We’ve hit bottom and RE is looking golden again

[cr]

Is this the bottom?

Nope, just propaganda.

Piscitelli also adds that one of his best mortgage broker clients is working on 15 deals “which never would have happened a month or two ago.” He adds, “Most of the work is refi’s but there are some sales in there as well.”

Most are refi’s, but SOME sales are in there.

The sales are probably foreclosures, and the refi’s pre-foreclosures. I’ve noticed realtors putting sold on houses that the following month are for sale again. Tighter standards?

Refi’s are probably the result of lower rates, proactive people trying to avoid foreclosure, and Hope Now.

We know this will happen. Just wait until after 3 dismal month-to-month price declines for an uptick in median resale. The bulls on parade lead by the NAR will shout the bottom is here. The parade will last until next omnth’s data comes out.

[robson]

[img_assist|nid=6599|title=Last Downturn|desc=This is the Case Shiller HPI last downturn. The HPI smooths out single month bounces and even it shows numerous bounces last downturn. Coincidentally, it seems a few happened starting around this time of the year (1991, 1992, 1994). Really not anything to|link=node|align=left|width=466|height=276]

[robson]

[img_assist|nid=6599|title=Last Downturn|desc=This is the Case Shiller HPI last downturn. The HPI smooths out single month bounces and even it shows numerous bounces last downturn. Coincidentally, it seems a few happened starting around this time of the year (1991, 1992, 1994). Really not anything to|link=node|align=left|width=466|height=276]

[robson]

[img_assist|nid=6599|title=Last Downturn|desc=This is the Case Shiller HPI last downturn. The HPI smooths out single month bounces and even it shows numerous bounces last downturn. Coincidentally, it seems a few happened starting around this time of the year (1991, 1992, 1994). Really not anything to|link=node|align=left|width=466|height=276]

[robson]

[img_assist|nid=6599|title=Last Downturn|desc=This is the Case Shiller HPI last downturn. The HPI smooths out single month bounces and even it shows numerous bounces last downturn. Coincidentally, it seems a few happened starting around this time of the year (1991, 1992, 1994). Really not anything to|link=node|align=left|width=466|height=276]

[robson]

[img_assist|nid=6599|title=Last Downturn|desc=This is the Case Shiller HPI last downturn. The HPI smooths out single month bounces and even it shows numerous bounces last downturn. Coincidentally, it seems a few happened starting around this time of the year (1991, 1992, 1994). Really not anything to|link=node|align=left|width=466|height=276]

[4plexowner]

“A lot of the indicators say there’s a significant amount of black work being done, and a lot of that is being done in Southern California,” Kyser said.”

“It’s a two-track economy. You’ve got housing, finance, the auto industry struggling, but you’ve got other industries growing very slowly,” said Jack Kyser, chief economist for the LAEDC.”

http://www.dailybreeze.com/ci_8310186

~

So, let’s see, here are the factors that will prevent a recession in SoCal:

– new ride at an amusement park
– black military projects (so classified that they don’t exist)
– Chinese visitors spending the night

~

I feel loads better now – I was concerned that SoCal might be in for a tough time …

I mean, as long as we have “other industries that are growing slowly” we should be OK shouldn’t we?

[4plexowner]

“A lot of the indicators say there’s a significant amount of black work being done, and a lot of that is being done in Southern California,” Kyser said.”

“It’s a two-track economy. You’ve got housing, finance, the auto industry struggling, but you’ve got other industries growing very slowly,” said Jack Kyser, chief economist for the LAEDC.”

http://www.dailybreeze.com/ci_8310186

~

So, let’s see, here are the factors that will prevent a recession in SoCal:

– new ride at an amusement park
– black military projects (so classified that they don’t exist)
– Chinese visitors spending the night

~

I feel loads better now – I was concerned that SoCal might be in for a tough time …

I mean, as long as we have “other industries that are growing slowly” we should be OK shouldn’t we?

