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Housing market may not recover until 2017

By tovarichpeter   Follow   Sun, 7 Oct 2012, 10:30am   2,036 views   14 comments
In South San Francisco CA 94080   Watch (0)   Share   Quote   Permalink   Like (2)   Dislike  

http://lansner.ocregister.com/2012/10/07/market-may-not-recover-until-2017/166869/

Leslie Appleton-Young, chief economist for the California Association of Realtors, recently issued her 2013 housing market forecast predicting that both home prices and sales will see modest increases next year.

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1. IDDQD Follow Befriend 22 threads 409 comments

   1   12:52pm Sun 7 Oct 2012   Share   Quote   Permalink   Like   Dislike   "When you look at the price trend line, you can see as you look at (the prices for) 2003, ’04, ’O5, how far above trend we were, and now we are below trend and working back up to the trend." We are below trend in CA? Since when?

2. Raw Follow Befriend 10 threads 694 comments

   2   1:15pm Sun 7 Oct 2012   Share   Quote   Permalink   Like   Dislike (2)   Darrell In Phoenix says tovarichpeter says Leslie Appleton-Young, chief economist for the California Association of Realtors What a corrupt person and corrupt organization. Imagine that...claiming a recovery won't take place until 2017, when we are already in a recovery. What a bimbo.

3. 37108605 Follow Befriend 1 threads 1,055 comments

   3   4:24am Mon 8 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   I consider the source of the information.

4. 37108605 Follow Befriend 1 threads 1,055 comments

   4   4:25am Mon 8 Oct 2012   Share   Quote   Permalink   Like (2)   Dislike (1)   Raw says Darrell In Phoenix says tovarichpeter says Leslie Appleton-Young, chief economist for the California Association of Realtors What a corrupt person and corrupt organization. Imagine that...claiming a recovery won't take place until 2017, when we are already in a recovery. What a bimbo. I guess this recover is the same kind of recovery as the recent job market numbers? GET REAL who do you think you are talking to?

5. 37108605 Follow Befriend 1 threads 1,055 comments

   5   5:14am Mon 8 Oct 2012   Share   Quote   Permalink   Like   Dislike (1)   I have a better anology that in my view is a mirror of the entire past ten years of real estate. It is NASDAQ:FB

6. pkennedy Follow Befriend (8) 28 threads 1,339 comments Redwood City, CA

   6   9:39am Mon 8 Oct 2012   Share   Quote   Permalink   Like   Dislike   40% decline in prices, 4 years to recover. That is about 8% a year compounded. Sounds about right. A short sale going from 151 days to 90 days? That is massive. Considering how long the bank takes to reply, that basically means whatever price is being submitted to them, they are accepting, or countering and instantly being accepted on. 90 days is a super stream lined short selling process.

7. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

   7   10:34am Mon 8 Oct 2012   Share   Quote   Permalink   Like   Dislike   Define recovery...please.

8. pazuzu Follow Befriend 6 threads 198 comments

   8   12:23pm Mon 8 Oct 2012   Share   Quote   Permalink   Like (2)   Dislike   Raw: "Imagine that...claiming a recovery won't take place until 2017, when we are already in a recovery. What a bimbo." Correction: "Imagine that, claiming a recovery wont take place until 2017, when this dead cat bounce is almost played out and we enter an age of economic contraction in which house prices will grind lower for the rest of our lives. What an optimist." There, fixed it for you fruit head.

9. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

   9   3:06pm Tue 9 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   Billybigrig says bubblesitter says Define recovery...please. DO YOUR MATH In real terms,Massive credit expansion ...LMAO Ah. I get it. You mean return of no doc loans?

10. Raw Follow Befriend 10 threads 694 comments

    10   4:27pm Tue 9 Oct 2012   Share   Quote   Permalink   Like   Dislike   pazuzu says Raw: "Imagine that...claiming a recovery won't take place until 2017, when we are already in a recovery. What a bimbo." Correction: "Imagine that, claiming a recovery wont take place until 2017, when this dead cat bounce is almost played out and we enter an age of economic contraction in which house prices will grind lower for the rest of our lives. What an optimist." There, fixed it for you fruit head. What dead cat bounce? Record low interest rate. Super low home prices Economy on the mend People desperate to find homes. And you guys think this is a dead cat bounce? If you believe that, I have a bridge to sell you.

11. Raw Follow Befriend 10 threads 694 comments

    11   5:04pm Tue 9 Oct 2012   Share   Quote   Permalink   Like   Dislike   War says Why buy a house now? Interest rates are falling Housing prices are still at the inflated levels of 2004 and falling Housing is dragging down the economy due to stagnant sales We have 25 MILLION excess empty houses And you think prices are low? If you believe that, you're going to be stunned over the coming years and decades. Great, the bridge I have for sale is called the "Brooklyn Bridge" You can have it for $10,000. I will finance it with no down, 2% interest, $50.00 per month payment. Bad credit..no problem. Unemployed...no problem. In prison...no problem.

12. Raw Follow Befriend 10 threads 694 comments

    12   5:08pm Tue 9 Oct 2012   Share   Quote   Permalink   Like   Dislike   War says Raw says Great, the bridge I have for sale is called the "Brooklyn Bridge" You can have it for $10,000. I will finance it with no down, 2% interest, $50.00 per month payment. Bad credit..no problem. Unemployed...no problem. In prison...no problem. I'd be a billionare if I had a dollar for every one of your lies and misrepresentations. Prices are skyrocketing Take a look. See for yourself. http://lansner.ocregister.com/tag/mood-ring/

13. Raw Follow Befriend 10 threads 694 comments

    13   5:14pm Tue 9 Oct 2012   Share   Quote   Permalink   Like   Dislike   LOL. If I got a dollar for every chart you invented, I would be the world's first trillionaire.

14. Raw Follow Befriend 10 threads 694 comments

    14   5:21pm Tue 9 Oct 2012   Share   Quote   Permalink   Like   Dislike   War says But the reality is you have nothing but an massively inflated payment on a rapidly depreciating house... Hang on to your hat cowboy because you're in for a long ride down. Five years from now when the average home in America doubles in value you will be kicking yourself, and you will say "I should have listened to that guy who loves apples. What was I thinking?"