[cr]

Here’s one of the first articles I have seen that predicts a decline into and past 2010 – it says “According to our calculations, prices in most markets will fall by double digits over the next five years.”

http://finance.yahoo.com/real-estate/article/103872/Real-Estate:-Buy,-Sell,-or-Hold;_ylt=AshhO.qie1M5sfWiY3yGbgy7YWsA

And it actually looks at data, not just the NAR’s crystal ball. Here are a couple of 5-year change predictions in thousands of dollars for houses that are DOUBLE the median, although I’m not sure know why they use that:

Los Angeles – June ’06 = $1,107, June ’12 = $841
San Diego – June ’06 = $1,211, June ’12 = $926
Orange County, Calif. – June ’06 = $1,419, ’12 = $1,104
Inland Empire, Calif. – June ’06 = $791, ’12 = $667

This stuff is good to hear but where was all this mainstream bearish-on-housing talk a year ago, when people called sites like this doomsdayish?

[cr]

Here’s one of the first articles I have seen that predicts a decline into and past 2010 – it says “According to our calculations, prices in most markets will fall by double digits over the next five years.”

http://finance.yahoo.com/real-estate/article/103872/Real-Estate:-Buy,-Sell,-or-Hold;_ylt=AshhO.qie1M5sfWiY3yGbgy7YWsA

And it actually looks at data, not just the NAR’s crystal ball. Here are a couple of 5-year change predictions in thousands of dollars for houses that are DOUBLE the median, although I’m not sure know why they use that:

Los Angeles – June ’06 = $1,107, June ’12 = $841
San Diego – June ’06 = $1,211, June ’12 = $926
Orange County, Calif. – June ’06 = $1,419, ’12 = $1,104
Inland Empire, Calif. – June ’06 = $791, ’12 = $667

This stuff is good to hear but where was all this mainstream bearish-on-housing talk a year ago, when people called sites like this doomsdayish?

[cr]

Here’s one of the first articles I have seen that predicts a decline into and past 2010 – it says “According to our calculations, prices in most markets will fall by double digits over the next five years.”

http://finance.yahoo.com/real-estate/article/103872/Real-Estate:-Buy,-Sell,-or-Hold;_ylt=AshhO.qie1M5sfWiY3yGbgy7YWsA

And it actually looks at data, not just the NAR’s crystal ball. Here are a couple of 5-year change predictions in thousands of dollars for houses that are DOUBLE the median, although I’m not sure know why they use that:

Los Angeles – June ’06 = $1,107, June ’12 = $841
San Diego – June ’06 = $1,211, June ’12 = $926
Orange County, Calif. – June ’06 = $1,419, ’12 = $1,104
Inland Empire, Calif. – June ’06 = $791, ’12 = $667

This stuff is good to hear but where was all this mainstream bearish-on-housing talk a year ago, when people called sites like this doomsdayish?

[cr]

Here’s one of the first articles I have seen that predicts a decline into and past 2010 – it says “According to our calculations, prices in most markets will fall by double digits over the next five years.”

http://finance.yahoo.com/real-estate/article/103872/Real-Estate:-Buy,-Sell,-or-Hold;_ylt=AshhO.qie1M5sfWiY3yGbgy7YWsA

And it actually looks at data, not just the NAR’s crystal ball. Here are a couple of 5-year change predictions in thousands of dollars for houses that are DOUBLE the median, although I’m not sure know why they use that:

Los Angeles – June ’06 = $1,107, June ’12 = $841
San Diego – June ’06 = $1,211, June ’12 = $926
Orange County, Calif. – June ’06 = $1,419, ’12 = $1,104
Inland Empire, Calif. – June ’06 = $791, ’12 = $667

This stuff is good to hear but where was all this mainstream bearish-on-housing talk a year ago, when people called sites like this doomsdayish?

[cr]

Here’s one of the first articles I have seen that predicts a decline into and past 2010 – it says “According to our calculations, prices in most markets will fall by double digits over the next five years.”

http://finance.yahoo.com/real-estate/article/103872/Real-Estate:-Buy,-Sell,-or-Hold;_ylt=AshhO.qie1M5sfWiY3yGbgy7YWsA

And it actually looks at data, not just the NAR’s crystal ball. Here are a couple of 5-year change predictions in thousands of dollars for houses that are DOUBLE the median, although I’m not sure know why they use that:

Los Angeles – June ’06 = $1,107, June ’12 = $841
San Diego – June ’06 = $1,211, June ’12 = $926
Orange County, Calif. – June ’06 = $1,419, ’12 = $1,104
Inland Empire, Calif. – June ’06 = $791, ’12 = $667

This stuff is good to hear but where was all this mainstream bearish-on-housing talk a year ago, when people called sites like this doomsdayish?

