Spike up in Median price as Inventory plummets.

[jpinpb]

Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?

[Rt.66]

Yes, the high end has been “sticky” going down. As the high end crumbles and more REO high end sales start to happen it will actually look like the median price is increasing, when the market as a whole is really just continuing the downward slide.

[Rt.66]

Yes, the high end has been “sticky” going down. As the high end crumbles and more REO high end sales start to happen it will actually look like the median price is increasing, when the market as a whole is really just continuing the downward slide.

[Rt.66]

Yes, the high end has been “sticky” going down. As the high end crumbles and more REO high end sales start to happen it will actually look like the median price is increasing, when the market as a whole is really just continuing the downward slide.

[Rt.66]

Yes, the high end has been “sticky” going down. As the high end crumbles and more REO high end sales start to happen it will actually look like the median price is increasing, when the market as a whole is really just continuing the downward slide.

[Rt.66]

Yes, the high end has been “sticky” going down. As the high end crumbles and more REO high end sales start to happen it will actually look like the median price is increasing, when the market as a whole is really just continuing the downward slide.

[sobmaz]

Yep.

We are all assured foreclosures are coming and banks are already sitting on plenty as well.

If there are bidding wars, why wouldn’t the banks be clearing some of this “ghost” inventory? The Banks are stupid but stupid enough to hold inventory until after the spring rush ends?

No bubble in history has ever been reflated.
But, never in history has the worlds leading economic power blown so hard to reflate.

In my opinion you will not see prices come down to reality (like North Park) until 30 year rates move back up.

Every day I wake up to find out that our Government/Fed is doing something that everyone said they were not supposed to be able to do!

Up until about 2 years ago, the Fed supposedly could not control 30 year rates. Now they totally control them.

My fear is the Fed is able to control rates long enough that inflation picks up a couple years before the Fed gets out of the Mortgage manipulation business and housing prices correct via inflation by treading water at current prices.

I hope I am wrong but I continually see the Fed putting its money where its mouth is while I hear a bunch of hot air about the “foreclosure explosion”.

[sobmaz]

Yep.

We are all assured foreclosures are coming and banks are already sitting on plenty as well.

If there are bidding wars, why wouldn’t the banks be clearing some of this “ghost” inventory? The Banks are stupid but stupid enough to hold inventory until after the spring rush ends?

No bubble in history has ever been reflated.
But, never in history has the worlds leading economic power blown so hard to reflate.

In my opinion you will not see prices come down to reality (like North Park) until 30 year rates move back up.

Every day I wake up to find out that our Government/Fed is doing something that everyone said they were not supposed to be able to do!

Up until about 2 years ago, the Fed supposedly could not control 30 year rates. Now they totally control them.

My fear is the Fed is able to control rates long enough that inflation picks up a couple years before the Fed gets out of the Mortgage manipulation business and housing prices correct via inflation by treading water at current prices.

I hope I am wrong but I continually see the Fed putting its money where its mouth is while I hear a bunch of hot air about the “foreclosure explosion”.

[sobmaz]

Yep.

We are all assured foreclosures are coming and banks are already sitting on plenty as well.

If there are bidding wars, why wouldn’t the banks be clearing some of this “ghost” inventory? The Banks are stupid but stupid enough to hold inventory until after the spring rush ends?

No bubble in history has ever been reflated.
But, never in history has the worlds leading economic power blown so hard to reflate.

In my opinion you will not see prices come down to reality (like North Park) until 30 year rates move back up.

Every day I wake up to find out that our Government/Fed is doing something that everyone said they were not supposed to be able to do!

Up until about 2 years ago, the Fed supposedly could not control 30 year rates. Now they totally control them.

My fear is the Fed is able to control rates long enough that inflation picks up a couple years before the Fed gets out of the Mortgage manipulation business and housing prices correct via inflation by treading water at current prices.

I hope I am wrong but I continually see the Fed putting its money where its mouth is while I hear a bunch of hot air about the “foreclosure explosion”.

[sobmaz]

Yep.

We are all assured foreclosures are coming and banks are already sitting on plenty as well.

If there are bidding wars, why wouldn’t the banks be clearing some of this “ghost” inventory? The Banks are stupid but stupid enough to hold inventory until after the spring rush ends?

No bubble in history has ever been reflated.
But, never in history has the worlds leading economic power blown so hard to reflate.

In my opinion you will not see prices come down to reality (like North Park) until 30 year rates move back up.

Every day I wake up to find out that our Government/Fed is doing something that everyone said they were not supposed to be able to do!

Up until about 2 years ago, the Fed supposedly could not control 30 year rates. Now they totally control them.

My fear is the Fed is able to control rates long enough that inflation picks up a couple years before the Fed gets out of the Mortgage manipulation business and housing prices correct via inflation by treading water at current prices.

I hope I am wrong but I continually see the Fed putting its money where its mouth is while I hear a bunch of hot air about the “foreclosure explosion”.

[sobmaz]

Yep.

We are all assured foreclosures are coming and banks are already sitting on plenty as well.

If there are bidding wars, why wouldn’t the banks be clearing some of this “ghost” inventory? The Banks are stupid but stupid enough to hold inventory until after the spring rush ends?

No bubble in history has ever been reflated.
But, never in history has the worlds leading economic power blown so hard to reflate.

In my opinion you will not see prices come down to reality (like North Park) until 30 year rates move back up.

Every day I wake up to find out that our Government/Fed is doing something that everyone said they were not supposed to be able to do!

Up until about 2 years ago, the Fed supposedly could not control 30 year rates. Now they totally control them.

My fear is the Fed is able to control rates long enough that inflation picks up a couple years before the Fed gets out of the Mortgage manipulation business and housing prices correct via inflation by treading water at current prices.

I hope I am wrong but I continually see the Fed putting its money where its mouth is while I hear a bunch of hot air about the “foreclosure explosion”.

[Rich Toscano]

[quote=jpinpb]Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?[/quote]

Only if more high-priced homes sold as a result of the reduced high end prices. (This is the Jim the Realtor thesis as I understand it).

Anyway, as to the original post — that housingtracker site measures asking prices… as this redfin chart shows, there is a difference twixt asking and selling prices:

Rich

[Rich Toscano]

[quote=jpinpb]Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?[/quote]

Only if more high-priced homes sold as a result of the reduced high end prices. (This is the Jim the Realtor thesis as I understand it).

Anyway, as to the original post — that housingtracker site measures asking prices… as this redfin chart shows, there is a difference twixt asking and selling prices:

Rich

[Rich Toscano]

[quote=jpinpb]Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?[/quote]

Only if more high-priced homes sold as a result of the reduced high end prices. (This is the Jim the Realtor thesis as I understand it).

Anyway, as to the original post — that housingtracker site measures asking prices… as this redfin chart shows, there is a difference twixt asking and selling prices:

Rich

[Rich Toscano]

[quote=jpinpb]Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?[/quote]

Only if more high-priced homes sold as a result of the reduced high end prices. (This is the Jim the Realtor thesis as I understand it).

Anyway, as to the original post — that housingtracker site measures asking prices… as this redfin chart shows, there is a difference twixt asking and selling prices:

Rich

[Author]

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