Skip to content
Notify of
Inline Feedbacks
View all comments
14 years ago

I suspect that the

I suspect that the year-over-year figures may start to look less dismal soon.

You are such an optimist.

14 years ago
Reply to  barnaby33

Unemployment does not really
Unemployment does not really have an effect on high end market, since all of owners almost have unlimited resources…..:-)

I would not be surprised if some bulls will come out and say this.

14 years ago

You got that
You got that wrong.
Unemployment has no effect on the housing market – 10.1% unemployment means 89.9% are employed, jumping from one bidding war to another.
There, fixed that for you.

14 years ago
Reply to  BGinRB

There is no doubt that there
There is no doubt that there is a lot of money out there on the sidelines,but just like the government getting paid through taxes all the rich people got their money from poor people. I think the only hope for the rich is to find other poor people(china) to sell their shit to,oops did I say that! I personally hope Citi and Bank of America would just disappear,Citi is pretty much pumping more money into the hands of the Arabs and Bank of America has been screwing people for as long as I can remember,aren’t they the ones that went above the 3% transfer fee first,as if 3% wasn’t already a ripoff.Ok maybe I should have posted this on Craigslist under rants.

14 years ago
Reply to  moneymaker

How does unemployment effect
How does unemployment effect the RE market?
Check out the good Dr.’s latest analysis:

14 years ago
Reply to  peterb

The hits just keep on
The hits just keep on coming:
Real Unemployment at 16.4%

“WASHINGTON – June 5 – The real unemployment rate released today by the Bureau of Labor Statistics is 16.4%, 7 points higher than the officially reported rate.”

“The real rate includes marginally attached workers which the BLS reports ‘are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not looking currently for a job. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule.'”

14 years ago
Reply to  Zeitgeist

“How does unemployment effect
“How does unemployment effect the RE market?”

Fewer New Households Formed in Recession

and fewer households being formed leads to what?

Apartment Vacancies Hit Record Highs


we are in a steep downward spiral – hoping for change and trying to spot green shoots isn’t going to change that

14 years ago
Reply to  4plexowner

I think any green shoots from
I think any green shoots from the spring April showers are now dying and choking from the heat of the California sun.