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May 1, 2009 at 7:03 PM in reply to: Visalia, California Real Estate Broker Predicts a 30% Increase in Home Prices. #391450
5yearwaiter
Participant[quote=Sly]As discussed in the business section of our local paper, The Fresno Bee, a local real estate broker predicted a 30% increase in house prices by next spring.
I assume he was speaking of the Visalia-Tulare California area as well as the Central Valley of California.
http://www.fresnobee.com/business/story/1371635.html
While the federal tax credits,low interest rates, and the start of the spring selling season may push up the housing demand resulting in some higher home values, I serious doubt there will be a 30% increase in home prices within the next 12 months.
Any opinions as to the accuracy of this prediction?
Sly
[/quote]
If this prediction goes correct then prepare for further next Spring i.e 2011 a drastic severe housing turmoil again- just what we did in the past years 2002-2003 (keeping low interest rates and allow housing only a balloon to pop-up). Just try to grow in all fields uniquiely instead of housing only and that is also up to 30%. If you allow housing just 6-9% then I would say nothing is going to be happened again.
May 1, 2009 at 7:03 PM in reply to: Visalia, California Real Estate Broker Predicts a 30% Increase in Home Prices. #3917135yearwaiter
Participant[quote=Sly]As discussed in the business section of our local paper, The Fresno Bee, a local real estate broker predicted a 30% increase in house prices by next spring.
I assume he was speaking of the Visalia-Tulare California area as well as the Central Valley of California.
http://www.fresnobee.com/business/story/1371635.html
While the federal tax credits,low interest rates, and the start of the spring selling season may push up the housing demand resulting in some higher home values, I serious doubt there will be a 30% increase in home prices within the next 12 months.
Any opinions as to the accuracy of this prediction?
Sly
[/quote]
If this prediction goes correct then prepare for further next Spring i.e 2011 a drastic severe housing turmoil again- just what we did in the past years 2002-2003 (keeping low interest rates and allow housing only a balloon to pop-up). Just try to grow in all fields uniquiely instead of housing only and that is also up to 30%. If you allow housing just 6-9% then I would say nothing is going to be happened again.
May 1, 2009 at 7:03 PM in reply to: Visalia, California Real Estate Broker Predicts a 30% Increase in Home Prices. #3919235yearwaiter
Participant[quote=Sly]As discussed in the business section of our local paper, The Fresno Bee, a local real estate broker predicted a 30% increase in house prices by next spring.
I assume he was speaking of the Visalia-Tulare California area as well as the Central Valley of California.
http://www.fresnobee.com/business/story/1371635.html
While the federal tax credits,low interest rates, and the start of the spring selling season may push up the housing demand resulting in some higher home values, I serious doubt there will be a 30% increase in home prices within the next 12 months.
Any opinions as to the accuracy of this prediction?
Sly
[/quote]
If this prediction goes correct then prepare for further next Spring i.e 2011 a drastic severe housing turmoil again- just what we did in the past years 2002-2003 (keeping low interest rates and allow housing only a balloon to pop-up). Just try to grow in all fields uniquiely instead of housing only and that is also up to 30%. If you allow housing just 6-9% then I would say nothing is going to be happened again.
May 1, 2009 at 7:03 PM in reply to: Visalia, California Real Estate Broker Predicts a 30% Increase in Home Prices. #3919765yearwaiter
Participant[quote=Sly]As discussed in the business section of our local paper, The Fresno Bee, a local real estate broker predicted a 30% increase in house prices by next spring.
I assume he was speaking of the Visalia-Tulare California area as well as the Central Valley of California.
http://www.fresnobee.com/business/story/1371635.html
While the federal tax credits,low interest rates, and the start of the spring selling season may push up the housing demand resulting in some higher home values, I serious doubt there will be a 30% increase in home prices within the next 12 months.
Any opinions as to the accuracy of this prediction?
Sly
[/quote]
If this prediction goes correct then prepare for further next Spring i.e 2011 a drastic severe housing turmoil again- just what we did in the past years 2002-2003 (keeping low interest rates and allow housing only a balloon to pop-up). Just try to grow in all fields uniquiely instead of housing only and that is also up to 30%. If you allow housing just 6-9% then I would say nothing is going to be happened again.
May 1, 2009 at 7:03 PM in reply to: Visalia, California Real Estate Broker Predicts a 30% Increase in Home Prices. #3921155yearwaiter
Participant[quote=Sly]As discussed in the business section of our local paper, The Fresno Bee, a local real estate broker predicted a 30% increase in house prices by next spring.
I assume he was speaking of the Visalia-Tulare California area as well as the Central Valley of California.
http://www.fresnobee.com/business/story/1371635.html
While the federal tax credits,low interest rates, and the start of the spring selling season may push up the housing demand resulting in some higher home values, I serious doubt there will be a 30% increase in home prices within the next 12 months.
Any opinions as to the accuracy of this prediction?
