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  1. Anonymous
    February 27, 2008 @ 2:24 PM

    Michelle Steffes
    Isn’t it

    Michelle Steffes

    Isn’t it about time for the NAR to call the bottom or have they simply stopped the boosterism?

  2. Downtowner
    February 27, 2008 @ 3:02 PM

    You must have missed the
    You must have missed the article in yesterday’s SDUT. Here is the quote from a NAR eco-nut:

    “Lawrence Yun, chief economist for the Realtors, said the housing market may be on the verge of bottoming out, with a rebound expected to start toward the end of this year.

    Yun said he expected demand to be bolstered in coming months by the housing sections of the $168 billion economic stimulus bill passed this month. Those provisions raise the caps on the size of loans that can be backed by Fannie Mae and Freddie Mac and the Federal Housing Administration, an increase expected to provide help in high-cost areas of the country such as California.

    I plan on buying a house with my $600!

    • Fearful
      February 27, 2008 @ 9:14 PM

      Will the declines be well
      Will the declines be well enough entrenched by the time LFKAJ (Loans Formerly Known As Jumbo) GSE loans are made available to make the decreased interest costs irrelevant?

      We won’t see the effect in the HPI for another three, four months or so.

      If anything, the market for loans between $417K and the new cap will have temporarily locked up with buyers anticipating lower future loan rates.

      Will the new GSE loans even be much cheaper than their predecessors? Whatever. Can anything save this sinking ship now?

      • yellow8yellowm
        February 28, 2008 @ 7:24 AM

        Is the Case-Shiller raw data
        Is the Case-Shiller raw data public? I would like to use it to compile separate charts for the zip codes I am considering. I am not at all interested in how far Chula Vista or Spring Valley drops. I am looking at the middle tier and know that both the upper and lower tier will skew those results.

      • Fearful
        February 28, 2008 @ 9:05 PM

        Is the Case-Shiller raw data
        Is the Case-Shiller raw data public?

        I do not think so. You can get the tiered data, of course, and some data on the quantity of sale pairs each month. Even if you got the data, I would be very careful trying to break it down as the data will get noisy the smaller the geographical area you try to evaluate.

    • Anonymous
      February 28, 2008 @ 1:00 PM

      National Inquirer has more
      National Inquirer has more creditability than NAR. It is inconceviable to me how Yun can make such outragious comments with a straight face.

      NAR should better be know as National Association of Retards, or better yet, NAL – National Association of Liars.

  3. CricketOnTheHearth
    February 28, 2008 @ 5:17 PM

    We are simply seeing
    We are simply seeing desperate attempts by the realtors to push on the public sentiment string.

    “Please, oh please let a sucker come out of the woodwork in time to give me a commission in time to let me pay my resetting mortgage payments for 2 more months!”

    Some incredible tales on BMIT— these guys drank each others’ KoolAid too.


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