Comments on: Case Shiller Report For May 2009 – Real Estate Looking Better http://www.therealestatebloggers.com/2009/07/29/case-shiller-report-for-may-2009-real-estate-looking-better/ Real Estate Blog, Mortgage, and Development News Tue, 16 Mar 2010 17:06:33 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Brandon Green http://www.therealestatebloggers.com/2009/07/29/case-shiller-report-for-may-2009-real-estate-looking-better/comment-page-1/#comment-398335 Brandon Green Fri, 31 Jul 2009 20:48:53 +0000 http://www.therealestatebloggers.com/2009/07/29/case-shiller-report-for-may-2009-real-estate-looking-better/#comment-398335 I'm happy for any good news these days. I’m happy for any good news these days.

]]> By: Clairemont real estate agent http://www.therealestatebloggers.com/2009/07/29/case-shiller-report-for-may-2009-real-estate-looking-better/comment-page-1/#comment-398334 Clairemont real estate agent Fri, 31 Jul 2009 20:46:48 +0000 http://www.therealestatebloggers.com/2009/07/29/case-shiller-report-for-may-2009-real-estate-looking-better/#comment-398334 It's great that the numbers are coming up. It's been tough hearing people think we aren't going to jump back, but at least it's coming soon! It’s great that the numbers are coming up. It’s been tough hearing people think we aren’t going to jump back, but at least it’s coming soon!

]]> By: M. Anthony Carr http://www.therealestatebloggers.com/2009/07/29/case-shiller-report-for-may-2009-real-estate-looking-better/comment-page-1/#comment-398154 M. Anthony Carr Fri, 31 Jul 2009 01:34:50 +0000 http://www.therealestatebloggers.com/2009/07/29/case-shiller-report-for-may-2009-real-estate-looking-better/#comment-398154 This is just the beginning! This next recovery is going to be huge. This is just the beginning! This next recovery is going to be huge.

]]> By: Kenneth G. Smith II http://www.therealestatebloggers.com/2009/07/29/case-shiller-report-for-may-2009-real-estate-looking-better/comment-page-1/#comment-397830 Kenneth G. Smith II Wed, 29 Jul 2009 17:55:39 +0000 http://www.therealestatebloggers.com/2009/07/29/case-shiller-report-for-may-2009-real-estate-looking-better/#comment-397830 Great news or just a seasonal factor coming to play? Residential sales activity is returning to the levels of the seasonal sales market. No one should be surprised that new homes sales have increased with the incentives of the $8,000 new home buyer program and interest rates below 5.5%. But hold on, seasonal sales activity should be up. The peak months for sales will be June, July and August. So for the next several months we should continue to see a recovery in activity. The key benchmark for recovery is the median sales price, which is still down. Once the excess building supply and foreclosure activity (Housing In Crisis , Mortgage Assistance Program) abates, this number should correct itself to higher levels of $220,000 to $225,000. This will not occur until the summer selling season of 2010. So yes, great news, but the real recovery is still a year off. Great news or just a seasonal factor coming to play? Residential sales activity is returning to the levels of the seasonal sales market. No one should be surprised that new homes sales have increased with the incentives of the $8,000 new home buyer program and interest rates below 5.5%.

But hold on, seasonal sales activity should be up. The peak months for sales will be June, July and August. So for the next several months we should continue to see a recovery in activity. The key benchmark for recovery is the median sales price, which is still down. Once the excess building supply and foreclosure activity (Housing In Crisis , Mortgage Assistance Program) abates, this number should correct itself to higher levels of $220,000 to $225,000. This will not occur until the summer selling season of 2010.

So yes, great news, but the real recovery is still a year off.

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