Posted on 11/21/2006 8:22:18 AM PST by roaddog727
NEW YORK - The worst of the United States’ housing market slowdown is over, economists forecast by nearly 2-to-1 in a Wall Street Journal online economic survey, the paper reported on its Web site on Tuesday.
But the economists still predict that the average selling price of a house will fall somewhat next year, it said.
(Excerpt) Read more at msnbc.msn.com ...
As always, have at it.
NOOOOoooooooo!!!!!!11
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
"Encouraging news from the hosing market front."
Freudian slip?
al-Reuters figured that out by looking at the election results. If the Republicans had won the headline would be "The worst housing market slowdown of the United States expected to continue indefinitely"
Heh. No comment......
:-)
Doh!
Spellchecker is my friend.....
But OTOH........
So far, I haven't been hosed - but.......
"Now that the Dems are gone, it's amazing just how fast the hosing housing bubble will shrink......."
Yep. That and the Economy is just BOOMING.....
such crap.
Now that the Dems are in charge the MSM will do stories about how the drop in housing prices means more affordable homes for low income and minority families.
Very funny.
"Now that the Dems are in charge the MSM will do stories about how the drop in housing prices means more affordable homes for low income and minority families."
Not in So. Calif. where a small lot costs upwards of $250k and the up front fees before plancheck and permit fees are $40k and up, the lowest priced minimal shack will be well over $300k.
So, prices _have_ come down!
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
Stocks have reached a permanently high plateau, according to a poll of investors. Poll date: September, 1929.
And a rebound will begin late 08.
MSM changing their tune after Dem victory. Before, it was about the Housing Bubble. Now everything is fine. Do you wonder where the Bubble went??
"Stocks have reached a permanently high plateau, according to a poll of investors. Poll date: September, 1929."
Great comment
This was the fastest "housing market collapse" I ever saw. It began and ended within three months. Another MSM manufactured crisis that ended with the Dems' takeover of Congress.
"So, prices _have_ come down!"
In the $750k to a million area, the only ones that I know of, about 15-20% in the last 6 months.
Yeah sure.
Read this: http://onlinejournal.com/artman/publish/article_1453.shtml
Bushes fault
Bushes fault
>>I predict the real doom and gloom over housing will begin Feb or Mar 07 (after the Christmas season is completely over).
And a rebound will begin late 08.<<
Bummer. It looks like you and I are redundant.
I think things will be painfully clear in April.
I've already noticed the "everything's fine" voices here on FR have shrunk to a strong majority last year to a tiny minority. And the election further dwindled their numbers.
Some real estate people LOVE the Christmas season.
First of all they don't have to work. Nobody is out looking for houses on Christmas. More importantly, families get together and finally decide they must sell the family manse they inherited a couple of years earlier.
I've been looking at one such house, the kids inherited it a few years ago. The house itself is a tear-down 50's ranch but it is on an acre with a nice view of the water (and a public beach, unfortunately.) It is not waterfront. I just looked up the current assessment: 2.3 million. Insane!
This coming spring is going to be interesting.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.