[cr]

Good question. Wherever he gets it, he certainly only looks at the things that can be spun into naive optimism.

There’s so much wrong with every statement he makes it’s not ever worth refuting.

Does anyone have any idea on the value of ARMs that have reset so far since this bubble started?

I wonder how the roughly $1 trillion in ARMS still to reset compares to the amount that already reset and caused the damage we’ve seen so far. Either way, I’d bet default/foreclosure rates increase.

[cr]

Good question. Wherever he gets it, he certainly only looks at the things that can be spun into naive optimism.

There’s so much wrong with every statement he makes it’s not ever worth refuting.

Does anyone have any idea on the value of ARMs that have reset so far since this bubble started?

I wonder how the roughly $1 trillion in ARMS still to reset compares to the amount that already reset and caused the damage we’ve seen so far. Either way, I’d bet default/foreclosure rates increase.

[cr]

Good question. Wherever he gets it, he certainly only looks at the things that can be spun into naive optimism.

There’s so much wrong with every statement he makes it’s not ever worth refuting.

Does anyone have any idea on the value of ARMs that have reset so far since this bubble started?

I wonder how the roughly $1 trillion in ARMS still to reset compares to the amount that already reset and caused the damage we’ve seen so far. Either way, I’d bet default/foreclosure rates increase.

[cr]

Good question. Wherever he gets it, he certainly only looks at the things that can be spun into naive optimism.

There’s so much wrong with every statement he makes it’s not ever worth refuting.

Does anyone have any idea on the value of ARMs that have reset so far since this bubble started?

I wonder how the roughly $1 trillion in ARMS still to reset compares to the amount that already reset and caused the damage we’ve seen so far. Either way, I’d bet default/foreclosure rates increase.

[cr]

Good question. Wherever he gets it, he certainly only looks at the things that can be spun into naive optimism.

There’s so much wrong with every statement he makes it’s not ever worth refuting.

Does anyone have any idea on the value of ARMs that have reset so far since this bubble started?

I wonder how the roughly $1 trillion in ARMS still to reset compares to the amount that already reset and caused the damage we’ve seen so far. Either way, I’d bet default/foreclosure rates increase.

[cr]

Rather than post a new thread…

Looks like that “pent up demand” will continue to build up due to what in hindsight will probably be an overcorrection.

“Residential mortgages were more difficult to get over the past three months than at any time in the 17-year history of the Federal Reserve’s survey of banks. Standards for other types of loans tightened too, while demand fell.”

http://realestate.msn.com/Buying/Article_mw.aspx?cp-documentid=5697915&GT1=10632

How will the NAR spin this one?

[cr]

Rather than post a new thread…

Looks like that “pent up demand” will continue to build up due to what in hindsight will probably be an overcorrection.

“Residential mortgages were more difficult to get over the past three months than at any time in the 17-year history of the Federal Reserve’s survey of banks. Standards for other types of loans tightened too, while demand fell.”

http://realestate.msn.com/Buying/Article_mw.aspx?cp-documentid=5697915&GT1=10632

How will the NAR spin this one?

[cr]

Rather than post a new thread…

Looks like that “pent up demand” will continue to build up due to what in hindsight will probably be an overcorrection.

“Residential mortgages were more difficult to get over the past three months than at any time in the 17-year history of the Federal Reserve’s survey of banks. Standards for other types of loans tightened too, while demand fell.”

http://realestate.msn.com/Buying/Article_mw.aspx?cp-documentid=5697915&GT1=10632

How will the NAR spin this one?

[cr]

Rather than post a new thread…

Looks like that “pent up demand” will continue to build up due to what in hindsight will probably be an overcorrection.

“Residential mortgages were more difficult to get over the past three months than at any time in the 17-year history of the Federal Reserve’s survey of banks. Standards for other types of loans tightened too, while demand fell.”

http://realestate.msn.com/Buying/Article_mw.aspx?cp-documentid=5697915&GT1=10632

How will the NAR spin this one?

[cr]

Rather than post a new thread…

Looks like that “pent up demand” will continue to build up due to what in hindsight will probably be an overcorrection.

“Residential mortgages were more difficult to get over the past three months than at any time in the 17-year history of the Federal Reserve’s survey of banks. Standards for other types of loans tightened too, while demand fell.”

http://realestate.msn.com/Buying/Article_mw.aspx?cp-documentid=5697915&GT1=10632

How will the NAR spin this one?

[Author]

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