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Reload this Page Feb 25 will be doomsday for real estate prices (sales, homeowners, home)
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Old 02-02-2009, 03:14 PM
 
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Feb 25 - January Existing Home Sales
Feb 26 - January New Home Sales

Those numbers will give a good indication of the damage done by the Oct/Nov crash.

December existing median price was down 15%. I think a drop of 30% is pretty safe.
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Old 02-02-2009, 03:31 PM
 
Location: Illinois
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Another statistic we can worry about.
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Old 02-02-2009, 03:39 PM
 
Location: Austin
7,244 posts, read 21,818,804 times
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Another dramitic "national" statistic that means nothing when real estate is "local"!
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Old 02-02-2009, 03:45 PM
 
Location: Looking East and hoping!
28,227 posts, read 21,856,986 times
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The sky is falling!!!!!! Doomsday.
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Old 02-02-2009, 03:59 PM
 
Location: Cary, NC
43,315 posts, read 77,165,481 times
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Quote:
Originally Posted by KevinE View Post
Feb 25 - January Existing Home Sales
Feb 26 - January New Home Sales

Those numbers will give a good indication of the damage done by the Oct/Nov crash.

December existing median price was down 15%. I think a drop of 30% is pretty safe.
I got a dozen Krispy Kremes that say it'll be less than 30%...
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Old 02-02-2009, 04:02 PM
 
635 posts, read 1,166,643 times
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Originally Posted by FalconheadWest View Post
Another dramitic "national" statistic that means nothing when real estate is "local"!
Credit markets aren't local.
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Old 02-02-2009, 04:13 PM
 
Location: Halfway between Number 4 Privet Drive and Forks, WA
1,516 posts, read 4,591,875 times
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Quote:
Credit markets aren't local.
I would disagree with you on that. Just because Countrywide isn't lending doesn't mean my local credit union isn't...
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Old 02-02-2009, 04:34 PM
 
635 posts, read 1,166,643 times
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Originally Posted by PotterGeek View Post
I would disagree with you on that. Just because Countrywide isn't lending doesn't mean my local credit union isn't...
and your local credit union is selling its bonds to ...
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Old 02-02-2009, 05:26 PM
 
945 posts, read 1,988,634 times
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Originally Posted by MikeJaquish View Post
I got a dozen Krispy Kremes that say it'll be less than 30%...

I love Krispy Kreme. I'll throw in a dozen chocolate iced cream filled that you're right.
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Old 02-02-2009, 05:32 PM
 
Location: Raleigh, NC
9,059 posts, read 12,975,389 times
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Quote:
Originally Posted by LaceyEx View Post
The sky is falling!!!!!! Doomsday.
The sky is only falling for homeowners looking to sell in the next 5-10 years.
Last edited by ViewFromThePeak; 02-02-2009 at 05:46 PM..
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