Survey: 60% homeowners still think prices are going to increase soon

[kev374]

http://www.reuters.com/article/businessNews/idUSN1425914620071214

Proof that seller sentiment has still not changed a lot which is why prices are still staying flat. We are still well in the denial stage. This one has a LONG way to go.

[SD Realtor]

Recall the post that RO made not long ago that had the parabolic graph? Denial is still a very ugly…yet real thing.

SD Realtor

[JWM in SD]

“Proof that seller sentiment has still not changed a lot which is why prices are still staying flat.”

Well, 12 months ago that % would have been a lot higher than 60% no? I’d say progress has been made.

[Ex-SD]

Just wait and see what the number is when next summer is over and the inventory of unsold homes is even higher and sales are at a record low.

[Ex-SD]

Just wait and see what the number is when next summer is over and the inventory of unsold homes is even higher and sales are at a record low.

[Ex-SD]

Just wait and see what the number is when next summer is over and the inventory of unsold homes is even higher and sales are at a record low.

[Ex-SD]

Just wait and see what the number is when next summer is over and the inventory of unsold homes is even higher and sales are at a record low.

[Ex-SD]

Just wait and see what the number is when next summer is over and the inventory of unsold homes is even higher and sales are at a record low.

[HLS]

Ya gotta love surveys like this…

1168 people surveyed..Was it a large elementary school ?

How can they event print something like this and infer that there is any accuracy ?
There are no demographics at all.

They could have asked people in a strong area OR a bubble area, and get different responses.

My survey says that 9 out of 10 surveys are silly.

“The survey is the latest evidence that the U.S. housing slump, now in its third year, will linger longer than expected”

HUH ?? Longer than WHO expected ? How long will it be ?
I expect it to last 5 years.

[(former)FormerSanDiegan]

I don’t view this poll result as being over-optimistic. In fact it is as bearish a poll as I’ve read about in about a decade.

Remember, this is a nationwide poll, not Southern California or San Diego.

If you read the article it says that 21% expect declines. ALso, to quote … The 60 percent that expect higher prices see a mean increase of just 2.9 percent, which is down from 3.9 percent six months ago and fails to keep pace with inflation.

So, nationwide you have an expectation by homeowners that their houses will increase less than inflation.
Last time I checked this was defined as a decline in the real price of a home.

Remember the polls that indicated people expected 15% increases ?

I think this poll indicates that there is a broad swath of the country (20%) girding for outright nominal price declines, and at least 80% expect a real decline in price.

How is this optimistic ?

Sentiment has clearly changed.

[HLS]

Viewing this “poll” as anything is silly.

“The survey found 21 percent of the 1,168 surveyed see a fall in prices, with those heavily concentrated in areas that have already seen values decline”

Why do you assume it’s nationwide ? The only fact is 1168 people. They could have been real estate agents.
They could have been people who were called during dinner.

I cannot understand why anybody would even waste their time. Without demographics, it’s complety random, with nothing to indicate that it is a “nationwide” poll.

If it had a positive spin, it’s what I would expect from the NAR. It’s less useful than a press release that cites the median.

[(former)FormerSanDiegan]

it’s complety random

I agree it’s a small sample and already too much time has been spent on the subject.

But, if it were completely random wouldn’t that make it more valid. Probability & Statistics 101, anyone ?

P.S. – The poll was done by the same folks who perform the Consumer Sentiment Survey. I’m sure after 60 years they understand something about sampling, survey bias and estimation.

[(former)FormerSanDiegan]

Other random polls :

Some people expect a recession …
http://www.reuters.com/article/domesticNews/idUSN2060490120071121

Many don’t like George Bush …
http://www.reuters.com/article/topNews/idUSN1624620720071017

And these results were based on fewer samples than the expected housing price poll.

[RatherOpinionated]

[img_assist|nid=5698|title=Sentiment Cycles|desc=|link=node|align=left|width=466|height=320]

[davelj]

I’d say we’re somewhere between denial and fear at this point.

Seeing the “Temporary set back” line reminds me of a Wall Street joke:

What’s the definition of a long-term investment? A short-term speculation gone wrong.

[SD Realtor]

Well since this is the second time RO posted that treasure I will post the exact same response. I feel there is a shmear of people that span all 3 categories starting at denial and heading downward.

SD Realtor

[SD Realtor]

Well since this is the second time RO posted that treasure I will post the exact same response. I feel there is a shmear of people that span all 3 categories starting at denial and heading downward.

