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Getbig Main Boards => Politics and Political Issues Board => Topic started by: 240 is Back on March 25, 2008, 06:11:30 AM

Title: Key index shows U.S. home prices fell by record 11.4% in January versus last yea
Post by: 240 is Back on March 25, 2008, 06:11:30 AM

Economy is doing great, folks.   Solid underpinnings, right Sen McCain?  ;)

Title: Re: Key index shows U.S. home prices fell by record 11.4% in January versus last yea
Post by: shootfighter1 on March 25, 2008, 06:18:17 AM

I just heard on the morning radio (general FM station) that home sales finally rose (nearly 20%) from January to February which was greater than predicted and the market analysts predict there will be continued improvement in the spring season.
Prices have fallen but finally there is a bit of improvement in sales.

Title: Re: Key index shows U.S. home prices fell by record 11.4% in January versus last yea
Post by: 240 is Back on March 25, 2008, 06:23:54 AM

lol... anytime you reduce the price of a required item by 11%, sales are going to go up.

Sucks for anyone selling.

Title: Re: Key index shows U.S. home prices fell by record 11.4% in January versus last yea
Post by: Hugo Chavez on March 25, 2008, 06:25:52 AM

Quote from: 240 is Back on March 25, 2008, 06:11:30 AM

Economy is doing great, folks.   Solid underpinnings, right Sen McCain?  ;)

I kid you not, CNN just touted this as a good sign...  ::)

Title: Re: Key index shows U.S. home prices fell by record 11.4% in January versus last yea
Post by: shootfighter1 on March 25, 2008, 06:29:29 AM

The house next to mine has been on the market for 1 full year.  Granted they were asking too much in the beginning but it has come down and still on the market!
I think we were in a real estate cycle that was unusually good for the last 5-10yrs, I don't know if we will see that yearly growth again.  Hoping the analysts are right and sales continue to increase, which will eventually help prices again.

Title: Re: Key index shows U.S. home prices fell by record 11.4% in January versus last yea
Post by: 240 is Back on March 25, 2008, 06:30:45 AM

Quote from: shootfighter1 on March 25, 2008, 06:29:29 AM

The house next to mine has been on the market for 1 full year.  Granted they were asking too much in the beginning but it has come down and still on the market!
I think we were in a real estate cycle that was extremely good for the last 5-10yrs, I don't know if we will see that yearly growth again.  Hoping the analysts are right and sales continue to increase, which will eventually help prices again.

there are probably 20 homes on my street.   Not a bad area, most homes are 250 to 350k.

8 are for sale.  2 are in foreclosure.

Nothing is selling in SW Florida.