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August 24, 2010 at 2:27 PM #596580August 24, 2010 at 2:39 PM #595531Nor-LA-SD-guyParticipant
Small is beautiful ??? maybe it’s just a home builder marketing ploy ???
Seems maybe they built a few too many starter homes recently,
Small snip from a recent article
Surprisingly, the median existing home price was up 0.7%, but this doesn’t necessarily suggest that prices are still on the rise. Since the price is not a repeat sales index, the rise in the median price suggests that first time homebuyers did not have as much of an impact on existing home sales as they did in prior months. Rather, existing home owners were the main purchaser and they stepped up to more expensive properties that were made more affordable by the drop in mortgage rates.
Unfortunately, the purchases of more expensive properties may actually hurt the new home sector. Since the end of 2009, homebuilders changed their building strategies to compete for first time homebuyers by building smaller homes. According to the existing home sales data, these homes are currently not the most desirable. That may result in a further downturn in new home sales as the new home inventories do not match what is being currently demanded over the coming months.August 24, 2010 at 2:39 PM #595624Nor-LA-SD-guyParticipantSmall is beautiful ??? maybe it’s just a home builder marketing ploy ???
Seems maybe they built a few too many starter homes recently,
Small snip from a recent article
Surprisingly, the median existing home price was up 0.7%, but this doesn’t necessarily suggest that prices are still on the rise. Since the price is not a repeat sales index, the rise in the median price suggests that first time homebuyers did not have as much of an impact on existing home sales as they did in prior months. Rather, existing home owners were the main purchaser and they stepped up to more expensive properties that were made more affordable by the drop in mortgage rates.
Unfortunately, the purchases of more expensive properties may actually hurt the new home sector. Since the end of 2009, homebuilders changed their building strategies to compete for first time homebuyers by building smaller homes. According to the existing home sales data, these homes are currently not the most desirable. That may result in a further downturn in new home sales as the new home inventories do not match what is being currently demanded over the coming months.August 24, 2010 at 2:39 PM #596163Nor-LA-SD-guyParticipantSmall is beautiful ??? maybe it’s just a home builder marketing ploy ???
Seems maybe they built a few too many starter homes recently,
Small snip from a recent article
Surprisingly, the median existing home price was up 0.7%, but this doesn’t necessarily suggest that prices are still on the rise. Since the price is not a repeat sales index, the rise in the median price suggests that first time homebuyers did not have as much of an impact on existing home sales as they did in prior months. Rather, existing home owners were the main purchaser and they stepped up to more expensive properties that were made more affordable by the drop in mortgage rates.
Unfortunately, the purchases of more expensive properties may actually hurt the new home sector. Since the end of 2009, homebuilders changed their building strategies to compete for first time homebuyers by building smaller homes. According to the existing home sales data, these homes are currently not the most desirable. That may result in a further downturn in new home sales as the new home inventories do not match what is being currently demanded over the coming months.August 24, 2010 at 2:39 PM #596272Nor-LA-SD-guyParticipantSmall is beautiful ??? maybe it’s just a home builder marketing ploy ???
Seems maybe they built a few too many starter homes recently,
Small snip from a recent article
Surprisingly, the median existing home price was up 0.7%, but this doesn’t necessarily suggest that prices are still on the rise. Since the price is not a repeat sales index, the rise in the median price suggests that first time homebuyers did not have as much of an impact on existing home sales as they did in prior months. Rather, existing home owners were the main purchaser and they stepped up to more expensive properties that were made more affordable by the drop in mortgage rates.
Unfortunately, the purchases of more expensive properties may actually hurt the new home sector. Since the end of 2009, homebuilders changed their building strategies to compete for first time homebuyers by building smaller homes. According to the existing home sales data, these homes are currently not the most desirable. That may result in a further downturn in new home sales as the new home inventories do not match what is being currently demanded over the coming months.August 24, 2010 at 2:39 PM #596585Nor-LA-SD-guyParticipantSmall is beautiful ??? maybe it’s just a home builder marketing ploy ???
Seems maybe they built a few too many starter homes recently,
Small snip from a recent article
Surprisingly, the median existing home price was up 0.7%, but this doesn’t necessarily suggest that prices are still on the rise. Since the price is not a repeat sales index, the rise in the median price suggests that first time homebuyers did not have as much of an impact on existing home sales as they did in prior months. Rather, existing home owners were the main purchaser and they stepped up to more expensive properties that were made more affordable by the drop in mortgage rates.
Unfortunately, the purchases of more expensive properties may actually hurt the new home sector. Since the end of 2009, homebuilders changed their building strategies to compete for first time homebuyers by building smaller homes. According to the existing home sales data, these homes are currently not the most desirable. That may result in a further downturn in new home sales as the new home inventories do not match what is being currently demanded over the coming months.August 24, 2010 at 3:27 PM #595566nocommonsenseParticipantThis is more like a castle!
August 24, 2010 at 3:27 PM #595659nocommonsenseParticipantThis is more like a castle!
August 24, 2010 at 3:27 PM #596198nocommonsenseParticipantThis is more like a castle!
August 24, 2010 at 3:27 PM #596307nocommonsenseParticipantThis is more like a castle!
August 24, 2010 at 3:27 PM #596620nocommonsenseParticipantThis is more like a castle!
August 24, 2010 at 8:26 PM #595651briansd1GuestDifferent stats:
By 2008, the typical American house had grown to 2,519 square feet — over twice the size of the 963-square-foot ones of 1950
This was an interesting article on architecture. I wish that the boom in So Cal had created a uniquely modern California style of architecture.
It’s interesting that in California, arguably the most innovative state in the country, we ended up with residential architecture that looks back to the Old Continent for inspiration (Italy, Spain).
I like the new modern buildings that went up at UCSD.
August 24, 2010 at 8:26 PM #595744briansd1GuestDifferent stats:
By 2008, the typical American house had grown to 2,519 square feet — over twice the size of the 963-square-foot ones of 1950
This was an interesting article on architecture. I wish that the boom in So Cal had created a uniquely modern California style of architecture.
It’s interesting that in California, arguably the most innovative state in the country, we ended up with residential architecture that looks back to the Old Continent for inspiration (Italy, Spain).
I like the new modern buildings that went up at UCSD.
August 24, 2010 at 8:26 PM #596283briansd1GuestDifferent stats:
By 2008, the typical American house had grown to 2,519 square feet — over twice the size of the 963-square-foot ones of 1950
This was an interesting article on architecture. I wish that the boom in So Cal had created a uniquely modern California style of architecture.
It’s interesting that in California, arguably the most innovative state in the country, we ended up with residential architecture that looks back to the Old Continent for inspiration (Italy, Spain).
I like the new modern buildings that went up at UCSD.
August 24, 2010 at 8:26 PM #596392briansd1GuestDifferent stats:
By 2008, the typical American house had grown to 2,519 square feet — over twice the size of the 963-square-foot ones of 1950
This was an interesting article on architecture. I wish that the boom in So Cal had created a uniquely modern California style of architecture.
It’s interesting that in California, arguably the most innovative state in the country, we ended up with residential architecture that looks back to the Old Continent for inspiration (Italy, Spain).
I like the new modern buildings that went up at UCSD.
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