U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 05-26-2009, 09:11 AM
 
1,986 posts, read 2,740,473 times
Reputation: 1351

Advertisements

Somebody out there likes that I post this and it's easy enough to do, so here it is:

A Look at Case-Shiller Numbers, by Metro Area (May 2009 update) - Real Time Economics - WSJ
Reply With Quote Quick reply to this message

 
Old 05-26-2009, 03:34 PM
 
5,168 posts, read 3,554,579 times
Reputation: 1050
A tsunami is usually 3-4 large waves crashing ashore. There will be more large waves during this foreclosure tsunami. Year over year prices will be down 10% this time next year and 6-8% the year after that. Do not buy any of the hogwash about a recovering or stabilizing Housing market.
It is created by the Realty associations to create a sense of urgency so people rush to buy homes.
Less bad does not Mean Stabilizing. Tell me how a real estate market declining at a 15% rate is stabilizing!


OP-Thank you for the link.
Reply With Quote Quick reply to this message
 
Old 05-26-2009, 04:59 PM
 
Location: Houston, TX
15,748 posts, read 15,935,042 times
Reputation: 14075
Good info...Im struggling with a seller who think his property appreciated 15% in the last two years in Texas.
Reply With Quote Quick reply to this message
 
Old 05-26-2009, 05:02 PM
 
Location: Barrington
20,111 posts, read 14,470,806 times
Reputation: 6232
Were your ears ringing this morning? I thought about you, when I heard the numbers.
Reply With Quote Quick reply to this message
 
Old 05-26-2009, 06:52 PM
 
Location: Great State of Texas
75,377 posts, read 36,592,538 times
Reputation: 18371
Quote:
Originally Posted by Oildog View Post
Good info...Im struggling with a seller who think his property appreciated 15% in the last two years in Texas.
Texas hasn't fallen as bad as the other states. With that said though I have my home for 10 years and I'm protesting this year..the county thinks my home is worth 20K more than an appraiser from my refinance.

Prices are coming down though but it depends where you are looking.
The cities are still enjoying some price appreciation..IMHO due to escapee Californians who think everything in Texas is cheap which it is compared to California prices.
Reply With Quote Quick reply to this message
 
Old 05-27-2009, 09:12 AM
 
5,168 posts, read 3,554,579 times
Reputation: 1050
Here is some more bad news. Exisiting home sales up 2.9% but inventory up 8.8%

Existing Home Sales Rise 2.9% as Prices Plunge - Real Estate * US * News * Story - CNBC.com

But for some odd reason Real estate industry insiders say "according to an industry survey on Wednesday that supported views the three-year housing recession was near a bottom. "

What? Sales increase 2.9 but inventory is up 8.8 Please tell me what indication there is this is near a bottom.

Typical Real Estate industry spin.
Reply With Quote Quick reply to this message
 
Old 05-28-2009, 10:48 PM
 
Location: Conejo Valley, CA
12,352 posts, read 10,703,756 times
Reputation: 4085
Things start to moderate in the selling season, this stuff about the market bottoming was all said last year and the year before it too. In another month or so, the downward swing will come back.
Reply With Quote Quick reply to this message
 
Old 05-29-2009, 07:07 AM
 
1,986 posts, read 2,740,473 times
Reputation: 1351
Quote:
Originally Posted by cleanhouse View Post
A tsunami is usually 3-4 large waves crashing ashore. There will be more large waves during this foreclosure tsunami. Year over year prices will be down 10% this time next year and 6-8% the year after that. Do not buy any of the hogwash about a recovering or stabilizing Housing market.
It is created by the Realty associations to create a sense of urgency so people rush to buy homes.
Less bad does not Mean Stabilizing. Tell me how a real estate market declining at a 15% rate is stabilizing!
This article came out two days after your post above. Were you wearing your Carnac the Magnificent psychic hat when you posted?

Foreclosures Surge as Stabilization Drifts Further Away : HousingWire || financial news for the mortgage market


Reply With Quote Quick reply to this message
 
Old 05-29-2009, 11:31 AM
 
1,256 posts, read 1,022,233 times
Reputation: 896
"ahhhh....yessss sir, you are correct, oh-breath-of-bail-out."
Reply With Quote Quick reply to this message
 
Old 05-29-2009, 01:55 PM
 
5,168 posts, read 3,554,579 times
Reputation: 1050
Quote:
Originally Posted by cohdane View Post
This article came out two days after your post above. Were you wearing your Carnac the Magnificent psychic hat when you posted?

Foreclosures Surge as Stabilization Drifts Further Away : HousingWire || financial news for the mortgage market

Pick a payment mortgages: Where you pay a loan and the principal increases. It s a Bizzaro World Loan.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate
Similar Threads

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top