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May 6, 2009 at 11:38 AM #394464May 6, 2009 at 11:46 AM #393795
Anonymous
GuestDon’t you think the $8k housing credit that expires 12-31-09 will have some sort of effect on last minute buying in 2009? I do. If interest rates remain low throughout the year, I expect this mini-bubble to continue at least through 2009. The lynch pin is going to be interest rates. If these start to rise closer to 6%, then I think things will cool off quickly. However, I’m not sure our fair leader will let that happen.
May 6, 2009 at 11:46 AM #394056Anonymous
GuestDon’t you think the $8k housing credit that expires 12-31-09 will have some sort of effect on last minute buying in 2009? I do. If interest rates remain low throughout the year, I expect this mini-bubble to continue at least through 2009. The lynch pin is going to be interest rates. If these start to rise closer to 6%, then I think things will cool off quickly. However, I’m not sure our fair leader will let that happen.
May 6, 2009 at 11:46 AM #394272Anonymous
GuestDon’t you think the $8k housing credit that expires 12-31-09 will have some sort of effect on last minute buying in 2009? I do. If interest rates remain low throughout the year, I expect this mini-bubble to continue at least through 2009. The lynch pin is going to be interest rates. If these start to rise closer to 6%, then I think things will cool off quickly. However, I’m not sure our fair leader will let that happen.
May 6, 2009 at 11:46 AM #394325Anonymous
GuestDon’t you think the $8k housing credit that expires 12-31-09 will have some sort of effect on last minute buying in 2009? I do. If interest rates remain low throughout the year, I expect this mini-bubble to continue at least through 2009. The lynch pin is going to be interest rates. If these start to rise closer to 6%, then I think things will cool off quickly. However, I’m not sure our fair leader will let that happen.
May 6, 2009 at 11:46 AM #394469Anonymous
GuestDon’t you think the $8k housing credit that expires 12-31-09 will have some sort of effect on last minute buying in 2009? I do. If interest rates remain low throughout the year, I expect this mini-bubble to continue at least through 2009. The lynch pin is going to be interest rates. If these start to rise closer to 6%, then I think things will cool off quickly. However, I’m not sure our fair leader will let that happen.
May 6, 2009 at 11:48 AM #393802DWCAP
ParticipantAlso, remember that in most RE markets most movements up or down have the seeds of the next change sown into them in equal magnitude. Or think of it as a big ship that turns slowly, itll take many turns to put it back on course.
What I mean is that we had a RE bubble of gigantic proportions, and have a recession/fall to match.
We had almost no demand last year for houses, and now it is crazy out there with 20 people lined up for a house not even on the market.
It is crazy out there and prices are starting to rise as inventory plumets and interest rates are just plain stupid, and this fall I believe we will have historically low but non stupid (~6%) rates with a balance of inventory on the market inrelation to demand. (itll be brisk, dont think you can window shop forever, it just shouldnt be a frenzy)
I would say that we should have high rates this fall as a correlation to out now low rates, but the government has obviously decided this is unacceptable and will financially rape future generations to make sure it isnt so.
May 6, 2009 at 11:48 AM #394061DWCAP
ParticipantAlso, remember that in most RE markets most movements up or down have the seeds of the next change sown into them in equal magnitude. Or think of it as a big ship that turns slowly, itll take many turns to put it back on course.
What I mean is that we had a RE bubble of gigantic proportions, and have a recession/fall to match.
We had almost no demand last year for houses, and now it is crazy out there with 20 people lined up for a house not even on the market.
It is crazy out there and prices are starting to rise as inventory plumets and interest rates are just plain stupid, and this fall I believe we will have historically low but non stupid (~6%) rates with a balance of inventory on the market inrelation to demand. (itll be brisk, dont think you can window shop forever, it just shouldnt be a frenzy)
I would say that we should have high rates this fall as a correlation to out now low rates, but the government has obviously decided this is unacceptable and will financially rape future generations to make sure it isnt so.
May 6, 2009 at 11:48 AM #394277DWCAP
ParticipantAlso, remember that in most RE markets most movements up or down have the seeds of the next change sown into them in equal magnitude. Or think of it as a big ship that turns slowly, itll take many turns to put it back on course.