SD Realtor

[SD Realtor]

Well since this is the second time RO posted that treasure I will post the exact same response. I feel there is a shmear of people that span all 3 categories starting at denial and heading downward.

SD Realtor

[SD Realtor]

Well since this is the second time RO posted that treasure I will post the exact same response. I feel there is a shmear of people that span all 3 categories starting at denial and heading downward.

SD Realtor

[SD Realtor]

Well since this is the second time RO posted that treasure I will post the exact same response. I feel there is a shmear of people that span all 3 categories starting at denial and heading downward.

SD Realtor

[davelj]

I’d say we’re somewhere between denial and fear at this point.

Seeing the “Temporary set back” line reminds me of a Wall Street joke:

What’s the definition of a long-term investment? A short-term speculation gone wrong.

[davelj]

I’d say we’re somewhere between denial and fear at this point.

Seeing the “Temporary set back” line reminds me of a Wall Street joke:

What’s the definition of a long-term investment? A short-term speculation gone wrong.

[davelj]

I’d say we’re somewhere between denial and fear at this point.

Seeing the “Temporary set back” line reminds me of a Wall Street joke:

What’s the definition of a long-term investment? A short-term speculation gone wrong.

[davelj]

I’d say we’re somewhere between denial and fear at this point.

Seeing the “Temporary set back” line reminds me of a Wall Street joke:

What’s the definition of a long-term investment? A short-term speculation gone wrong.

[RatherOpinionated]

[img_assist|nid=5698|title=Sentiment Cycles|desc=|link=node|align=left|width=466|height=320]

[RatherOpinionated]

[img_assist|nid=5698|title=Sentiment Cycles|desc=|link=node|align=left|width=466|height=320]

[RatherOpinionated]

[img_assist|nid=5698|title=Sentiment Cycles|desc=|link=node|align=left|width=466|height=320]

[RatherOpinionated]

[img_assist|nid=5698|title=Sentiment Cycles|desc=|link=node|align=left|width=466|height=320]

[(former)FormerSanDiegan]

Other random polls :

Some people expect a recession …
http://www.reuters.com/article/domesticNews/idUSN2060490120071121

Many don’t like George Bush …
http://www.reuters.com/article/topNews/idUSN1624620720071017

And these results were based on fewer samples than the expected housing price poll.

[(former)FormerSanDiegan]

Other random polls :

Some people expect a recession …
http://www.reuters.com/article/domesticNews/idUSN2060490120071121

Many don’t like George Bush …
http://www.reuters.com/article/topNews/idUSN1624620720071017

And these results were based on fewer samples than the expected housing price poll.

[(former)FormerSanDiegan]

Other random polls :

Some people expect a recession …
http://www.reuters.com/article/domesticNews/idUSN2060490120071121

Many don’t like George Bush …
http://www.reuters.com/article/topNews/idUSN1624620720071017

And these results were based on fewer samples than the expected housing price poll.

[(former)FormerSanDiegan]

Other random polls :

Some people expect a recession …
http://www.reuters.com/article/domesticNews/idUSN2060490120071121

Many don’t like George Bush …
http://www.reuters.com/article/topNews/idUSN1624620720071017

And these results were based on fewer samples than the expected housing price poll.

[(former)FormerSanDiegan]

it’s complety random

I agree it’s a small sample and already too much time has been spent on the subject.

But, if it were completely random wouldn’t that make it more valid. Probability & Statistics 101, anyone ?

P.S. – The poll was done by the same folks who perform the Consumer Sentiment Survey. I’m sure after 60 years they understand something about sampling, survey bias and estimation.

[(former)FormerSanDiegan]

it’s complety random

I agree it’s a small sample and already too much time has been spent on the subject.

But, if it were completely random wouldn’t that make it more valid. Probability & Statistics 101, anyone ?

P.S. – The poll was done by the same folks who perform the Consumer Sentiment Survey. I’m sure after 60 years they understand something about sampling, survey bias and estimation.

[(former)FormerSanDiegan]

it’s complety random

I agree it’s a small sample and already too much time has been spent on the subject.

But, if it were completely random wouldn’t that make it more valid. Probability & Statistics 101, anyone ?

P.S. – The poll was done by the same folks who perform the Consumer Sentiment Survey. I’m sure after 60 years they understand something about sampling, survey bias and estimation.

[(former)FormerSanDiegan]

it’s complety random

I agree it’s a small sample and already too much time has been spent on the subject.

