patrick.net
An Antidote to Corporate Media
1,199,446 comments by 14,172 users - Ceffer, FortwayeAsFuckJoeBiden online now
Housing numbers in US Metros Are Looking Up (Finally!)
invite response
2012 Jun 20, 6:22am 4,811 views 12 comments
Comments 1 - 12 of 12 Search these comments
CrazyMan
2012 Jun 20, 7:00am
Not sure how increasing home prices is good for the economy nor society, shill. In our consumer based economy, it would be much more beneficial for people to have more spending money after housing expenses, not less.
I've dropped out of the housing market completely, there's just too many suckers willing to sacrifice their lives to pay off that overpriced shit box.
But hey, keep pumping your site. Maybe someday Movoto will be relevant and you'll make some money. Oh wait, that's not going to happen.
You can't keep home prices down forever! :)
Those are remarkable numbers regarding Las Vegas.. even though they are utterly false... but hey! greed in RE industry is blind.
More factual data isnt so optimistic...
http://www.dqnews.com/Articles/2012/News/Las-Vegas/RRCLNV120525.aspx
The median price paid for all new and resale houses and condos sold in the Las Vegas metro area in April was $119,900, up 4.3 percent from $115,000 the prior month and up 2.5 percent from $117,000 a year earlier. April was the third consecutive month to post a month-to-month gain in the median, and it was the first month since June 2010 in which the median rose year-over-year.
ust ban the shill.
As Captain Jack Sparrow said..
"Shoot him and cut out his tongue, then shoot his tongue!"
ArtimusMaxtor
2012 Jun 20, 10:58pm
That things so far off they use last years. Last 4 year data in those always. Don't call that chart youtube. Call it noobtube.
Hey Thomas,
Two problems with your comment:
1. That DQNews report is using April data. We are using June 19th data. DQNews is not a brokerage, so their data is delayed by a significant margin.
2. DQNews is using Median *Sold* Price. We are using Median *List* Price.
As a brokerage, our data is more accurate and more up to date than independent data from 3rd party aggregators.
2. DQNews is using Median *Sold* Price. We are using Median *List* Price.
Why aren't you using Sold price?
marcus
2012 Jun 21, 9:35am
The most recent case shiller data don't back you up.
You can't keep home prices down forever! :)
Hope you find it interesting! Interested in your insights or opinions as to why it took so long and what it means, moving forward.
Seems like you're trying too hard to reach a conclusion you wish to find.
**Is this just a seasonal uptick ?
**Will people pay those increased listing prices ?
**Is it possible that with listed invtory so low, some dreamers are coming out of the woodwork with fantasy prices ?
I guess we will have to just wait and see. I would think the best case scenario (for bulls (or bs artists)) is some kind of long term bottoming, rather than a return (any time soon) to a long term uptrend.
There are a couple of things that I don't know.LMAO
What happens when school's back in session?
How long can the shadow inventory be held off the market?
There will be a bottom & some will catch it.
Movoto did some digging this week and realized that housing prices are going up (finally!) in major metros which have had horrible inventory levels.
What was unusual about the stagnant prices was that the inventory levels were low, which usually means price gains, as you probably know. Well, it took a while, but it's happening now, and we charted which metro areas have seen low inventory/price gains since the beginning of 2012 in today's report: http://www.movoto.com/blog/market-trends/everyone-wants-to-buy-your-house-and-its-worth-more-than-a-year-ago/
You can't keep home prices down forever! :)
Hope you find it interesting! Interested in your insights or opinions as to why it took so long and what it means, moving forward.
Nick at Movoto
#housing