Comments on: Case Shiller January 200 Report Shows Declines in Housing Speeding Up http://www.therealestatebloggers.com/2009/03/31/case-shiller-january-200-report-shows-declines-in-housing-speeding-up/ Real Estate Blog, Mortgage, and Development News Fri, 19 Mar 2010 18:52:41 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Arizona agent http://www.therealestatebloggers.com/2009/03/31/case-shiller-january-200-report-shows-declines-in-housing-speeding-up/comment-page-1/#comment-365032 Arizona agent Sat, 04 Apr 2009 17:28:43 +0000 http://www.therealestatebloggers.com/2009/03/31/case-shiller-january-200-report-shows-declines-in-housing-speeding-up/#comment-365032 Not to be contrary, but here in my part of the residential market (Phoenix), things are actually looking up. An article here... http://www.azcentral.com/realestate/articles/2009/04/04/20090404housing0404.html ...will show you what I mean. Yes, home prices are down, but the price averages being reported by the gloom and doom media (a.k.a. 'fear merchants') is due to the massive purchase of REO and other distressed properties, most of which have been on the market for a very long time. Buyers know prices aren't going down any more, and they are jumping in to buy in droves. It is raining buyers here! Remember, this is what *has* to happen before normalcy can return to the real estate market. Also, the number of foreclosures is actually down here in the Phoenix area, and sales are up 70% from over one year ago. We led the way in the RE crash, and to my eyes, it looks like we are leading the way out of it. Not to be contrary, but here in my part of the residential market (Phoenix), things are actually looking up. An article here…

http://www.azcentral.com/realestate/articles/2009/04/04/20090404housing0404.html

…will show you what I mean. Yes, home prices are down, but the price averages being reported by the gloom and doom media (a.k.a. ‘fear merchants’) is due to the massive purchase of REO and other distressed properties, most of which have been on the market for a very long time. Buyers know prices aren’t going down any more, and they are jumping in to buy in droves. It is raining buyers here! Remember, this is what *has* to happen before normalcy can return to the real estate market. Also, the number of foreclosures is actually down here in the Phoenix area, and sales are up 70% from over one year ago.

We led the way in the RE crash, and to my eyes, it looks like we are leading the way out of it.

]]> By: RBarnes http://www.therealestatebloggers.com/2009/03/31/case-shiller-january-200-report-shows-declines-in-housing-speeding-up/comment-page-1/#comment-363600 RBarnes Tue, 31 Mar 2009 19:35:37 +0000 http://www.therealestatebloggers.com/2009/03/31/case-shiller-january-200-report-shows-declines-in-housing-speeding-up/#comment-363600 That's funny we're looking to buy in Washington DC and what we're finding is that the market here is very zipcode dependent. The farther out you go the more of a hit the market has taken. I wonder what they used to calculate Washington DC's numbers. Was it just the District of did they facotor in the greater metro area. That’s funny we’re looking to buy in Washington DC and what we’re finding is that the market here is very zipcode dependent. The farther out you go the more of a hit the market has taken. I wonder what they used to calculate Washington DC’s numbers. Was it just the District of did they facotor in the greater metro area.

]]> By: Brandon http://www.therealestatebloggers.com/2009/03/31/case-shiller-january-200-report-shows-declines-in-housing-speeding-up/comment-page-1/#comment-363595 Brandon Tue, 31 Mar 2009 18:52:39 +0000 http://www.therealestatebloggers.com/2009/03/31/case-shiller-january-200-report-shows-declines-in-housing-speeding-up/#comment-363595 At least I can take solace that my home real estate market of Washington DC is right in between the two composites (can you be any more average?). At least I can take solace that my home real estate market of Washington DC is right in between the two composites (can you be any more average?).

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