Phoenix area home values- November, 2010 --- (2014, broker, vacation home)

[Ritchie_az]

Originally Posted by EnicAZ

Ritchie,

If you have had a chance to look at the data, the falling price declines have just begun unfortunately. Did you see AirConcerns MLS link?

The sky is falling! The sky is falling!
Did you open any of the links provided by MN-Born-n-Raised, Captain Bill and others?

[EnicAZ]

Originally Posted by Ritchie_az

The sky is falling! The sky is falling!
Did you open any of the links provided by MN-Born-n-Raised, Captain Bill and others?

Lol, ritchie.

I only go by the solid, uninterpreted data, which shows Phoenix home values in a free fall. This is truly sad, but it is expected as a response to what has been happening in the market. The pending declines continue to show how investors are vacating the market to avoid major losses.

[gtbguy]

Originally Posted by PhoenixAirConcerns

With Phoenix realtors themselves saying we have major price declines coming, it is really scary just how much farther we have to go.

My realtors are not saying that at all, I only hear that there is more inventory becoming available through out all of 2011. Of course there is always the chance prices will come down a bit with the extra inventory but I don't expect to see the market tank. I guess I'm one that doesn't believe the sky is falling. Its healthier to focus on the positives than all the negatives.

[EnicAZ]

Originally Posted by gtbguy

My realtors are not saying that at all, I only hear that there is more inventory becoming available through out all of 2011. Of course there is always the chance prices will come down a bit with the extra inventory but I don't expect to see the market tank. I guess I'm one that doesn't believe the sky is falling. Its healthier to focus on the positives than all the negatives.

Good thoughts on the flood of inventory starting in 2011. I do believe that in finances however, that it is important to set aside emotions and to look at the facts. The pending price index and rapid declines is already evident in the recorded documents, which is why I am keeping people I know away from the market so they do not catch a falling knife.

[Ritchie_az]

Originally Posted by EnicAZ

Lol, ritchie.

I only go by the solid, uninterpreted data, which shows Phoenix home values in a free fall. This is truly sad, but it is expected as a response to what has been happening in the market. The pending declines continue to show how investors are vacating the market to avoid major losses.

OK, just what I thought, EnicAirConcerns. You did not open the links provided by other C-D members, which had data contradicting your "The Sky Is Falling!" repeated routine.

[EnicAZ]

Originally Posted by Ritchie_az

OK, just what I thought, EnicAirConcerns. You did not open the links provided by other C-D members, which had data contradicting your "The Sky Is Falling!" repeated routine.

Thanks for your thoughts Ritchie.

Have you not had a chance to look at the uninterpreted data from the MLS showing rapidly declining prices in progress?

[rjrcm]

Originally Posted by EnicAZ

Thanks for your thoughts Ritchie.

Have you not had a chance to look at the uninterpreted data from the MLS showing rapidly declining prices in progress?

Aren't you contradicting yourself by your interpretation the MLS data as rapidly declining prices? How do you look at data without interpreting the implications of the data? The other links and discussions offer alternative interpretations of the data trends.

[dragracer]

All data no matter where it comes from is subjective..... How the data
was collected and the source numbers determine end results. You guys are like a bunch of children and each knows how to get under the others skin. My opinion is that prices on residential real estate are on a decline and will continue until the number of listings decreases. Merry Christmas to all

[EnicAZ]

Originally Posted by rjrcm

Aren't you contradicting yourself by your interpretation the MLS data as rapidly declining prices? How do you look at data without interpreting the implications of the data? The other links and discussions offer alternative interpretations of the data trends.

rjr,

The data shows the rapidly declining prices, not an interpretation.

[MN-Born-n-Raised]

Originally Posted by EnicAZ

rjr,

The data shows the rapidly declining prices, not an interpretation.

The data showed a rapidly declining price 1st because of the vacuum that the $8K tax credit started.. THEN because of the traditional off-peak drop (August to December).

Now you have a right to ignore "interpretation" (also known as historical fall price declines). Wanna bet that the prices are going to rise SPECIFICALLY because of the spring buying momentum??