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Wednesday, January 20, 1982

01.20.2007 - Weekend Open Thread

This is your open thread for the weekend of January 20-21, 2007. Please post random links and off-topic discussions here.

9 comments:

Crashcadia said...

Did anyone watch 20/20 last night?
It was about consumer debt.
When this gets reported you know that things are changing.

Liquidity is being pulled out of the market.

1)Loans will be harder to get via higher interest rates and tighter standards.

2)Consumer is tapped out with too much debt and record home ownership levels.

3)Inventory will be at record levels with flipped homes hitting the market and builders, building all the way down.

It’s a housing hat trick.

SeattleMoose said...

This house is the poster boy for the “hot” Seattle Market. It started out at $499K (fishing expedition), then $479K (let them eat cake), now $429K (that @#@# RE agent is worthless!).

Still a long ways to go for that property.

The tip of the iceberg has been spotted.....

SeattleMoose said...

Inventory bottomed out over the holidays and is now headed back up. The following data is from the Glover RE site and is intended only to show trends. The % indicates change since when I started keeping the stats which was 5/7/2006.

Date / Listings / Delta / %
07-May / 7302 / /
15-May / 7486 / 184 / 3%
21-May / 7665 / 179 / 5%
11-Jun / 8099 / 434 / 11%
18-Jun / 8154 / 55 / 12%
24-Jun / 8352 / 198 / 14%
01-Jul / 8417 / 65 / 15%
08-Jul / 8758 / 341 / 20%
15-Jul / 9057 / 299 / 24%
22-Jul / 9139 / 82 / 25%
29-Jul / 9044 / -95 / 24%
05-Aug / 9059 / 15 / 24%
12-Aug / 9191 / 132 / 26%
19-Aug / 9348 / 157 / 28%
26-Aug / 9442 / 94 / 29%
02-Sep / 9363 / -79 / 28%
09-Sep / 9597 / 234 / 31%
16-Sep / 9959 / 362 / 36%
21-Sep / 10121 / 162 / 39%
28-Sep / 10639 / 518 / 46%
05-Oct / 10434 / -205 / 43%
14-Oct / 10428 / -6 / 43%
21-Oct / 10446 / 18 / 43%
28-Oct / 10374 / -72 / 42%
04-Nov / 10496 / 122 / 44%
11-Nov / 9987 / -509 / 37%
18-Nov / 9706 / -281 / 33%
25-Nov / 9550 / -156 / 31%
02-Dec / 9132 / -418 / 25%
09-Dec / 8890 / -242 / 22%
16-Dec / 8590 / -300 / 16%
23-Dec / 8075 / -425 / 11%
30-Dec / 7534 / -541 / 3%
06-Jan / 7493 / -41 / 3%
13-Jan / 7763 / 270 / 6%
20-Jan / 7926 / 163 / 9%

synthetik said...
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synthetik said...
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vfsv said...

Silicon Valley RE prices are also under pressure. December was solidly down, lowering the YTD to only +$5K.

The details are updated here:
http://www.viewfromsiliconvalley.com/id298.html

Thanks!

SLTO said...

if anybody didn't catch it on 20/20

the couple also lost money on a few real estate deals that went sour...

another investor fb

T,V & Mr.B said...
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T,V & Mr.B said...

Well Faux news analyst reported existing homes rise, as all news chanels have by now. Anti bubblers will yell hallaleua. Faux news says bubble wisperers are preposterous.
Prognosticaotors begin your battle. My wife is getting pretty bummed right about now. I told her that Year over Year is still down and there probably would be a bounce anyway. Hope I am right. I want a yard to practice my golf in.