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

[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.

[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.

[(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.

[(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.

[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.

[Author]

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