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Old 09-29-2009, 12:44 PM
 
835 posts, read 1,073,927 times
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Quote:
Originally Posted by sholden View Post
At least the rate of decline is trending the way current owners want.

Though the FHA and the FDIC are both starting to notice they are about to go bankrupt, which could throw a couple of small spanners in the works.
I wonder how different the trends will be once the bailouts, low interest rate , 8000 tax credit are done and interest rates go back up and unemployement stays at 10% and taxes go up to cover the current and soon to be budget gaps as there are only so many days the state can furlough
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Old 09-29-2009, 01:11 PM
 
Location: Montgomery County, PA
2,771 posts, read 5,940,101 times
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Quote:
Originally Posted by sholden View Post
At least the rate of decline is trending the way current owners want.

Though the FHA and the FDIC are both starting to notice they are about to go bankrupt, which could throw a couple of small spanners in the works.
yes, definitely looks like some kind of stabilization in the market, at least in aggregate.

However, where I am looking now -- South and West Orange, it looks like many sellers are still listing at 2006 prices, and sales are still at a trickle -- down 80% or so year on year, and this time last year it was already pretty slow.

So while I have a buyers agent now, I am not ready to burn my "superbear" membership card just yet ...
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Old 09-29-2009, 01:28 PM
 
Location: NJ
31,774 posts, read 36,915,008 times
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any easy place to go to where i can look at a specific town (or closest land area (county, region, etc.) and see how prices have declined from a certain point in time? that could just be a yearly change in prices and i can figure out on my own the long term change.
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Old 09-29-2009, 01:37 PM
 
5,969 posts, read 8,652,983 times
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Quote:
Originally Posted by Huckleberry3911948 View Post
do not buy a house or car we are about to step off the reef.
What makes you say that? Just curious.
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Old 09-29-2009, 01:40 PM
 
Location: North Carolina
6,955 posts, read 7,803,445 times
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Quote:
Originally Posted by block911 View Post
I wonder how different the trends will be once the bailouts, low interest rate , 8000 tax credit are done and interest rates go back up and unemployement stays at 10% and taxes go up to cover the current and soon to be budget gaps as there are only so many days the state can furlough
It could be like a re-run of 1974. "Stagflation" will rear its ugly head...a stagnant economy with high inflation! Anyone old enough here to remember Gerry Ford with his "WIN" buttons? WIN - Whip Inflation Now! Ahhh...everything old is new again!
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Old 09-29-2009, 01:52 PM
 
Location: Montgomery County, PA
2,771 posts, read 5,940,101 times
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Quote:
Originally Posted by CaptainNJ View Post
any easy place to go to where i can look at a specific town (or closest land area (county, region, etc.) and see how prices have declined from a certain point in time? that could just be a yearly change in prices and i can figure out on my own the long term change.
trulia has yoy changes in median sales price. These are often problematic though because sales are so slow that there's not much data (e.g. a little over 10 sales in some of the towns where I'm looking)
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Old 09-29-2009, 02:54 PM
 
1,930 posts, read 3,215,886 times
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Quote:
Originally Posted by MoorestownResident View Post

Hold on one second. What now you are out from your cave? Talk about fair weather fan. Do you only post "good" news??? Come on now let be fair. Why not post all news regardless if it supports your position?
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Old 09-29-2009, 03:26 PM
 
58 posts, read 104,814 times
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Quote:
Originally Posted by block911 View Post
I wonder how different the trends will be once the bailouts, low interest rate , 8000 tax credit are done and interest rates go back up and unemployement stays at 10% and taxes go up to cover the current and soon to be budget gaps as there are only so many days the state can furlough
It's subprime lending once again but this time the taxpayer directly assumes the risk.
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Old 09-30-2009, 07:41 AM
 
364 posts, read 781,738 times
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Quote:
Originally Posted by MoorestownResident View Post
Home Price Gains Are Seasonal and Federally Fueled - Realty Check with Diana Olick - CNBC.com
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Old 09-30-2009, 09:07 AM
 
Location: NJ
31,774 posts, read 36,915,008 times
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Quote:
Originally Posted by elflord1973 View Post
trulia has yoy changes in median sales price. These are often problematic though because sales are so slow that there's not much data (e.g. a little over 10 sales in some of the towns where I'm looking)
thanks. i was able to see a chart that was useful (5 year timeframe). i would have liked to have the numbers laid out because the chart is hard to get exact numbers but it was still useful.
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