I didn’t spot anything that seemed very meaningful in the October
data. In specific, both prices and month of inventory were
virtually unchanged. Therefore I offer the monthly roundup of
graphs without further comment:
I didn’t spot anything that seemed very meaningful in the October
data. In specific, both prices and month of inventory were
virtually unchanged. Therefore I offer the monthly roundup of
graphs without further comment:
Price levels are definitely
Price levels are definitely boring.
But, inventory seems to be approaching the levels we saw from March 2009-March 2010. The key is whether we will see a continued decline in inventory from Nov through January or not. If inventory stays flat through this period, I’d expect a relatively weak 2012. If inventory declines sharply, look for a decent rebound in 2012 prices.
I have no clue which way it will go, but this is what I am watching.
Inventory low? Nobody wants
Inventory low? Nobody wants to sell at the bottom.
Did someone just call a
Did someone just call a bottom here?
No, headed downward for quite
No, headed downward for quite some time.
sdrealtor wrote:Did someone
[quote=sdrealtor]Did someone just call a bottom here?[/quote]
If they did they were 2 years, 7 months, 10 hours and 47 minutes too late.
I did not call a bottom, but
I did not call a bottom, but I did call (and sell)the peak. btw, keep talking about the bottom if that makes you feel good about real estate.
desmond wrote:I did not call
[quote=desmond]I did not call a bottom, but I did call (and sell)the peak. btw, keep talking about the bottom if that makes you feel good about real estate.[/quote]
Dude, nobody cares about the bottom since it happened a couple years ago.
Interestingly, FSD, the Case
Interestingly, FSD, the Case Shiller index just hit a new inflation-adjusted low. (I hope to get some charts up today on that). So in real terms (which is what I think is the more important measure in terms of sizing up investment merit), we haven’t hit bottom yet, or if we did it just happened. But in nominal terms, so far anyway, the bottom was indeed a couple years ago (as you called in real time!).
Thread needs more
Thread needs more cowbell.
And zombie.
And shark.
Maybe local market is a zombie.
These graphs make me think so.
Interesting how the “rebound”
Interesting how the “rebound” occurred the same month that mark-to-market was suspended (March 2009).
urbanrealtor wrote:Thread
[quote=urbanrealtor]Thread needs more cowbell.
And zombie.
And shark.
[/quote]
Or, possibly a photo of some marginally interesting 70’s icon like Doug Henning, or maybe Starsky & Hutch..
starsky and hutch
[img_assist|nid=15569|title=starsky and hutch|desc=|link=node|align=left|width=322|height=156]