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Old 02-26-2008, 02:10 PM
Bo Bo started this thread Bo won $500 in our forum's Most Engaging Poster Contest - Tenth Edition (Apr-May 2014). 

Over $104,000 in prizes has already been given out to active posters on our forum and additional contests are planned
 
Location: Ohio
17,107 posts, read 38,123,272 times
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MySA.com: Business (http://www.mysanantonio.com/business/stories/MYSA022608.01R.housing.2f7fda6.html - broken link)

In the MySA.com article linked above, the Texas A&M University Real Estate Center reports some negative and positive trends in San Antonio home sales.

Last edited by Bo; 02-26-2008 at 03:37 PM..
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Old 02-26-2008, 02:54 PM
 
Location: San Antonio North
4,147 posts, read 8,004,293 times
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Quote:
In fact, looking at the 12-month moving average that evens out seasonal price fluctuations, the median home price in San Antonio was up 4.6 percent to $147,208 as of the end of January 2008, versus $140,700 for the 12 months ending January 2007, Gaines said
From the article.

Your title should be changed.
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Old 02-26-2008, 03:06 PM
Bo Bo started this thread Bo won $500 in our forum's Most Engaging Poster Contest - Tenth Edition (Apr-May 2014). 

Over $104,000 in prizes has already been given out to active posters on our forum and additional contests are planned
 
Location: Ohio
17,107 posts, read 38,123,272 times
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Quote:
Originally Posted by ryneone View Post
From the article.

Your title should be changed.
I disagree. The moving average cited in your quote includes the 11 months prior to the month, so the January 2007 numbers include data as far back as February 2006. Two year-old data is barely relevant to current data. The numbers in my title are an apples-to-apples comparison of the freshest data available from 2008 to data from the same month in 2007.

Besides, what's the advantage of rounding out seasonal averages when you're comparing data from the exact same season in 2 different years?
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Old 02-26-2008, 03:13 PM
 
Location: San Antonio North
4,147 posts, read 8,004,293 times
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Quote:
Originally Posted by Bowie View Post
I disagree. The moving average cited in your quote includes the 11 months prior to the month, so the January 2007 numbers include data as far back as February 2006. Two year-old data is bound to look better than current data. The numbers in my title are an apples-to-apples comparison of the freshest data available from 2007 and 2008.
It also says prices fall at this time YEARLY. Yes this year was a bigger drop but the article says their is noting to get excited about. Your title wants to excite people. Look what he says.

[quote]But while national prices are expected to continue to slide as inventories rise, San Antonio and Texas sales prices should not see an extended decline/QUOTE]
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Old 02-26-2008, 03:34 PM
Bo Bo started this thread Bo won $500 in our forum's Most Engaging Poster Contest - Tenth Edition (Apr-May 2014). 

Over $104,000 in prizes has already been given out to active posters on our forum and additional contests are planned
 
Location: Ohio
17,107 posts, read 38,123,272 times
Reputation: 14447
Quote:
Originally Posted by ryneone View Post
It also says prices fall at this time YEARLY. Yes this year was a bigger drop but the article says their is noting to get excited about. Your title wants to excite people. Look what he says.

Quote:
But while national prices are expected to continue to slide as inventories rise, San Antonio and Texas sales prices should not see an extended decline
OK, I'll concede there could be a sample size issue to draw conclusions about trends from. I just added the phrase "and positive" to the OP, but if I take the numbers out of the title, no one will read the thread.

We don't yet know what we don't know yet. So if the numbers bounce back in February, we can start a new thread.
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Old 02-26-2008, 04:08 PM
 
418 posts, read 1,240,471 times
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Quote:
Originally Posted by ryneone View Post
It also says prices fall at this time YEARLY. Yes this year was a bigger drop but the article says their is noting to get excited about.
Unfortunately, the article writer is misleading the citizens of San Antonio.

Home prices fall 8.9% in 2007, Case-Shiller says - MarketWatch

While this is on a national level, comparable home prices movements and median movements are two totally different things. The SA-express news report was with regard to median which is not too relevant.

" Home prices fell 8.9% in 2007, the largest decline in the Case-Shiller home price index in at least 20 years, Standard & Poor's reported Tuesday.
Meanwhile, a separate measure of home values reported Tuesday by the Office of Federal Housing Enterprise Oversight showed a 0.3% decline in home prices in 2007"
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Old 02-26-2008, 04:56 PM
 
Location: San Antonio
944 posts, read 3,064,009 times
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And just a couple of days ago, I read a Fortune Magazine article that listed price drop projections for many cities. It projeted that San Antonio house prices will drop 25% over the next five years. They expect some cities to lose 40%. I don't have a link, but you can Google it.
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Old 02-26-2008, 05:40 PM
 
84 posts, read 219,168 times
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I doubt that, the NORTHWEST side BOOM alone will be bigger then the whole city of corpus by 2010....real estate is a great business to be in right now!
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Old 02-26-2008, 05:47 PM
 
Location: North Central
59 posts, read 203,212 times
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Quote:
Originally Posted by Jody84 View Post
real estate is a great business to be in right now!


Are you serious or being sarcastic?
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Old 02-26-2008, 07:30 PM
 
Location: San Antonio North
4,147 posts, read 8,004,293 times
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Quote:
Originally Posted by hello13685 View Post
And just a couple of days ago, I read a Fortune Magazine article that listed price drop projections for many cities. It projeted that San Antonio house prices will drop 25% over the next five years. They expect some cities to lose 40%. I don't have a link, but you can Google it.
Right.

Where is the link

Here are some links about all Forbes list . Dig through this. Please stop posting for the sake of everyone.


Forbes Lists, World's Richest People, and more - Forbes.com

Last edited by ryneone; 02-26-2008 at 07:39 PM..
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