The Compleat Data Rodeo will be up shortly, but in the meantime, I’ve written a post at voiceofsandiego.org about the fact that the size-adjusted median actually increased last month for the first time since May 2007:
The Compleat Data Rodeo will be up shortly, but in the meantime, I’ve written a post at voiceofsandiego.org about the fact that the size-adjusted median actually increased last month for the first time since May 2007:
Spring rally is here. It
Spring rally is here. It seems sdr is the best predictor on this site.
Quick, run out and buy a
Quick, run out and buy a house while the prices are rising.
So I’m not sure I follow or
So I’m not sure I follow or understand. If a high-end home reduces b/c it’s been on the market for a while and not selling, once it lowers it a certain amount, wouldn’t it then fall into the median priced range, thus bringing up the prices of the median? Maybe I’m confused here.
jpinpb wrote:So I’m not sure
[quote=jpinpb]So I’m not sure I follow or understand. If a high-end home reduces b/c it’s been on the market for a while and not selling, once it lowers it a certain amount, wouldn’t it then fall into the median priced range, thus bringing up the prices of the median? Maybe I’m confused here. [/quote]
There’s no range… there is one single home sale that is the median (the very middle value of the ordered list).
If high priced homes fell and more of them sold as a result, there would be more “higher than last month’s median” sales, and the median would go up. But the cause of this is more high priced homes selling (which in turn might be spurred by price reductions on the high end — but those reductions don’t directly impact the median, but only inasmuch as they cause more high end sales).
Rich
peterb wrote:Quick, run out
[quote=peterb]Quick, run out and buy a house while the prices are rising.[/quote]
Yes, I expect we are going to see a lot of that type of analysis (except not sarcastic like Peter).
Rich
Let’s say shadow inventory
Let’s say shadow inventory does start to flood the market, what will the next tricks to try to keep the floor in be? Will they work?
How long can they keep shadow
How long can they keep shadow inventory?
What’s that light?
Sooner or later, they are going to unleash the houses to the market. Stand by whenever they do.
Isnt it nice how the govt
Isnt it nice how the govt sets up its populace for further fleecing? How many people will be suckered into this with their hard-earned and saved, down payments?
So we’ve got a normal
So we’ve got a normal seasonal adjustment, reduced supply, a shift to higher end home sales that may be skewing the median …or prices have actually gone up. I look forward to what Case Shiller produces.
The more things change the
The more things change the more they stay the same;)
My sister in law just got an
My sister in law just got an 80k write down from Wells Fargo. I am happy for her, but I have this nagging feeling that we are all going to get screwed for doing the right thing (i.e., not buying saving, being responsible). The banks will write down alot of mortgages, the new administration will introduce us to hyperinflation, and wa-la!
I often wonder if I should have bought a place in 2005, pulled imaginary equity to get a nice car, and then stopped making payments. I haven’t run the numbers, but I might be better off than renting and driving a 10 year old truck.
my coworker has a friend in
my coworker has a friend in AZ that wanted an adjustment, so he stopped paying his loans and pulled the payment out of his checking and put it in a shoebox every month, when the bank called him 5 months later he said he needed an adjustment
I couldn’t get details on what they did, but he got one, now my coworker is thinking of doing the same thing…
trex wrote:
I often wonder if
[quote=trex]
I often wonder if I should have bought a place in 2005, pulled imaginary equity to get a nice car, and then stopped making payments. I haven’t run the numbers, but I might be better off than renting and driving a 10 year old truck.[/quote]
I often have the same thoughts. How is it that I get screwed for being responsible?
I can’t but hope that the universe will somehow straighten it all out. Otherwise, the slippery slope just goes completely vertical.