: 142k, Q4 median: 119k equaling a 16.3% price decline.

Of course the evaporating pool of buyers buying their was up the food chain and getting more house for the same price, further pushing down the lower end completely eludes you.

Your Trump like dreams are evaporating.

[garmin239]

Where are you pulling that info out of? You were talking about year to year and I posted the numbers from year to year.

[cheese9988]

A web site I found that can break down sales data by zip code. Kinda of interesting.
Monroe County Home Prices and Heat Map - Trulia.com


And I can really break this down.
14609, Rochester average and median listing prices - Trulia.com
Which gives me confidence, because for my zip code even though sales/prices are REALLY down for the quarter, the median housing prices are still up from ten years ago. And if you look at the prices before the recession it was actually doing good.

[acknight]

Originally Posted by Pismo Clam

MONROE County median for latest FULL quarter to quarter median price; Q3 median: 127k, Q4 median: 115k equaling a 9.4% price decline.
ONTARIO County median for latest FULL quarter to quarter median price; Q3 median: 142k, Q4 median: 119k equaling a 16.3% price decline.

So now year to year = quarter to quarter?

http://www.nysar.com/pdfs/monthmedian.pdf - that is the link, on NYSAR, to the monthly housing survey. Note the %change column for Feb 08-Feb 09: I count at least 10 counties in the state with positive numbers. Looking at the Feb 07-Feb 09 %change column, there's still a half dozen in the positive column. That's median sales prices over the last two years by county. There are even a few showing positive gains from Jan 09 to Feb 09.

Sales volume is down nationwide. Prices, on the other hand, are holding fairly steady in many counties of this state.

[cheese9988]

Originally Posted by acknight

So now year to year = quarter to quarter?

http://www.nysar.com/pdfs/monthmedian.pdf - that is the link, on NYSAR, to the monthly housing survey. Note the %change column for Feb 08-Feb 09: I count at least 10 counties in the state with positive numbers. Looking at the Feb 07-Feb 09 %change column, there's still a half dozen in the positive column. That's median sales prices over the last two years by county. There are even a few showing positive gains from Jan 09 to Feb 09.

Sales volume is down nationwide. Prices, on the other hand, are holding fairly steady in many counties of this state.

+1 like I said, I'm looking long term, and I assume most people are. I doubt people who sell short term can sell within four months. Not to mention if the house needs to be fixed up at all.

[Pismo Clam]

Originally Posted by acknight

Sales volume is down nationwide. Prices, on the other hand, are holding fairly steady in many counties of this state.

Nice try at a broad brush statement. Who was it that couldn't resist saying "sweeping generalization"? Of course nobody here can comprehend the nuance of median price movement and the shrinking pool of buyers buying their way up the food chain at the same or lesser cost.

[acknight]

Originally Posted by Pismo Clam

Nice try at a broad brush statement. Who was it that couldn't resist saying "sweeping generalization"? Of course nobody here can comprehend the nuance of median price movement and the shrinking pool of buyers buying their way up the food chain at the same or lesser cost.

Do keep up. Sales, per the numbers you linked as well as every report out there, are down year-over-year across the country (that would be the meaning of "nationwide") - hence the "sweeping generalization" which is true.

When challenged, you have switched your metric nearly every time in this thread.

You've argued year to year numbers are down in every county, and when challenged with your own links' contents, you switch to quarter to quarter.

In a thread about price collapse, you switched your citations to sales volume.

Of course nobody here can comprehend the nuance of median price movement and the shrinking pool of buyers buying their way up the food chain at the same or lesser cost.

Except that there's little if any median price movement in many counties, either year over year or over the last two released months per the NYSAR documents you linked. There is a shrinking pool of buyers, but in many counties (my own: Onondaga) they're not seeing any abnormal shift in what their money will get them - in either direction. Prices are holding pretty steady here, within the same several thousand dollars of list price as has been the pattern here unless a home needs a lot of work.

[Pismo Clam]

Originally Posted by acknight

Do keep up. Sales, per the numbers you linked as well as every report out there, are down year-over-year across the country (that would be the meaning of "nationwide") - hence the "sweeping generalization" which is true.

When challenged, you have switched your metric nearly every time in this thread.

You've argued year to year numbers are down in every county, and when challenged with your own links' contents, you switch to quarter to quarter.

In a thread about price collapse, you switched your citations to sales volume.



Except that there's little if any median price movement in many counties, either year over year or over the last two released months per the NYSAR documents you linked. There is a shrinking pool of buyers, but in many counties (my own: Onondaga) they're not seeing any abnormal shift in what their money will get them - in either direction. Prices are holding pretty steady here, within the same several thousand dollars of list price as has been the pattern here unless a home needs a lot of work.

The metric hasn't switched not once but do go on with your "it's different here" realtor induced market distorting mantra. How the evaporating pool of buyers impacts the price structure is clearly something that eludes the limited ability of a used house salesman to comprehend but do try to follow along.

The dopes with the vociferous denial are the same individuals who have an equity stake in prices moving upward...... welcome to my collapsing housing price thread.

[seren77]

I kind of agree that prices seem to stay at where they have been and not go down. At least the asking prices. That has been my experience so far. A very good reason noone buys a house right now. A good reason I am renting instead of buying though I can afford. I am not sure why any realtor would be happy with that tough. I thought they would rather see sales volume going up while prices go down. Maybe I am wrong.

[acknight]

Originally Posted by Pismo Clam

2) And the data showed declining prices on a year over year basis in EVERY SINGLE COUNTY IN NY.

That (#38 in this thread) is where you made your claim that the NYSAR data (which you linked) showed declining prices on a year over year basis in every county in NY.

Which has been disproved several times with an actual look at the document in question. When challenged on that assertion (because it's blatantly false, per your own supporting documentation) you switched to talking about Q3/Q4 data.

The metric hasn't switched not once but do go on with your "it's different here" realtor induced market distorting mantra. How the evaporating pool of buyers impacts the price structure is clearly something that eludes the limited ability of a used house salesman to comprehend but do try to follow along.

The above would be an example of your metrics switching (year-to-year -> quarter to quarter; confusion of sales volume with sale prices [hint: one is down in every county by double digits - that'd be volume - your own supporting documents don't support a similar claim for prices]