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Bugs
ParticipantPossibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.
Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.
I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.
Bugs
ParticipantPossibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.
Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.
I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.
Bugs
ParticipantPossibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.
Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.
I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.
Bugs
ParticipantPossibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.
Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.
I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.
Bugs
ParticipantThat’s not the only Barratt project with problems. Their Magnolia Ranch project at Bressi has been online for 18 months now and they’ve only sold 13 units out of the 30. One of those is already going into foreclosure.
Bugs
ParticipantThat’s not the only Barratt project with problems. Their Magnolia Ranch project at Bressi has been online for 18 months now and they’ve only sold 13 units out of the 30. One of those is already going into foreclosure.
Bugs
ParticipantThat’s not the only Barratt project with problems. Their Magnolia Ranch project at Bressi has been online for 18 months now and they’ve only sold 13 units out of the 30. One of those is already going into foreclosure.
Bugs
ParticipantThat’s not the only Barratt project with problems. Their Magnolia Ranch project at Bressi has been online for 18 months now and they’ve only sold 13 units out of the 30. One of those is already going into foreclosure.
Bugs
ParticipantThat’s not the only Barratt project with problems. Their Magnolia Ranch project at Bressi has been online for 18 months now and they’ve only sold 13 units out of the 30. One of those is already going into foreclosure.
December 31, 2007 at 12:47 PM in reply to: Sales Voumes for 2007 vs. 1996: Missed it by THIS much – 2.2% #126886Bugs
ParticipantSo far this year the late reporters have been adding another 10% or so onto the totals after the last day of the month. If we had ~1150 sales on December 31, 2007 that tells me that adding another 170 sales on top of that – which is what I did – is giving the opposing viewpoint the benefit of the doubt.
I’m operating off the assumption that the percentage of sales transactions that didn’t go through the MLS in 1996 is similar to that of 2007. Perhaps that assumption isn’t entirely valid but it’s not completely invalid, either.
As for patting myself on the back, that’s not true at all. I was wrong about how bad this year would be. As it turns out, I was a too optimistic by a fair bit.
December 31, 2007 at 12:47 PM in reply to: Sales Voumes for 2007 vs. 1996: Missed it by THIS much – 2.2% #127047Bugs
ParticipantSo far this year the late reporters have been adding another 10% or so onto the totals after the last day of the month. If we had ~1150 sales on December 31, 2007 that tells me that adding another 170 sales on top of that – which is what I did – is giving the opposing viewpoint the benefit of the doubt.
I’m operating off the assumption that the percentage of sales transactions that didn’t go through the MLS in 1996 is similar to that of 2007. Perhaps that assumption isn’t entirely valid but it’s not completely invalid, either.
As for patting myself on the back, that’s not true at all. I was wrong about how bad this year would be. As it turns out, I was a too optimistic by a fair bit.
December 31, 2007 at 12:47 PM in reply to: Sales Voumes for 2007 vs. 1996: Missed it by THIS much – 2.2% #127056Bugs
ParticipantSo far this year the late reporters have been adding another 10% or so onto the totals after the last day of the month. If we had ~1150 sales on December 31, 2007 that tells me that adding another 170 sales on top of that – which is what I did – is giving the opposing viewpoint the benefit of the doubt.
I’m operating off the assumption that the percentage of sales transactions that didn’t go through the MLS in 1996 is similar to that of 2007. Perhaps that assumption isn’t entirely valid but it’s not completely invalid, either.
As for patting myself on the back, that’s not true at all. I was wrong about how bad this year would be. As it turns out, I was a too optimistic by a fair bit.
December 31, 2007 at 12:47 PM in reply to: Sales Voumes for 2007 vs. 1996: Missed it by THIS much – 2.2% #127125Bugs
ParticipantSo far this year the late reporters have been adding another 10% or so onto the totals after the last day of the month. If we had ~1150 sales on December 31, 2007 that tells me that adding another 170 sales on top of that – which is what I did – is giving the opposing viewpoint the benefit of the doubt.
I’m operating off the assumption that the percentage of sales transactions that didn’t go through the MLS in 1996 is similar to that of 2007. Perhaps that assumption isn’t entirely valid but it’s not completely invalid, either.
As for patting myself on the back, that’s not true at all. I was wrong about how bad this year would be. As it turns out, I was a too optimistic by a fair bit.
December 31, 2007 at 12:47 PM in reply to: Sales Voumes for 2007 vs. 1996: Missed it by THIS much – 2.2% #127149Bugs
ParticipantSo far this year the late reporters have been adding another 10% or so onto the totals after the last day of the month. If we had ~1150 sales on December 31, 2007 that tells me that adding another 170 sales on top of that – which is what I did – is giving the opposing viewpoint the benefit of the doubt.
I’m operating off the assumption that the percentage of sales transactions that didn’t go through the MLS in 1996 is similar to that of 2007. Perhaps that assumption isn’t entirely valid but it’s not completely invalid, either.
As for patting myself on the back, that’s not true at all. I was wrong about how bad this year would be. As it turns out, I was a too optimistic by a fair bit.
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