What I mean is that we had a RE bubble of gigantic proportions, and have a recession/fall to match.
We had almost no demand last year for houses, and now it is crazy out there with 20 people lined up for a house not even on the market.
It is crazy out there and prices are starting to rise as inventory plumets and interest rates are just plain stupid, and this fall I believe we will have historically low but non stupid (~6%) rates with a balance of inventory on the market inrelation to demand. (itll be brisk, dont think you can window shop forever, it just shouldnt be a frenzy)
I would say that we should have high rates this fall as a correlation to out now low rates, but the government has obviously decided this is unacceptable and will financially rape future generations to make sure it isnt so.
May 6, 2009 at 11:48 AM #394330DWCAP
ParticipantAlso, remember that in most RE markets most movements up or down have the seeds of the next change sown into them in equal magnitude. Or think of it as a big ship that turns slowly, itll take many turns to put it back on course.
What I mean is that we had a RE bubble of gigantic proportions, and have a recession/fall to match.
We had almost no demand last year for houses, and now it is crazy out there with 20 people lined up for a house not even on the market.
It is crazy out there and prices are starting to rise as inventory plumets and interest rates are just plain stupid, and this fall I believe we will have historically low but non stupid (~6%) rates with a balance of inventory on the market inrelation to demand. (itll be brisk, dont think you can window shop forever, it just shouldnt be a frenzy)
I would say that we should have high rates this fall as a correlation to out now low rates, but the government has obviously decided this is unacceptable and will financially rape future generations to make sure it isnt so.
May 6, 2009 at 11:48 AM #394474DWCAP
ParticipantAlso, remember that in most RE markets most movements up or down have the seeds of the next change sown into them in equal magnitude. Or think of it as a big ship that turns slowly, itll take many turns to put it back on course.
What I mean is that we had a RE bubble of gigantic proportions, and have a recession/fall to match.
We had almost no demand last year for houses, and now it is crazy out there with 20 people lined up for a house not even on the market.
It is crazy out there and prices are starting to rise as inventory plumets and interest rates are just plain stupid, and this fall I believe we will have historically low but non stupid (~6%) rates with a balance of inventory on the market inrelation to demand. (itll be brisk, dont think you can window shop forever, it just shouldnt be a frenzy)
I would say that we should have high rates this fall as a correlation to out now low rates, but the government has obviously decided this is unacceptable and will financially rape future generations to make sure it isnt so.
May 6, 2009 at 12:11 PM #393838tom
Participanti know, I should be a happy renter.. but I’ve got a couple hobbies (brewing, 1978 280z repair) that has me convinced I want a SFH.. well, that I want a garage really and the house typically comes with it 😉 So, everytime my landlord sends out the notice reminding people they aren’t allowed to even store anything flammable, let alone work on a car.. that fuels my own fire of wanting control of my dwelling.
May 6, 2009 at 12:11 PM #394096tom
Participanti know, I should be a happy renter.. but I’ve got a couple hobbies (brewing, 1978 280z repair) that has me convinced I want a SFH.. well, that I want a garage really and the house typically comes with it 😉 So, everytime my landlord sends out the notice reminding people they aren’t allowed to even store anything flammable, let alone work on a car.. that fuels my own fire of wanting control of my dwelling.
May 6, 2009 at 12:11 PM #394312tom
Participanti know, I should be a happy renter.. but I’ve got a couple hobbies (brewing, 1978 280z repair) that has me convinced I want a SFH.. well, that I want a garage really and the house typically comes with it 😉 So, everytime my landlord sends out the notice reminding people they aren’t allowed to even store anything flammable, let alone work on a car.. that fuels my own fire of wanting control of my dwelling.
May 6, 2009 at 12:11 PM #394365tom
Participanti know, I should be a happy renter.. but I’ve got a couple hobbies (brewing, 1978 280z repair) that has me convinced I want a SFH.. well, that I want a garage really and the house typically comes with it 😉 So, everytime my landlord sends out the notice reminding people they aren’t allowed to even store anything flammable, let alone work on a car.. that fuels my own fire of wanting control of my dwelling.
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