Interesting article which predicts the prices will start falling when the baby boomers reach a certain age.
As baby boomers retire, home markets will hurt - USATODAY.com: "There are already more sellers than buyers in six states: Connecticut, New York (excluding Manhattan), North Dakota, Pennsylvania, West Virginia and Hawaii. The trend first hits areas with cold weather and traffic congestion, which tend to drive retirees away.
Boomers were 'an incoming tide for four decades. Now the tide's turned, and it's going to make it much harder for housing markets to rise,' said Dowell Myers, professor of policy, planning and development at the University of Southern California and co-author of the study. The trend has long been anticipated, but Myers is the first to analyze buying and selling, state by state."
San Diego Short Sales
Carlsbad housing prices
Saturday, November 28, 2009
Thursday, November 26, 2009
California Housing Market Turns Corner, Realtors Say (Update2) - Bloomberg.com
California Housing Market Turns Corner, Realtors Say (Update2) - Bloomberg.com: "Single-family home prices in California rose for the eighth consecutive month in October. The median cost of an existing, detached house gained 0.3 percent from the previous month to $297,500. Prices dropped about 3.2 percent from a year earlier, compared with annual declines of 7.3 percent in September and 17 percent in August.
“California has hit and passed the bottom of this real estate cycle,” Leslie Appleton-Young, vice president and chief economist of the Los Angeles-based Realtors group, said in a statement today."
Why is so easy for the press to find Realtor representatives willing to make fools of themselves. First we had the national association of Realtor economist embarrassing Realtors on the way down, now they are starting to make predictions about turning the corner.
Why not just say that market may be putting in a base right now. Whether the market recovers on there will depend in part on jobs and the availability of cheap money currently provided by the fed who is buying approximately 85% of the home loans being made.
short sale realtors and attorneys
carlsbad real estate
“California has hit and passed the bottom of this real estate cycle,” Leslie Appleton-Young, vice president and chief economist of the Los Angeles-based Realtors group, said in a statement today."
Why is so easy for the press to find Realtor representatives willing to make fools of themselves. First we had the national association of Realtor economist embarrassing Realtors on the way down, now they are starting to make predictions about turning the corner.
Why not just say that market may be putting in a base right now. Whether the market recovers on there will depend in part on jobs and the availability of cheap money currently provided by the fed who is buying approximately 85% of the home loans being made.
short sale realtors and attorneys
carlsbad real estate
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