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an
an
15 years ago

How dare you show
How dare you show questionable bullishness around here!!! (j/k). Thanks Rich, those are some nice charts.

outtamojo
15 years ago

Looks like we back to Oct. 08
Looks like we back to Oct. 08 prices-woo-hoo!

Anonymous
Anonymous
15 years ago
Reply to  outtamojo

More like back to Feb. 09…
More like back to Feb. 09… looking at the CS-HPI chart.

[quote=outtamojo]Looks like we back to Oct. 08 prices-woo-hoo![/quote]

peterb
15 years ago
Reply to  Anonymous

It’s a recovery….run out a
It’s a recovery….run out a buy real estate while it’s still available at these incredibly low prices. Pay no attention to the crashing economy.

sdduuuude
15 years ago

Leave it to Rich to provide
Leave it to Rich to provide creative, never-before seen analysis techniques. Where else can you find a trend chart with 1 data point?

It reminds me of a Flintstones episode where the families are standing over a tiny stream with a sign saying “Grand Canyon” and Fred says something like “it isn’t much now, but they say it’ll really grow into something big.”

davelj
15 years ago
Reply to  sdduuuude

sdduuuude wrote:Leave it to
[quote=sdduuuude]Leave it to Rich to provide creative, never-before seen analysis techniques. Where else can you find a trend chart with 1 data point?

[/quote]

Where exactly is the “trend chart with 1 data point”? I think I missed it.

drboom
15 years ago

I really like the overall
I really like the overall contingent count. I wonder how many agents are updating them in a timely manner. F’rinstance: I went into escrow more than a week ago on a short sale and the listing agent hasn’t bothered to change it to pending yet.

Thanks, Rich!

sdrealtor
15 years ago
Reply to  drboom

Interesting. For months I
Interesting. For months I thought that short sales with offers on them already were about 1/3rd of the active inventory and there it is in blue and yellow (plus an allowance for the non-compliant agents). Wouldnt surprise me if it was 40%.

Huckleberry
15 years ago

“With rates down and prices
“With rates down and prices down finally, two years of pent up demand in the mid-to-high end market is manifesting in more transactions. This is having the effect of pushing up median prices.

The chart below shows how prices crumbled as sales volume increased in 2007/2008. In Jan/Feb 2008 values were only down 20% from the peak. As sales picked up and first timers and investors bought all the way down, values plummeted another 45%.

This is the exact dynamic we will see with the mid-to-high end market. Transactional volume will drop prices considerably but because of a relatively stable demand for low-priced foreclosure-related properties, the sales mix will have the effect of pushing up median and average house prices. However, because the Case-Shiller looks at pairs sales, as mid-to-high end transactions increase as a percentage of total sales it should have the effect of pushing down the index. Is anyone prepared for rising median and average prices and a plunge in the CS?”

http://www.fieldcheckgroup.com/2009/07/03/6-19-may-ca-housing-update-mid-to-high-end-capitulate/