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Message
Case-Shiller: Home prices fall in January
Posted on 3/27/12 at 9:26 am
Posted on 3/27/12 at 9:26 am
Index records fifth straight decline; prices lowest in nine years [LINK]
There's some green shoots in that article though.
There's some green shoots in that article though.
2
Posted on 3/27/12 at 9:41 am to kfizzle85
quote:
The large number of foreclosed homes, combined with a high unemployment rate, has depressed the home market since a real-estate bubble burst in 2007. Many Americans, especially younger people, lack the financial means to buy a home despite ultra-low mortgage rates.
Is there a stat that relates home prices to median income, perhaps by percentile or demographic? As a young guy, home prices just seem too high. And we all know how the bubble was, did we actually hit the floor, or could it actually worsen in the next decade or so.
Posted on 3/27/12 at 9:41 am to kfizzle85
I saw were building permits jumped 5.1% from Jan 2011 to January 2012 (from 682,000 to 717,000). This is the first increase of this size since 2008.
Also, I've been looking at real estate stocks (from REIT's to home builders etc) and they have done very well since October with some having doubled in 3-4 months.
I think real estate is going to do very well over the next 5 years.
Also, I've been looking at real estate stocks (from REIT's to home builders etc) and they have done very well since October with some having doubled in 3-4 months.
I think real estate is going to do very well over the next 5 years.
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