[4plexowner]

“A lot of the indicators say there’s a significant amount of black work being done, and a lot of that is being done in Southern California,” Kyser said.”

“It’s a two-track economy. You’ve got housing, finance, the auto industry struggling, but you’ve got other industries growing very slowly,” said Jack Kyser, chief economist for the LAEDC.”

http://www.dailybreeze.com/ci_8310186

~

So, let’s see, here are the factors that will prevent a recession in SoCal:

– new ride at an amusement park
– black military projects (so classified that they don’t exist)
– Chinese visitors spending the night

~

I feel loads better now – I was concerned that SoCal might be in for a tough time …

I mean, as long as we have “other industries that are growing slowly” we should be OK shouldn’t we?

[4plexowner]

“A lot of the indicators say there’s a significant amount of black work being done, and a lot of that is being done in Southern California,” Kyser said.”

“It’s a two-track economy. You’ve got housing, finance, the auto industry struggling, but you’ve got other industries growing very slowly,” said Jack Kyser, chief economist for the LAEDC.”

http://www.dailybreeze.com/ci_8310186

~

So, let’s see, here are the factors that will prevent a recession in SoCal:

– new ride at an amusement park
– black military projects (so classified that they don’t exist)
– Chinese visitors spending the night

~

I feel loads better now – I was concerned that SoCal might be in for a tough time …

I mean, as long as we have “other industries that are growing slowly” we should be OK shouldn’t we?

[4plexowner]

“A lot of the indicators say there’s a significant amount of black work being done, and a lot of that is being done in Southern California,” Kyser said.”

“It’s a two-track economy. You’ve got housing, finance, the auto industry struggling, but you’ve got other industries growing very slowly,” said Jack Kyser, chief economist for the LAEDC.”

http://www.dailybreeze.com/ci_8310186

~

So, let’s see, here are the factors that will prevent a recession in SoCal:

– new ride at an amusement park
– black military projects (so classified that they don’t exist)
– Chinese visitors spending the night

~

I feel loads better now – I was concerned that SoCal might be in for a tough time …

I mean, as long as we have “other industries that are growing slowly” we should be OK shouldn’t we?

[Eugene]

Coincidentally, it seems a few happened starting around this time of the year (1991, 1992, 1994).

That’s a seasonal phenomenon, you’ll see it every year in every city. HPI peaks approx 1% above 12-month moving average in August and bottoms 1% below the average in February. Probably has something to do with the fact that people with kids don’t like to move during the school year.

This time it may be irrelevant for the following reason

[img_assist|nid=6600|title=|desc=|link=node|align=left|width=466|height=369]

[Eugene]

Coincidentally, it seems a few happened starting around this time of the year (1991, 1992, 1994).

That’s a seasonal phenomenon, you’ll see it every year in every city. HPI peaks approx 1% above 12-month moving average in August and bottoms 1% below the average in February. Probably has something to do with the fact that people with kids don’t like to move during the school year.

This time it may be irrelevant for the following reason

[img_assist|nid=6600|title=|desc=|link=node|align=left|width=466|height=369]

[Eugene]

Coincidentally, it seems a few happened starting around this time of the year (1991, 1992, 1994).

That’s a seasonal phenomenon, you’ll see it every year in every city. HPI peaks approx 1% above 12-month moving average in August and bottoms 1% below the average in February. Probably has something to do with the fact that people with kids don’t like to move during the school year.

This time it may be irrelevant for the following reason

[img_assist|nid=6600|title=|desc=|link=node|align=left|width=466|height=369]

[Eugene]

Coincidentally, it seems a few happened starting around this time of the year (1991, 1992, 1994).

That’s a seasonal phenomenon, you’ll see it every year in every city. HPI peaks approx 1% above 12-month moving average in August and bottoms 1% below the average in February. Probably has something to do with the fact that people with kids don’t like to move during the school year.

This time it may be irrelevant for the following reason

[img_assist|nid=6600|title=|desc=|link=node|align=left|width=466|height=369]

[Author]

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