tag:blogger.com,1999:blog-3329419642567789295.post308404675530344960..comments2023-10-30T06:49:13.259-07:00Comments on Larry Roberts real estate writing blog: Prices to fall through 2011Larry Robertshttp://www.blogger.com/profile/07551274023310137270noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3329419642567789295.post-35804322379329282412009-07-24T01:20:38.532-07:002009-07-24T01:20:38.532-07:00Prices fall in 2011? May be Yes and may be No. Man...Prices fall in 2011? May be Yes and may be No. Many people are still not sure that today's economic slump will end up soon. Yet, it doesn't mean that there is no hope.Let's see. From <a href="http://www.stagingworks.ca/about.htm" rel="nofollow">Toronto Home Stager </a>stagingworks2009https://www.blogger.com/profile/06146976424235269608noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-86047545884352864902009-07-15T23:46:33.912-07:002009-07-15T23:46:33.912-07:00Darn it! It looks like we all missed the bottom!
...Darn it! It looks like we all missed the bottom!<br /><br />http://dqnews.com/Articles/2009/News/California/Southern-CA/RRSCA090715.aspx<br /><br />"La Jolla, CA---Southern California home sales rose in June to the highest level in 30 months as the number of deals above $500,000 continued to climb. June’s sales gain, plus another rise in the region’s median sale price, indicate buyers responded to price cuts on mid- to high-end homes and found it easier to secure financing for pricier abodes, a real estate information service reported."<br /><br />The KABC news apparently used this as the basis of the story they ran on this evening's newscast.Unknownhttps://www.blogger.com/profile/05575468223854702548noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-70935291470069692832009-07-10T12:23:01.775-07:002009-07-10T12:23:01.775-07:00It’s bad" that home prices will be lower in t...It’s bad" that home prices will be lower in two years. Reis director of research Victor Calanog said. “It’s decaying and getting worse.<br /><br /><a href="http://www.randygridley.com" rel="nofollow"> Boise real estate </a>adrinhttps://www.blogger.com/profile/11039651343521959546noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-65135611242808076962009-07-10T10:50:52.152-07:002009-07-10T10:50:52.152-07:00Okay,
So I have been following this blog for a w...Okay, <br /><br />So I have been following this blog for a while now and came on here to relieve some anger. My husband and I have been in the market searching for a home since I was 21 now three years later we are still looking. I work as an accountant full time, but have my real estate license and believe me the only help it has given me is for my property information. For a while now we were looking in Eastvale area then decided to go for an older home just on the other side of the 15 with more property. Anyway, I remember a property that had been listed back in november of 2008 in eastvale (2,900sqft) at $279K I remember contacting them and they had multiple offers high offers.Keep in mind the bank had foreclosed on it and I verified it with the county recorder. Now the listing said it was closed by the listing agent for $245k ALL CASH. But as some of you may know the access we have to the MLS is different than the general public, when I want to see tax/loan info on a property I can by simply clicking on a button and it is all there. So in fact this home was bought using an FHA loan and not ALL CASH. The new owner of the home later added to the title a person with the same last name as the person who was foreclosed on. Please tell me I'm not crazy and that this WHOLE DEAL was corrupt!!. The biggest problem I ma having is that the MLS is supposed to record this property as a "bank sale" meaning when I search for comparable properties this home should come up as one of those but it does not. Foreclosed homes that have been bought are flagged with "bank sale". This one is not.Yet since much of the general public is unaware of the these things comparable properties in that area are still going for about $290k and up. IT just really upsets me how many corrupt Realtors there are. There are several times we have been outbid by ALL CASH buyers only to find out that they also were FHA buyers. Ahhh!! I've lost faithRosArthttps://www.blogger.com/profile/03264147400264077699noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-74027245440531932932009-07-09T17:47:51.593-07:002009-07-09T17:47:51.593-07:00Your friend is obviously a broken clock. Someday h...Your friend is obviously a broken clock. Someday he'll be right but he always says the same thing and it means *nothing*. Don't worry about him.<br /><br />Prices in the outlying areas *might* have bottomed. *Might*. But even if so they won't go up for a long time. <br /><br />There is a demographic exhaustion coming as the supply of houses will remain high but the supply of buyers will drop as bubble buyers have their assets exhausted and their credit ruined.FairEconomisthttps://www.blogger.com/profile/00141451224730993567noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-35327968661992357392009-07-09T17:18:10.907-07:002009-07-09T17:18:10.907-07:00And even with all this "frenzy" the sale...And even with all this "frenzy" the sales numbers are still far below an average year. They sure look great compared to last year, but that was the worst year in decades.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-1385338915631104622009-07-09T16:02:40.679-07:002009-07-09T16:02:40.679-07:00Also be aware that for various reasons the supply ...Also be aware that for various reasons the supply of homes is artificially low at the moment (foreclosure moritoria, banks holding onto properties for some reason, etc. etc.). This artificial shortage combined with the usual increase in sales during the spring and summer months is part of the reason there are now bidding wars. Just wait a few weeks or months and I'd be willing to bet that things look a lot different.Unknownhttps://www.blogger.com/profile/05575468223854702548noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-46105038401026387222009-07-09T12:07:30.511-07:002009-07-09T12:07:30.511-07:00Listing agents are purposely low-balling the listi...Listing agents are purposely low-balling the listing price to gain interest in their property. It gets the attention of the bargain hunters and deludes themselves in that the market is getting better.<br /><br />The reality is that it sold at market price, and getting it sold above the artificial low listing price is akin to winning the preschool edition of Trivia Pursuit.Narfhttps://www.blogger.com/profile/10774103308723974666noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-19023588235809196862009-07-09T07:25:19.323-07:002009-07-09T07:25:19.323-07:00As one economist put it:
"The is the mother ...As one economist put it:<br /><br />"The is the mother of all headfakes"<br /><br />In other words, be patient, it will start crashing down again and no one will want to buy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-23681026407237798482009-07-09T00:15:54.436-07:002009-07-09T00:15:54.436-07:00ok can anyone help me out here ! i have a friend ...ok can anyone help me out here ! i have a friend ( real estate agent) who says that real estate market has turned and going forward now! he's been saying this since 05 when housing started to collapse while i was say the oposite ! he's been blinded from the start ! well now in some areas of socal , moreno valley area in particular ,the cheap homes are getting multiple offers . i continue to tell him this isnt over yet and it looks to be a false bottom and not be fooled ! so today he responds with this {Hi guys,<br />just to let you know i made 14 offers for one couple and they havent won an offer yet. They even went $30,000 over on one of the offers !!! } this is his way of telling me im wrong ! we had a heated discussion about the market recently! he said i was to negative and i dont know what im talking about !that prices will not fall anymore and things will improve from here on out ! does anyone here have a good idea or way i can respond back to him regarding multiple offers and price increase just temporary and wont last ! im not very good at writing this type of info out in a short but firm way ! any help would be appreciated ! thankyou :)Anonymousnoreply@blogger.com