[dano]

High end has already adjusted 50-70%. How much more do you want?

FOD does seem to have the buy low and selll high theory down.

Intersting about lower-end versus higher-end trends. Possible flight to quality for those left standing.

[SportyandMisty]

"Federal regulators proposed far-reaching changes to lending rules that eventually could raise the cost of borrowing for most homeowners, kicking off what is likely to be a furious effort by the housing and banking industries to soften the proposal..."

Regulators Unveil Mortgage-Lending Rules - WSJ.com

[RCCCB]

Home prices near a double dip (6 straight months of decline)

NEW YORK (CNNMoney) -- January home prices fell for the sixth month in a row, edging closer to a double dip.
The S&P/Case-Shiller home price index covering 20 major markets fell 3.1% year-over-year, hovering near the market's bottom set in April 2009.
"January brings us weakening home prices with no real hope in sight for the near future," says David M. Blitzer, a spokesman for S&P.
The dismal report followed other negative housing market indicators recently. Sales of existing homes were off nearly 10% in February and new homes sales were at a record low. "The housing market recession is not yet over," said Blitzer, "and none of the statistics are indicating any form of sustained recovery. At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing."

Home prices fall near 2009 lows - Mar. 29, 2011

[olecapt]

Originally Posted by RCCCB

Home prices near a double dip (6 straight months of decline)

NEW YORK (CNNMoney) -- January home prices fell for the sixth month in a row, edging closer to a double dip.
The S&P/Case-Shiller home price index covering 20 major markets fell 3.1% year-over-year, hovering near the market's bottom set in April 2009.
"January brings us weakening home prices with no real hope in sight for the near future," says David M. Blitzer, a spokesman for S&P.
The dismal report followed other negative housing market indicators recently. Sales of existing homes were off nearly 10% in February and new homes sales were at a record low. "The housing market recession is not yet over," said Blitzer, "and none of the statistics are indicating any form of sustained recovery. At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing."

Home prices fall near 2009 lows - Mar. 29, 2011

All pretty much irrelevant. The one thing we should have all learned over the last years is Vegas does what it choses and pays no attention to national trends.

if you remember that is both good and bad.

[RCCCB]

Originally Posted by olecapt

All pretty much irrelevant. The one thing we should have all learned over the last years is Vegas does what it choses and pays no attention to national trends.

if you remember that is both good and bad.

From your mouth to God's ears.

[Robustus]

Originally Posted by RCCCB

Home prices near a double dip (6 straight months of decline)

NEW YORK (CNNMoney) -- January home prices fell for the sixth month in a row, edging closer to a double dip.
The S&P/Case-Shiller home price index covering 20 major markets fell 3.1% year-over-year, hovering near the market's bottom set in April 2009.
"January brings us weakening home prices with no real hope in sight for the near future," says David M. Blitzer, a spokesman for S&P.
The dismal report followed other negative housing market indicators recently. Sales of existing homes were off nearly 10% in February and new homes sales were at a record low. "The housing market recession is not yet over," said Blitzer, "and none of the statistics are indicating any form of sustained recovery. At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing."

Home prices fall near 2009 lows - Mar. 29, 2011

This has been obvious for a while, as is the fact that the "bottom" (however precisely you wish to define it) is going to last for a while (years). That in no way makes your earlier post (#3607 in this thread, page 361) even remotely correct or helpful. See post #3609. Your credibility is extremely limited right now.

[airics]

good post robustus, but his credibility was never there to begin with...

[JohnG72]

Originally Posted by dano

High end has already adjusted 50-70%. How much more do you want?

How is that relevant to anything?

Besides, Olecapt says the high end market shows no signs off slipping.

Most obvious indicator of impending doom that can be.

[007 license to sell]

I believe in giving the good the bad and ugly in the housing news to help potential buyers.
Here is the latest on what is happening with housing in Vegas, it appears to not be getting better. And that home prices could continue to go down as long as our foreclosures and short sales continue, which according to the analysts may be years before it will get better.

Las Vegas home prices fall below 2000 levels with no relief in sight

Maybe this is the Final Four. Home values in Las Vegas, Atlanta, Detroit and Cleveland are now below January 2000 levels, according to a report released Tuesday.

[olecapt]

Originally Posted by 007 license to sell

I believe in giving the good the bad and ugly in the housing news to help potential buyers.
Here is the latest on what is happening with housing in Vegas, it appears to not be getting better. And that home prices could continue to go down as long as our foreclosures and short sales continue, which according to the analysts may be years before it will get better.

Las Vegas home prices fall below 2000 levels with no relief in sight

Maybe this is the Final Four. Home values in Las Vegas, Atlanta, Detroit and Cleveland are now below January 2000 levels, according to a report released Tuesday.

Actually Case Shiller hit their official 2000 level a couple of months ago not seasonally adjusted and 3 or 4 months ago seasonally adjusted.

In fact Case Shiller said things were pretty much stable the last months when they in fact dropped a bit.

Nothing is actually changing. We are just featuring it.