Housing bounce

#2
#2
Yee Haw......up 3.4% over the horrible numbers BHO gave us last year......kind of like his unemployment numbers......."they suck, but they do not suck as bad as they did last year".....yee haw!
 
#3
#3
Realtors in this area indicate that most of they buying activity is from first time buyers and investors. Looks more like a dead cat bounce than anything of substance.
 
#5
#5
KentheOrange said:
Realtors in this area indicate that most of they buying activity is from first time buyers and investors. Looks more like a dead cat bounce than anything of substance.
Click to expand...


And isn't it you guys who claim that the investors should be trusted to make everything right? If investors think we've hit bottom and are jumping back in, I'd suggest leading indicator.
 
#7
#7
lawgator1 said:
And isn't it you guys who claim that the investors should be trusted to make everything right? If investors think we've hit bottom and are jumping back in, I'd suggest leading indicator.
Click to expand...

they ARE making things right>>>>for THEM......the claim that home sales are back as we enter the three biggest sales months is like taking credit for the hiring during the holidays
 
#8
#8
Heard this last week. Two very successful realtors in the D.C. area were happy and worried at the same time. Happy because things were moving again, worried because the banks were offering all the same crap loans that contributed to the collapse in the first place. Interest only, nothing down, no proof of income etc. Here we go again.
 
#9
#9
YorkVol said:
Heard this last week. Two very successful realtors in the D.C. area were happy and worried at the same time. Happy because things were moving again, worried because the banks were offering all the same crap loans that contributed to the collapse in the first place. Interest only, nothing down, no proof of income etc. Here we go again.
Click to expand...


Why not? They know the taxpayers (via the government) will be there to bail them out if it hits the fan again.
 
#13
#13
Robert Shiller is calling for another 20% to the downside in housing.

Its still a 100% disaster in the ATL area, unless you live in the Walton School district
 
#14
#14
VolsNSkinsFan said:
Robert Shiller is calling for another 20% to the downside in housing.

Its still a 100% disaster in the ATL area, unless you live in the Walton School district
Click to expand...

I live in there but send kids to private......want to buy a my house :)
 
#15
#15
Yea I do, but I have to 1st sell my Ranch in the Vinings. We have accepted two low ball offers but the 1st time homebuyers we are dealing with walked over petty crap. We are well below 2003 prices and into the late 90s values.

its really frustrating dealing with crappy RE agents and their stupid clients
 
#16
#16
VolsNSkinsFan said:
Yea I do, but I have to 1st sell my Ranch in the Vinings. We have accepted two low ball offers but the 1st time homebuyers we are dealing with walked over petty crap. We are well below 2003 prices and into the late 90s values.

its really frustrating dealing with crappy RE agents and their stupid clients
Click to expand...

seems like most of the "rif raf" agents would not have survived.....sorry to hear about your issues....we have considered putting our on the matket to move closer to the kids school, they have a 45 minute drive each way
 
#19
#19
90% of the home inspections I have done in the last 3 years are bank repos bought by investors.
 
#20
#20
Bounce is not the word I'd use to describe the slight uptick in the market.
Posted via VolNation Mobile
 
#22
#22
VolsNSkinsFan said:
Yea I do, but I have to 1st sell my Ranch in the Vinings. We have accepted two low ball offers but the 1st time homebuyers we are dealing with walked over petty crap. We are well below 2003 prices and into the late 90s values.

its really frustrating dealing with crappy RE agents and their stupid clients
Click to expand...

Obviously don't know the details of the situation, but doing whatever you can to finagle a better deal in a down market... while it may be frustrating... certainly isn't stupid.
 
#24
#24
At the risk of minimizing my own op, I am sure some part of the optimistic reaction to these numbers by industry folks is a desire to suggest to fence-sitters that the bottom is behind us and they better get in now.

Can't say it's a bad strategy.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top