Median gets wacked again

[DWCAP]

http://www.signonsandiego.com/news/business/20080415-1114-bn15housing.html

Well no one else posted this up here yet, so I guess I will. Median price (with all its flaws) is below 400k for the first time since 2003. Sales are down, for all those who were sure we were seeing a buying spring boom, but foreclosures are up up up. I just dont see this ending any time soon, 🙂 .

Oh, and for the first time I can say that I actually read the whole article and didnt cry bullshit once. No RE agent spouting some meaningless fact that kinda pretends that this could may be a bottom and they lays on a heaping dose of fear to get people to buy now. No Lame titles or weird twists by the author to try to applease the RE industry. Just the facts mame, just the facts. Oh BTW, the facts are telling us DOWN DOWN DOWN.

My favorit part:

“The sales counts also remained low, reflecting none of the optimism expressed by some real estate agents in recent weeks that an increasing number of buyers have come back to the market and are snapping up bargains.

There were 2,108 sales in March, down 34.5 percent from March 2007 and the lowest March total since DataQuick began tracking the San Diego market in 1988. ”

[CardiffBaseball]

More bearish posts. The LameStreamMedia is woefully inept at following the trends. Don’t you know this is prime buying season…..

😉

Everyone acquaintance who is aware that I didn’t buy is hounding me “doooode…Now is the time”.

[CardiffBaseball]

More bearish posts. The LameStreamMedia is woefully inept at following the trends. Don’t you know this is prime buying season…..

😉

Everyone acquaintance who is aware that I didn’t buy is hounding me “doooode…Now is the time”.

[CardiffBaseball]

More bearish posts. The LameStreamMedia is woefully inept at following the trends. Don’t you know this is prime buying season…..

😉

Everyone acquaintance who is aware that I didn’t buy is hounding me “doooode…Now is the time”.

[CardiffBaseball]

More bearish posts. The LameStreamMedia is woefully inept at following the trends. Don’t you know this is prime buying season…..

😉

Everyone acquaintance who is aware that I didn’t buy is hounding me “doooode…Now is the time”.

[CardiffBaseball]

More bearish posts. The LameStreamMedia is woefully inept at following the trends. Don’t you know this is prime buying season…..

😉

Everyone acquaintance who is aware that I didn’t buy is hounding me “doooode…Now is the time”.

[Aecetia]

“Mr. Miller, what are you smoking over in Manhattan and can I have some of that? From Bubble Markets Inventory Tracking”- http://bubbletracking.blogspot.com/

“This article on risky real estate markets was featured on the Yahoo Frontpage just a few days ago, here’s a quote on San Diego:”

“In cities like San Diego, one of five major metros where transactions rose, that’s good news, assuming it’s sustained. What makes transaction volume a good indicator is that it shows how easy it is for people to get loans and how much confidence there is in the market. If mortgages are available and buyers have some faith in the value of the home, they’re more likely to buy.

San Diego’s present conditions suggest that over the next half-year, prices may start to rise. That’s because “there’s usually a three- to six-month lag between when transactions go up and prices go up,” says Jonathan Miller, president of Miller Samuel, a Manhattan real estate appraisal firm.”

I think he drank the kool aid….

[Aecetia]

“Mr. Miller, what are you smoking over in Manhattan and can I have some of that? From Bubble Markets Inventory Tracking”- http://bubbletracking.blogspot.com/

“This article on risky real estate markets was featured on the Yahoo Frontpage just a few days ago, here’s a quote on San Diego:”

“In cities like San Diego, one of five major metros where transactions rose, that’s good news, assuming it’s sustained. What makes transaction volume a good indicator is that it shows how easy it is for people to get loans and how much confidence there is in the market. If mortgages are available and buyers have some faith in the value of the home, they’re more likely to buy.

San Diego’s present conditions suggest that over the next half-year, prices may start to rise. That’s because “there’s usually a three- to six-month lag between when transactions go up and prices go up,” says Jonathan Miller, president of Miller Samuel, a Manhattan real estate appraisal firm.”

