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Realistbear

Its Getting Rough In The Us

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http://www.builderonline.com/industry-news...rticleID=242410

DON'T worry too much about the reports last week on the housing market in the Bay Area. The mixed signals can be deceptive.
December numbers by DataQuick Information Systems, a real estate information service,
showed a ninth consecutive month of slowing home sales
and a $16,000 month-to-month drop in median home value.
Also, median home prices dropped from a record $625,000 in November to $609,000 in December. Median means half the homes sell for more and half sell for less.

http://www.builderonline.com/industry-news...rticleID=242395

By Bruce Spence, The Record, Stockton, Calif.
Jan. 22--New-home sales in the fourth quarter of last year have sheared off so sharply from the year before in San Joaquin County that many home-builders have cut prices to try to lure buyers.
Patrick Picotin found out that Friday morning, when he stopped by the Syncon Homes sales office in Mossdale Landing, just a few houses away from the house he bought from the builder several months ago for $485,000.
He noted a price-reduced sign on a table top and asked how much his house was selling for now. About $50,000 less, he was told by a sales representative.
"Well, I've just lost $50,000 in four months," he said later. He snapped his fingers as he said: "$50,000 just like that!"

http://www.builderonline.com/industry-news...rticleID=242412

Foreclosures Double in Four Years
Source: Greensboro News Record
Publication date: 2006-01-22
By RICHARD M. BARRON
Home foreclosures have more than doubled in Guilford County during the past four years, a News & Record analysis shows.
The number of homes under foreclosure each month grew from 103 in January 2002 to 242 in December 2005, according to new data from Foreclosure.com.

The news from the US gets more bearish as 2006 progresses. The US and UK have always moved together with the only difference being how the crash is reported with less spin evident in the US.

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Will there be an HPC prize for the first member to spot in a media outlet, "Remember a house is for living in and shouldn't be thought of as an investment".

I can remember that sort of stuff in previous incarnations.

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Will there be an HPC prize for the first member to spot in a media outlet, "Remember a house is for living in and shouldn't be thought of as an investment".

I can remember that sort of stuff in previous incarnations.

ah yes, the old "a house is for nesting, not investing" quote.

looking forward to hearing that one again :lol:

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Will there be an HPC prize for the first member to spot in a media outlet, "Remember a house is for living in and shouldn't be thought of as an investment".

I can remember that sort of stuff in previous incarnations.

That'll be the time to buy a house. :lol:

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[

The news from the US gets more bearish as 2006 progresses. The US and UK have always moved together with the only difference being how the crash is reported with less spin evident in the US.

There always seems to be less spin in the US - perhaps because (IMHO) the average recipient of the US news doesn't really think deeply enough (ok, well actually he generally can't think at all) to require spin to cover the wheel tracks. I do have some very bright US friends who see through the rubbish they read in the newspapers but I think there are far fewer clever and worldly-wise cynics around there than in England.

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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