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Home prices to hit bottom in 19 markets this year (All but 2 are in Blue States)
Market Watch / Yahoo News ^ | May 5, 2012 | Amy Hoak

Posted on 05/05/2012 7:25:13 AM PDT by Homers-odd-I-see

Below are the 19 metropolitan areas where Zillow expects Housing prices will hit bottom in 2012:

New York

Los Angeles

Dallas-Ft. Worth

Philadelphia

Washington, DC

Miami-Fort Lauderdale

Boston

Riverside, Calif.

Phoenix

San Diego

Tampa

St. Louis

Baltimore

Denver

Pittsburgh

Orlando

Las Vegas

San Jose

Virginia Beach, Va.

(Excerpt) Read more at realestate.yahoo.com ...


TOPICS: Culture/Society
KEYWORDS: homeprices; housing; housingcrash
Good. With the exception of Dallas and Phoenix, these are all cities, located in States, we need to take away from Obama and the Democrats in 2012.
1 posted on 05/05/2012 7:25:14 AM PDT by Homers-odd-I-see
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To: Homers-odd-I-see

“Nineteen out of 30 markets in Zillow’s monthly report are expected to hit a bottom” ~ that includes heavily Republican suburbs.


2 posted on 05/05/2012 7:28:33 AM PDT by muawiyah
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To: Homers-odd-I-see

They wish. I’m in one of those markets, not so sure “bottom” is here yet. As long as the job market is so bad here, how can home prices be at bottom?


3 posted on 05/05/2012 7:28:42 AM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: Homers-odd-I-see

Housing prices nationally have dropped 30% in the last three years. What makes them think they’ll bottom out this year?


4 posted on 05/05/2012 7:28:51 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Jack Hydrazine
What makes them think they’ll bottom out this year?

Simple. Obama will fix the economy in time for the election.

5 posted on 05/05/2012 7:30:44 AM PDT by Fresh Wind ('People have got to know whether or not their president is a crook.' Richard M. Nixon)
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To: I still care

Moms house in the Tampa area went from $350,000 to $150,000 since 2009. Not sure it can get any worse.


6 posted on 05/05/2012 7:31:12 AM PDT by goseminoles
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To: Homers-odd-I-see

With the fed devaluing our currency every year, where is the bottom for the dollar? Think of how well your parents or grandparents lived on $10,000 earned by one bread-winner. We’ve been robbed by our greedy, selfish government, which is much more rapacious than “evil” Wall St.


7 posted on 05/05/2012 7:36:10 AM PDT by txrefugee
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To: Homers-odd-I-see
As long as the 'Rats keep digging, this hole has no bottom... it's bottomless.
8 posted on 05/05/2012 7:50:25 AM PDT by C210N (Wanted: Tagline)
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To: goseminoles
Moms house in the Tampa area went from $350,000 to $150,000 since 2009. Not sure it can get any worse.

Don't expect any relief soon....in Florida we have a backlog of foreclosures because each and every foreclosure needs to go before a judge to adjudicate...

Expect Florida to be just about the last market to recover....if it ever does...

9 posted on 05/05/2012 7:52:13 AM PDT by Popman (America is squandering its wealth on riotous living, war, and welfare.)
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To: C210N

10 posted on 05/05/2012 7:53:13 AM PDT by C210N (Wanted: Tagline)
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To: Homers-odd-I-see

Hitting the bottom this year just means the markets will be soonest to improve.

Looks like a mix of areas that did relatively well through the downturn—e.g., Boston, NYC—and those that took a beating—e.g., Phoenix, Las Vegas.


11 posted on 05/05/2012 7:59:37 AM PDT by 9YearLurker
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To: Homers-odd-I-see

If they go any lower you might just as well set the house out beside the curb with a sign that says take it.

Oh wait, a bunch of people already did that.


12 posted on 05/05/2012 8:01:57 AM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: Homers-odd-I-see

Below are the 19 metropolitan areas where Zillow expects Housing prices will hit bottom in 2012:

After Obama is reelected, New bottoms reached in 2013, 2014, 2015, 2016! Bank on it! Also expect at least a few Major Corporations to relocate to other, more business friendly countries. Also the complete death of the Dollar as iot loses its’ reserve currancy designation. Along with more and more destrruction too awful to think about!


13 posted on 05/05/2012 8:12:54 AM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Homers-odd-I-see

they will hit bottom in 2012 and than a new bottom in 2013


14 posted on 05/05/2012 8:34:30 AM PDT by paul51 (11 September 2001 - Never forget)
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To: Jack Hydrazine

“Housing prices nationally have dropped 30% in the last three years. What makes them think they’ll bottom out this year?”

What you ask? Its the election. If housing prices begin to rise they can crow that the recovery is here and it is real!! And Obama did it!!!

That is why they are making this “prediction”.


15 posted on 05/05/2012 8:38:30 AM PDT by CapnJack
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To: txrefugee

Thank you for saying “greedy selfish government”. This should be said so often that the word greedy makes one think of the word government.


16 posted on 05/05/2012 8:47:53 AM PDT by Anima Mundi (ENVY IS JUST PASSIVE, LAZY GREED)
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To: Homers-odd-I-see
Home prices to hit bottom in 19 markets this year
No one can know what the bottom was until prices start rising consistently. And that's not prediction, that's hind-sight.
17 posted on 05/05/2012 9:44:26 AM PDT by oh8eleven (RVN '67-'68)
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To: Homers-odd-I-see

The Real Estate debacle is part of 0bama’s “Redistribution of Wealth” scheme. Things should begin to improve if we can remove the kenyan.


18 posted on 05/05/2012 9:47:10 AM PDT by The Sons of Liberty (Sworn to Defend The Constitution Against ALL Enemies, Foreign and Domestic. So Help Me GOD!)
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To: Homers-odd-I-see

sometimes those bottoms have a trap door


19 posted on 05/05/2012 9:57:03 AM PDT by stylin19a (Obama - The Man Who Shot Liberty Valance)
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To: Homers-odd-I-see

Forecasting a bottom is a political exercise in this instance. It won’t be known until it’s hindsight.

My southern, midsized, manufacturing dominated metro appears to be reviving from the dead of late. Never was a bubble here except for lakefront and downtown condos, building ground to an absolute halt until recently, there are new homes being built again, nothing on the scale of 2007 and prior though.

Existing homes are starting to sell, foreclosures with overgrown lawns have been spiffed up and put on the market by the banks. More sold signs than new for sale signs are popping up. Traffic is up on my morning and evening commute.

Maybe it’s the beginning of a turnaroud, finally. The cynic in me says it’s just the return of no doc financing, and we’ll be right back to square one in a year or two.

I don’t know. Time will tell as always.


20 posted on 05/05/2012 10:05:08 AM PDT by RegulatorCountry
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To: Homers-odd-I-see

“Bottom” in the Dallas market means about 10% off the peak.


21 posted on 05/05/2012 10:27:13 AM PDT by PAR35
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To: Homers-odd-I-see

I’m told by people in the industry that Zillow is not the most reliable real estate valuation site out there, and I believe it — it says my house lost over $16,000 in the last 30 days and there’s *no way* that would have happened.


22 posted on 05/05/2012 6:42:25 PM PDT by Fast Moving Angel (O's new cookbook: "101 Ways To Wok Your Dog")
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