[5yearwaiter]

[quote=SD Realtor]Because the builders are seeing strong demand. Two years ago they started a substantial slowdown. Now they have a much slower rollout of phases and the number of homes per phase is smaller now as well.

The resale inventory has also gone down further reducing the homes for people to choose from. The foreclosure moratorium is also reducing the foreclosure stock of homes.

Also as you can see the incentives are very poor as well. [/quote]

Where the money coming from to invest this much in housing? I believe now fewer folks trying to use the chance that is Fed giving (8k and 10K incentives) but still the situation would remain same – that keep knocking down economy further. Having this much house mortgage payments and having escalated commodities – we are not going to any way further. If I interpret correctly our Fed is indirectly trying to make everyone take some borrowing and keep paying a bit high back to them, so that they can show to everyone this is “our Economy”. But finally everyone knows how this end up.

[5yearwaiter]

[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.

[5yearwaiter]

[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.

[5yearwaiter]

[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.

[5yearwaiter]

[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.

[5yearwaiter]

[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.

[5yearwaiter]

[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. 😉

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?

[5yearwaiter]

[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. 😉

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?

[5yearwaiter]

[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. 😉

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?

[5yearwaiter]

[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. 😉

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?

[5yearwaiter]

[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. 😉

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?

[5yearwaiter]

[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.

[5yearwaiter]

[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.

[5yearwaiter]

[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.

[5yearwaiter]

[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.

[Author]

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