tag:blogger.com,1999:blog-5936637281134795592.post3978395289550433740..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Are plunging real estate sales about to bypass the lows of 2008/2009?Unknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5936637281134795592.post-8970113727961805222012-07-24T21:40:54.489-07:002012-07-24T21:40:54.489-07:00It will flat line for awhile. People hate loss and...It will flat line for awhile. People hate loss and they just wont sell. They will just grind it out. Until you see some serious job loss no major price correction. It will be a slow bleed for an asset that has been oversold and a glut of product out there. Give it a month or two a projects that are being marketed now will be pulled.<br />I predict by Sept 2012 you will see your listing tally head in reverse as people will pull there stale listing off of the market. And just sit it out for awhile.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-10015591340635457542012-07-24T16:04:17.766-07:002012-07-24T16:04:17.766-07:00yup , and to add,
If the drought in the US get...yup , and to add,<br /><br /> If the drought in the US gets any worse watch food prices really spike and discretionary spending pull back.Anonymoushttps://www.blogger.com/profile/12109140436878091821noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-61435193163577552982012-07-24T11:49:05.009-07:002012-07-24T11:49:05.009-07:00@JR
Yup, slowdown = job losses = forced homesales...@JR<br /><br />Yup, slowdown = job losses = forced homesales = continued downward market pricing trend.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-34380746343468526862012-07-24T11:28:10.604-07:002012-07-24T11:28:10.604-07:00I'm starting to think the more important numbe...I'm starting to think the more important number here are not inventory levels but indicators of an upcoming recession/depression (or really a worsening of the current one, depending on who you ask). 10 Year bonds for Spain and Italy are going through the roof. Spain is appearing to need a national bailout, and Italy is too big to save if it needs one. Meanwhile the US 10 Year (and Canada) is down further (great if you own REITs).<br /><br />When bonds are at Spain levels it means investors want a sizable return because of risk of default. When bonds are low like they are in the US it means investors believe there will be a prolonged recession but the investment is safe. Investors aren't worried about a "fiscal cliff"<br /><br />The severity of the real estate correction will likely be driven by the above numbers along with the price of oil, which with the exception of a conflict of Iran, can only go down as things worsen.JRnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-41056991704956583562012-07-24T02:16:40.385-07:002012-07-24T02:16:40.385-07:00It would be interesting to know how the averge dai...It would be interesting to know how the averge daily expired listings is trending compared to historical Norms. I see days like today where expired listings far outpace sales and it makes me wonder what the size of the "shadow" inventory is of homes sitting on the sidelines until prices rebound (or panic sets in)Anonymousnoreply@blogger.com