I think he drank the kool aid….

[Aecetia]

“Mr. Miller, what are you smoking over in Manhattan and can I have some of that? From Bubble Markets Inventory Tracking”- http://bubbletracking.blogspot.com/

“This article on risky real estate markets was featured on the Yahoo Frontpage just a few days ago, here’s a quote on San Diego:”

“In cities like San Diego, one of five major metros where transactions rose, that’s good news, assuming it’s sustained. What makes transaction volume a good indicator is that it shows how easy it is for people to get loans and how much confidence there is in the market. If mortgages are available and buyers have some faith in the value of the home, they’re more likely to buy.

San Diego’s present conditions suggest that over the next half-year, prices may start to rise. That’s because “there’s usually a three- to six-month lag between when transactions go up and prices go up,” says Jonathan Miller, president of Miller Samuel, a Manhattan real estate appraisal firm.”

I think he drank the kool aid….

[Aecetia]

“Mr. Miller, what are you smoking over in Manhattan and can I have some of that? From Bubble Markets Inventory Tracking”- http://bubbletracking.blogspot.com/

“This article on risky real estate markets was featured on the Yahoo Frontpage just a few days ago, here’s a quote on San Diego:”

“In cities like San Diego, one of five major metros where transactions rose, that’s good news, assuming it’s sustained. What makes transaction volume a good indicator is that it shows how easy it is for people to get loans and how much confidence there is in the market. If mortgages are available and buyers have some faith in the value of the home, they’re more likely to buy.

San Diego’s present conditions suggest that over the next half-year, prices may start to rise. That’s because “there’s usually a three- to six-month lag between when transactions go up and prices go up,” says Jonathan Miller, president of Miller Samuel, a Manhattan real estate appraisal firm.”

I think he drank the kool aid….

[Aecetia]

“Mr. Miller, what are you smoking over in Manhattan and can I have some of that? From Bubble Markets Inventory Tracking”- http://bubbletracking.blogspot.com/

“This article on risky real estate markets was featured on the Yahoo Frontpage just a few days ago, here’s a quote on San Diego:”

“In cities like San Diego, one of five major metros where transactions rose, that’s good news, assuming it’s sustained. What makes transaction volume a good indicator is that it shows how easy it is for people to get loans and how much confidence there is in the market. If mortgages are available and buyers have some faith in the value of the home, they’re more likely to buy.

San Diego’s present conditions suggest that over the next half-year, prices may start to rise. That’s because “there’s usually a three- to six-month lag between when transactions go up and prices go up,” says Jonathan Miller, president of Miller Samuel, a Manhattan real estate appraisal firm.”

I think he drank the kool aid….

[equalizer]

You missed the dig that DQ always has in the rag to discount low prices or sales, that low prices were
“driven largely by discounted foreclosure sales”

They never said anything about bubble causing prices to go up 10% a month.

Most precious is the ad for Hard Rock Condo in the middle of the article!! That link should get a dozen sales today.

[equalizer]

You missed the dig that DQ always has in the rag to discount low prices or sales, that low prices were
“driven largely by discounted foreclosure sales”

They never said anything about bubble causing prices to go up 10% a month.

Most precious is the ad for Hard Rock Condo in the middle of the article!! That link should get a dozen sales today.

[equalizer]

You missed the dig that DQ always has in the rag to discount low prices or sales, that low prices were
“driven largely by discounted foreclosure sales”

They never said anything about bubble causing prices to go up 10% a month.

Most precious is the ad for Hard Rock Condo in the middle of the article!! That link should get a dozen sales today.

[equalizer]

You missed the dig that DQ always has in the rag to discount low prices or sales, that low prices were
“driven largely by discounted foreclosure sales”

They never said anything about bubble causing prices to go up 10% a month.

Most precious is the ad for Hard Rock Condo in the middle of the article!! That link should get a dozen sales today.

[Author]

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