I dont think the housing market is really getting better. Do you????

I dont think the housing market is really getting better. Do you????

  • Yes

    Votes: 11 12.5%

  • No

    Votes: 65 73.9%

  • WTF

    Votes: 12 13.6%
  • Total voters
    88
Quote from jucesar2005:

I dont think the housing market is really getting better. Do you????
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I agree with you.

Large sections of California, Florida, Nevada, and Arizona are in freefall.

The NorthEast is finally starting to pick up steam on the downside. Wall St and the financial sector layoffs are adding fuel to the fire.

The paltry drop in mortgage rates despite many rate cuts isn't materially helping anyone.

Inventories are at multi-decade highs.

RE is going lower.
 
Detroit-metro had a 5-20% correction on avg but now is pretty stable. My house has actually gone up in value(according to comps) over the past 3 months.



Regards,
 
Quote from jucesar2005:

I dont think the housing market is really getting better. Do you????
More...

You are wrong.

Housing is getting better day by day because it becomes AFFORDABLE.
 
Quote from ElCubano:

not here in Miami thats for sure...I dont care what anyone says..
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You guys have too many foolish condo developers. Not true for many other areas of the country, especially the midwest.
 
Quote from balda:

You are wrong.

Housing is getting better day by day because it becomes AFFORDABLE.
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id say afordable is another 40-50% in my area...where houses went up 4 fold since i bought in 2000... sorry but somehow i just dont see this thing being ova anytime soon.
 
Quote from krazykarl:

You guys have too many foolish condo developers. Not true for many other areas of the country, especially the midwest.
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That's because nobody moves to the midwest. They move to the coasts.
 
Quote from krazykarl:

You guys have too many foolish condo developers. Not true for many other areas of the country, especially the midwest.
More...

I am not arguing that....but here alone in Miami we gots lots more pain to go...and by the size of these mo-fo's they will end up causing some pain....there is alot of money being lost in real estate value and a huge amount of condos and homes down here...thats going to end up in someone's book sooner or later...peace
 
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