Market by market housing sales data

Parent Cafe
1

<p>Not so bad for about 75% of the country. Even with the massive amount of forced sales and lack of financing the total market in the US is just off around 10% from the peak. Most losses are really concentrated in a few states.</p>

<p><a href=“http://www.realtor.org/wps/wcm/connect/c5200d804bf84ae9beb7befda086cc0a/REL08Q3T.pdf?MOD=AJPERES&CACHEID=c5200d804bf84ae9beb7befda086cc0a[/url]”>http://www.realtor.org/wps/wcm/connect/c5200d804bf84ae9beb7befda086cc0a/REL08Q3T.pdf?MOD=AJPERES&CACHEID=c5200d804bf84ae9beb7befda086cc0a&lt;/a&gt;&lt;/p&gt;

2

<p>Good to hear that, barrons. Zillow says my house depreciated 30% in the last month alone :eek: Yeah, right. A fixer got sold a couple of blocks from us, and that’s what they used as a “comp”.</p>

3

<p>Everything is great, Barrons.</p>

4

<p>I think that one of the places next to us has defaulted on their loan. It’ been empty since summer with the windows open and no sign of power or heat. Tonight’s temperature? 16 degrees F.</p>

5

<p>I wonder if I can use the foreclosure sale down the street as a basis for fin aid forms in February? Probably not, but it sure would be nice.</p>

6

<p>If you were not too heavy in the market and not badly invested in RE it’s just fine. Also the FACT that many of the worst markets were in certain areas of a few states has been under-reported. For example the Countrywide site that lists 1000’s of foreclosures lists just two in Lynchburg–both in bad neighborhoods. </p>

<p>Sorry if the facts don’t fit your depression.</p>

7

<p>The media grossly distorts these figures simply by the way they report the numbers. When they come on and say ‘Housing down 10%’ and then next month say ‘Housing down 10%’ and then the next month say ‘Housing down 10%’ it makes it sound like each month values are dropping 10%. However, almost always they are talking about the value now vs. a year ago… NOT month to month drops.</p>

<p>Although the market has certainly seen better times, in many parts of the country it’s mainly just ‘cooled off’ and no crashed as it has elsewhere. It’s nice to look over those numbers to see that.</p>

8

<p>Most media members could not correctly calculate a % change if their lives depended on it.</p>

9

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<p>Well barrons, my husband was laid off due to a downturn in the economy. So, my facts don’t fit your optimism.</p>

10

<p>We live less than 18 miles outside of NYC in very mature even “old” town. Over the past year the number of home sales in our town has gone to almost zero.</p>

<p>There is not enough sufficient data to estimate the value of home prices where we live.</p>