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Old 10-05-2007, 07:23 PM   #81
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Originally Posted by tryan View Post
Funny thing about a 20-25% decline from the 05 "peak" is that you're only back to the 04 prices. That's why I am still a seller in this market.
What's really funny it that I'd be a buyer in THIS (Washington DC) market for the same reason, providing I really needed to make a housing change, but it would influence how much house I bought. This market is super stable job-wise so the housing market is very unlikely to crash due to local economy. A recent unknown wild card is impact of immigrant home owners that could pack up and leave voluntarily or involuntarily.
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Old 10-05-2007, 07:58 PM   #82
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Originally Posted by haha View Post
Are you thinking that a 4% increase in the number of houses listed for sale is HUGE? Seems low to me and probably explainable as the yearly increase that happens each year when the portion of buyers that want to close before school starts stop buying and the unsold listings sit because the realtors signed sellers to terms past August. And what is 4%? And extra 40 homes on the market? Is that really big against all the homes in the area?

A measley 1.2% increase in 18 metro areas with all the Credit/bubble/blah-blah talk seems to indicate that it is all talk. Do you see it differently or did you think the 4% was low also?
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Old 10-05-2007, 08:58 PM   #83
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It's ALL about the financing. If people can still get financing to buy a house, they will buy. If not, they won't, and prices will come down proportionally.
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