But, if it were completely random wouldn’t that make it more valid. Probability & Statistics 101, anyone ?

P.S. – The poll was done by the same folks who perform the Consumer Sentiment Survey. I’m sure after 60 years they understand something about sampling, survey bias and estimation.

[HLS]

Viewing this “poll” as anything is silly.

“The survey found 21 percent of the 1,168 surveyed see a fall in prices, with those heavily concentrated in areas that have already seen values decline”

Why do you assume it’s nationwide ? The only fact is 1168 people. They could have been real estate agents.
They could have been people who were called during dinner.

I cannot understand why anybody would even waste their time. Without demographics, it’s complety random, with nothing to indicate that it is a “nationwide” poll.

If it had a positive spin, it’s what I would expect from the NAR. It’s less useful than a press release that cites the median.

[HLS]

Viewing this “poll” as anything is silly.

“The survey found 21 percent of the 1,168 surveyed see a fall in prices, with those heavily concentrated in areas that have already seen values decline”

Why do you assume it’s nationwide ? The only fact is 1168 people. They could have been real estate agents.
They could have been people who were called during dinner.

I cannot understand why anybody would even waste their time. Without demographics, it’s complety random, with nothing to indicate that it is a “nationwide” poll.

If it had a positive spin, it’s what I would expect from the NAR. It’s less useful than a press release that cites the median.

[HLS]

Viewing this “poll” as anything is silly.

“The survey found 21 percent of the 1,168 surveyed see a fall in prices, with those heavily concentrated in areas that have already seen values decline”

Why do you assume it’s nationwide ? The only fact is 1168 people. They could have been real estate agents.
They could have been people who were called during dinner.

I cannot understand why anybody would even waste their time. Without demographics, it’s complety random, with nothing to indicate that it is a “nationwide” poll.

If it had a positive spin, it’s what I would expect from the NAR. It’s less useful than a press release that cites the median.

[HLS]

Viewing this “poll” as anything is silly.

“The survey found 21 percent of the 1,168 surveyed see a fall in prices, with those heavily concentrated in areas that have already seen values decline”

Why do you assume it’s nationwide ? The only fact is 1168 people. They could have been real estate agents.
They could have been people who were called during dinner.

I cannot understand why anybody would even waste their time. Without demographics, it’s complety random, with nothing to indicate that it is a “nationwide” poll.

If it had a positive spin, it’s what I would expect from the NAR. It’s less useful than a press release that cites the median.

[(former)FormerSanDiegan]

I don’t view this poll result as being over-optimistic. In fact it is as bearish a poll as I’ve read about in about a decade.

Remember, this is a nationwide poll, not Southern California or San Diego.

If you read the article it says that 21% expect declines. ALso, to quote … The 60 percent that expect higher prices see a mean increase of just 2.9 percent, which is down from 3.9 percent six months ago and fails to keep pace with inflation.

So, nationwide you have an expectation by homeowners that their houses will increase less than inflation.
Last time I checked this was defined as a decline in the real price of a home.

Remember the polls that indicated people expected 15% increases ?

I think this poll indicates that there is a broad swath of the country (20%) girding for outright nominal price declines, and at least 80% expect a real decline in price.

How is this optimistic ?

Sentiment has clearly changed.

[(former)FormerSanDiegan]

I don’t view this poll result as being over-optimistic. In fact it is as bearish a poll as I’ve read about in about a decade.

Remember, this is a nationwide poll, not Southern California or San Diego.

If you read the article it says that 21% expect declines. ALso, to quote … The 60 percent that expect higher prices see a mean increase of just 2.9 percent, which is down from 3.9 percent six months ago and fails to keep pace with inflation.

So, nationwide you have an expectation by homeowners that their houses will increase less than inflation.
Last time I checked this was defined as a decline in the real price of a home.

Remember the polls that indicated people expected 15% increases ?

I think this poll indicates that there is a broad swath of the country (20%) girding for outright nominal price declines, and at least 80% expect a real decline in price.

How is this optimistic ?

Sentiment has clearly changed.

[(former)FormerSanDiegan]

I don’t view this poll result as being over-optimistic. In fact it is as bearish a poll as I’ve read about in about a decade.

Remember, this is a nationwide poll, not Southern California or San Diego.

If you read the article it says that 21% expect declines. ALso, to quote … The 60 percent that expect higher prices see a mean increase of just 2.9 percent, which is down from 3.9 percent six months ago and fails to keep pace with inflation.

