Would you now agree that there is a Real Estate slump???

[dex]

With the warmer weather in Atlanta I'm seeing more people looking at homes and more under contract signs going up. The builders stopped or slowed down their building towards the end of last year. I now see it picking up again. The warning is that markets don't go straight up or down so ...

[eridanus]

The Shiller index on existing homes shows a decline for December. Here's the data for new homes in January.

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New home sales plunge

Annual pace, below 1 million, posts biggest monthly decline in 13 years; rising glut of homes for sale hits prices.

"New homes sold at an annual rate of 937,000, down 16.6 percent from the December reading of 1.1 million."

http://money.cnn.com/2007/02/28/news...ion=2007022811

[lazygood4nothinbum]

possible good (or at least not so bad) news for florida from the university of florida's center for real estate studies.

Quote:

GAINESVILLE, Fla. — Hopeful homebuyers in Florida should act now: The price is right as the state’s single-family residential housing market bottoms out, according to a University of Florida study released today. “If you’re thinking of buying a house, there’s probably not much to be gained by holding out at this point,” said Wayne Archer, director of UF’s Bergstrom Center for Real Estate Studies. “It doesn’t look like prices are going to fall anymore.”

[dumpster56]

Lets take a fresh look almost a year later.

[honobob]

Quote:

Originally Posted by newguy888 Lets take a fresh look almost a year later.

Newguy888, Been there, done that, got closed down! Damn N*z* goons!