Home › Forums › Financial Markets/Economics › Bernanke Warns of More Foreclosures, Despite Aid
- This topic has 45 replies, 6 voices, and was last updated 16 years, 9 months ago by
SD Realtor.
-
AuthorPosts
-
March 4, 2008 at 8:48 AM #11985March 4, 2008 at 5:42 PM #164112
cr
ParticipantEven Zillow is announcing price declines. I got this in an email from them:
“Zillow’s latest Home Value Report shows that over the past year, U.S. single-family home values have decreased by 5.5%, while condo values have declined by 7.4%.”
This may be an indication of why Zillow is still over-priced; last I heard the national average went down 17%. Anyone else?
Zillow also had this:
“39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth. “
That’s okay though, Super Hero Ben Bernanke stands by ready to take action!
March 4, 2008 at 5:42 PM #164526ParticipantEven Zillow is announcing price declines. I got this in an email from them:
“Zillow’s latest Home Value Report shows that over the past year, U.S. single-family home values have decreased by 5.5%, while condo values have declined by 7.4%.”
This may be an indication of why Zillow is still over-priced; last I heard the national average went down 17%. Anyone else?
Zillow also had this:
“39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth. “
That’s okay though, Super Hero Ben Bernanke stands by ready to take action!
March 4, 2008 at 5:42 PM #164443ParticipantEven Zillow is announcing price declines. I got this in an email from them:
“Zillow’s latest Home Value Report shows that over the past year, U.S. single-family home values have decreased by 5.5%, while condo values have declined by 7.4%.”
This may be an indication of why Zillow is still over-priced; last I heard the national average went down 17%. Anyone else?
Zillow also had this:
“39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth. “
That’s okay though, Super Hero Ben Bernanke stands by ready to take action!
March 4, 2008 at 5:42 PM #164435ParticipantEven Zillow is announcing price declines. I got this in an email from them:
“Zillow’s latest Home Value Report shows that over the past year, U.S. single-family home values have decreased by 5.5%, while condo values have declined by 7.4%.”
This may be an indication of why Zillow is still over-priced; last I heard the national average went down 17%. Anyone else?
Zillow also had this:
“39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth. “
That’s okay though, Super Hero Ben Bernanke stands by ready to take action!
March 4, 2008 at 5:42 PM #164425ParticipantEven Zillow is announcing price declines. I got this in an email from them:
“Zillow’s latest Home Value Report shows that over the past year, U.S. single-family home values have decreased by 5.5%, while condo values have declined by 7.4%.”
This may be an indication of why Zillow is still over-priced; last I heard the national average went down 17%. Anyone else?
Zillow also had this:
“39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth. “
That’s okay though, Super Hero Ben Bernanke stands by ready to take action!
March 4, 2008 at 5:46 PM #164440JWM in SD
ParticipantJWM in SD
“That’s okay though, Super Hero Ben Bernanke stands by ready to take action”
Psst, hey Coop, you might want to take a look at what BB told the bankers today.
March 4, 2008 at 5:46 PM #164531ParticipantJWM in SD
“That’s okay though, Super Hero Ben Bernanke stands by ready to take action”
Psst, hey Coop, you might want to take a look at what BB told the bankers today.
March 4, 2008 at 5:46 PM #164449ParticipantJWM in SD
“That’s okay though, Super Hero Ben Bernanke stands by ready to take action”
Psst, hey Coop, you might want to take a look at what BB told the bankers today.
March 4, 2008 at 5:46 PM #164430ParticipantJWM in SD
“That’s okay though, Super Hero Ben Bernanke stands by ready to take action”
Psst, hey Coop, you might want to take a look at what BB told the bankers today.
March 4, 2008 at 5:46 PM #164118ParticipantJWM in SD
“That’s okay though, Super Hero Ben Bernanke stands by ready to take action”
Psst, hey Coop, you might want to take a look at what BB told the bankers today.
March 4, 2008 at 9:37 PM #164494moneymaker
ParticipantIt is pretty enlightening to look at properties that closed today and then look at the zestimate on them. For example
http://www.sdlookup.com/MLS-076076782-2043_Parrot_St_San_Diego_CA_92105
http://www.zillow.com/Charts.htm?chartDuration=5years&zpid=17078194Zillow has it’s low range 12,000 too high and that is not even including the drop in the last 2 months.
Here’s another one:
http://www.zillow.com/HomeDetails.htm?zprop=17004423
http://www.sdlookup.com/MLS-086007551-3625_43rd_St_5_San_Diego_CA_9210March 4, 2008 at 9:37 PM #164505ParticipantIt is pretty enlightening to look at properties that closed today and then look at the zestimate on them. For example
http://www.sdlookup.com/MLS-076076782-2043_Parrot_St_San_Diego_CA_92105
http://www.zillow.com/Charts.htm?chartDuration=5years&zpid=17078194Zillow has it’s low range 12,000 too high and that is not even including the drop in the last 2 months.
Here’s another one:
http://www.zillow.com/HomeDetails.htm?zprop=17004423
http://www.sdlookup.com/MLS-086007551-3625_43rd_St_5_San_Diego_CA_9210March 4, 2008 at 9:37 PM #164512ParticipantIt is pretty enlightening to look at properties that closed today and then look at the zestimate on them. For example
http://www.sdlookup.com/MLS-076076782-2043_Parrot_St_San_Diego_CA_92105
http://www.zillow.com/Charts.htm?chartDuration=5years&zpid=17078194Zillow has it’s low range 12,000 too high and that is not even including the drop in the last 2 months.
Here’s another one:
http://www.zillow.com/HomeDetails.htm?zprop=17004423
http://www.sdlookup.com/MLS-086007551-3625_43rd_St_5_San_Diego_CA_9210March 4, 2008 at 9:37 PM #164184ParticipantIt is pretty enlightening to look at properties that closed today and then look at the zestimate on them. For example
http://www.sdlookup.com/MLS-076076782-2043_Parrot_St_San_Diego_CA_92105
http://www.zillow.com/Charts.htm?chartDuration=5years&zpid=17078194Zillow has it’s low range 12,000 too high and that is not even including the drop in the last 2 months.
Here’s another one:
http://www.zillow.com/HomeDetails.htm?zprop=17004423
http://www.sdlookup.com/MLS-086007551-3625_43rd_St_5_San_Diego_CA_9210 -
AuthorPosts
- You must be logged in to reply to this topic.