So, nationwide you have an expectation by homeowners that their houses will increase less than inflation.
Last time I checked this was defined as a decline in the real price of a home.

Remember the polls that indicated people expected 15% increases ?

I think this poll indicates that there is a broad swath of the country (20%) girding for outright nominal price declines, and at least 80% expect a real decline in price.

How is this optimistic ?

Sentiment has clearly changed.

[(former)FormerSanDiegan]

I don’t view this poll result as being over-optimistic. In fact it is as bearish a poll as I’ve read about in about a decade.

Remember, this is a nationwide poll, not Southern California or San Diego.

If you read the article it says that 21% expect declines. ALso, to quote … The 60 percent that expect higher prices see a mean increase of just 2.9 percent, which is down from 3.9 percent six months ago and fails to keep pace with inflation.

So, nationwide you have an expectation by homeowners that their houses will increase less than inflation.
Last time I checked this was defined as a decline in the real price of a home.

Remember the polls that indicated people expected 15% increases ?

I think this poll indicates that there is a broad swath of the country (20%) girding for outright nominal price declines, and at least 80% expect a real decline in price.

How is this optimistic ?

Sentiment has clearly changed.

[HLS]

Ya gotta love surveys like this…

1168 people surveyed..Was it a large elementary school ?

How can they event print something like this and infer that there is any accuracy ?
There are no demographics at all.

They could have asked people in a strong area OR a bubble area, and get different responses.

My survey says that 9 out of 10 surveys are silly.

“The survey is the latest evidence that the U.S. housing slump, now in its third year, will linger longer than expected”

HUH ?? Longer than WHO expected ? How long will it be ?
I expect it to last 5 years.

[HLS]

Ya gotta love surveys like this…

1168 people surveyed..Was it a large elementary school ?

How can they event print something like this and infer that there is any accuracy ?
There are no demographics at all.

They could have asked people in a strong area OR a bubble area, and get different responses.

My survey says that 9 out of 10 surveys are silly.

“The survey is the latest evidence that the U.S. housing slump, now in its third year, will linger longer than expected”

HUH ?? Longer than WHO expected ? How long will it be ?
I expect it to last 5 years.

[HLS]

Ya gotta love surveys like this…

1168 people surveyed..Was it a large elementary school ?

How can they event print something like this and infer that there is any accuracy ?
There are no demographics at all.

They could have asked people in a strong area OR a bubble area, and get different responses.

My survey says that 9 out of 10 surveys are silly.

“The survey is the latest evidence that the U.S. housing slump, now in its third year, will linger longer than expected”

HUH ?? Longer than WHO expected ? How long will it be ?
I expect it to last 5 years.

[HLS]

Ya gotta love surveys like this…

1168 people surveyed..Was it a large elementary school ?

How can they event print something like this and infer that there is any accuracy ?
There are no demographics at all.

They could have asked people in a strong area OR a bubble area, and get different responses.

My survey says that 9 out of 10 surveys are silly.

“The survey is the latest evidence that the U.S. housing slump, now in its third year, will linger longer than expected”

HUH ?? Longer than WHO expected ? How long will it be ?
I expect it to last 5 years.

[JWM in SD]

“Proof that seller sentiment has still not changed a lot which is why prices are still staying flat.”

Well, 12 months ago that % would have been a lot higher than 60% no? I’d say progress has been made.

[JWM in SD]

“Proof that seller sentiment has still not changed a lot which is why prices are still staying flat.”

Well, 12 months ago that % would have been a lot higher than 60% no? I’d say progress has been made.

[JWM in SD]

“Proof that seller sentiment has still not changed a lot which is why prices are still staying flat.”

Well, 12 months ago that % would have been a lot higher than 60% no? I’d say progress has been made.

[JWM in SD]

“Proof that seller sentiment has still not changed a lot which is why prices are still staying flat.”

Well, 12 months ago that % would have been a lot higher than 60% no? I’d say progress has been made.

[SD Realtor]

Recall the post that RO made not long ago that had the parabolic graph? Denial is still a very ugly…yet real thing.

SD Realtor

[SD Realtor]

Recall the post that RO made not long ago that had the parabolic graph? Denial is still a very ugly…yet real thing.

SD Realtor

[SD Realtor]

Recall the post that RO made not long ago that had the parabolic graph? Denial is still a very ugly…yet real thing.

SD Realtor

[SD Realtor]

Recall the post that RO made not long ago that had the parabolic graph? Denial is still a very ugly…yet real thing.

SD Realtor

[Author]

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