Sly
[/quote]
If this prediction goes correct then prepare for further next Spring i.e 2011 a drastic severe housing turmoil again- just what we did in the past years 2002-2003 (keeping low interest rates and allow housing only a balloon to pop-up). Just try to grow in all fields uniquiely instead of housing only and that is also up to 30%. If you allow housing just 6-9% then I would say nothing is going to be happened again.
May 1, 2009 at 9:51 AM in reply to: 20 new homes to be bulldozed in Temecula (signaling a bottom:) #3909455yearwaiter
Participant[quote=jpinpb]Hmmmm. That’s one way to force a bottom. Destroy all the homes. Leave only a few. Then the price will go up b/c there is no supply. Then start to build again at high prices. π
I just can’t believe they’re now resorting to tearing down homes, but this is what it’s come to. [/quote]
Why not they sell these homes at as is condition to the lower most prices – when folks ready to buy at give away prices? What they get back when they demolish those? Are they getting any cash value back into their books?
May 1, 2009 at 9:51 AM in reply to: 20 new homes to be bulldozed in Temecula (signaling a bottom:) #3912085yearwaiter
Participant[quote=jpinpb]Hmmmm. That’s one way to force a bottom. Destroy all the homes. Leave only a few. Then the price will go up b/c there is no supply. Then start to build again at high prices. π
I just can’t believe they’re now resorting to tearing down homes, but this is what it’s come to. [/quote]
Why not they sell these homes at as is condition to the lower most prices – when folks ready to buy at give away prices? What they get back when they demolish those? Are they getting any cash value back into their books?
May 1, 2009 at 9:51 AM in reply to: 20 new homes to be bulldozed in Temecula (signaling a bottom:) #3914175yearwaiter
Participant[quote=jpinpb]Hmmmm. That’s one way to force a bottom. Destroy all the homes. Leave only a few. Then the price will go up b/c there is no supply. Then start to build again at high prices. π
I just can’t believe they’re now resorting to tearing down homes, but this is what it’s come to. [/quote]
Why not they sell these homes at as is condition to the lower most prices – when folks ready to buy at give away prices? What they get back when they demolish those? Are they getting any cash value back into their books?
May 1, 2009 at 9:51 AM in reply to: 20 new homes to be bulldozed in Temecula (signaling a bottom:) #3914695yearwaiter
Participant[quote=jpinpb]Hmmmm. That’s one way to force a bottom. Destroy all the homes. Leave only a few. Then the price will go up b/c there is no supply. Then start to build again at high prices. π
I just can’t believe they’re now resorting to tearing down homes, but this is what it’s come to. [/quote]
Why not they sell these homes at as is condition to the lower most prices – when folks ready to buy at give away prices? What they get back when they demolish those? Are they getting any cash value back into their books?
May 1, 2009 at 9:51 AM in reply to: 20 new homes to be bulldozed in Temecula (signaling a bottom:) #3916115yearwaiter
Participant[quote=jpinpb]Hmmmm. That’s one way to force a bottom. Destroy all the homes. Leave only a few. Then the price will go up b/c there is no supply. Then start to build again at high prices. π
I just can’t believe they’re now resorting to tearing down homes, but this is what it’s come to. [/quote]
Why not they sell these homes at as is condition to the lower most prices – when folks ready to buy at give away prices? What they get back when they demolish those? Are they getting any cash value back into their books?
May 1, 2009 at 8:43 AM in reply to: Recession deepens…first quarter GDP worse than expected… #3908565yearwaiter
Participant[quote=Bob]
Recession still has grip on the economy
First-quarter GDP shrinks at worse-than-expected 6.1 percent pace
[/quote]A real and absolute news that everyone needs to focus on for further investments if any on housing. These are the news hide in conrner or delayed for somereason.
May 1, 2009 at 8:43 AM in reply to: Recession deepens…first quarter GDP worse than expected… #3911195yearwaiter
Participant[quote=Bob]
Recession still has grip on the economy
First-quarter GDP shrinks at worse-than-expected 6.1 percent pace
[/quote]A real and absolute news that everyone needs to focus on for further investments if any on housing. These are the news hide in conrner or delayed for somereason.
May 1, 2009 at 8:43 AM in reply to: Recession deepens…first quarter GDP worse than expected… #3913275yearwaiter
Participant[quote=Bob]
Recession still has grip on the economy
First-quarter GDP shrinks at worse-than-expected 6.1 percent pace
[/quote]A real and absolute news that everyone needs to focus on for further investments if any on housing. These are the news hide in conrner or delayed for somereason.
May 1, 2009 at 8:43 AM in reply to: Recession deepens…first quarter GDP worse than expected… #3913795yearwaiter
Participant[quote=Bob]
Recession still has grip on the economy
First-quarter GDP shrinks at worse-than-expected 6.1 percent pace
[/quote]A real and absolute news that everyone needs to focus on for further investments if any on housing. These are the news hide in conrner or delayed for somereason.
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