 |
I just don't see this even with Bush's bailout. My guess, and it seems most other people's too, is one to two more years of inching downward.
posted by southboca(700) 7 months and 14 days ago
Aspiring Patriot
There are so many forclosures and preforclosures where I live, this can't even begin to be the case.
posted by Cass(350) 7 months and 14 days ago
Aspiring Patriot
Not a chance. I think the real estate business will get a lot uglier before this is all over. Does anyone remember California? This is going to be the same but on a national level.
posted by Thor(350) 7 months and 14 days ago
Aspiring Patriot
Not by a long shot! I think the biggesst drops are probably over throughout most of the country, but I still think housing prices and sales are going to continue to inch downwarrd.
posted by Kat(650) 7 months and 14 days ago
Aspiring Patriot
It appears I'm not alone: Mark Zandi, chief economist at Moody's Economy.com, predicted that if the economy slips into recession or if efforts to prevent foreclosures don't pick up substantially, the housing market downturn could last through the end of the decade.
posted by Kat(650) 7 months and 14 days ago
Aspiring Patriot
In response to Kat:Jeez. That's depressing news for anyone nearing retirement and considering downsizing.
posted by corinthians(250) 7 months and 14 days ago
Aspiring Patriot
I sure hope it's true. I'd like to be able to sell my home without taking a bath.
posted by Bella(350) 7 months and 14 days ago
Aspiring Patriot
In response to Kat:What a nightmare! I hope our next president has a better idea of what to do to re-engergize our economy.
posted by Peter(350) 7 months and 13 days ago
Aspiring Patriot
In response to Peter:I couldn't have said it better myself. Bush is the reason we are in the mess; the sooner he's out of the White House the better.
posted by Cass(350) 7 months and 11 days ago
Aspiring Patriot
If you believe that, I've got some swampland in Florida that's for sale. LOL.
posted by mike(100) 7 months and 10 days ago
Aspiring Patriot
Don't know about that, forclosures are still edging up where I live. and all the agents are taking courses on short selling...not a good sign.
posted by southboca(700) 7 months and 10 days ago
Aspiring Patriot
In response to southboca:Ditto on where I live...tho it seems a little late to be taking the course. LOL.
posted by Thor(350) 7 months and 9 days ago
Aspiring Patriot
It doesn't seem like that's what the people in the industry believe. The National Association of Home Builders said its housing market index, which gauges builders' perceptions of conditions and expectations for home sales over the next six months, came in at 19 in December. The number was at the lowest level since the index began in January 1985.
posted by Thor(350) 7 months and 8 days ago
Aspiring Patriot
More bad news: The Department of Commerce reported that housing construction fell in November and single-family activity dropped to the lowest level in more than 16 years. Still no sign of a turn around.
posted by Bella(350) 7 months and 8 days ago
Aspiring Patriot
Yep the downturn has left home building almosst 25% below last year's level. Not good. Not good, at all.
posted by Cass(350) 7 months and 8 days ago
Aspiring Patriot
|
|
|
|
|
PicktheParty is a free online community that allows users to have fun with political discussions while debating everything from current topics to political jokes.
Once a registered member you can post comments, images and videos. Membership also grants our users vote tracking, a message inbox, chances to win prizes and access to various promotions.
PicktheParty does not sell or give away any information we receive.
So quit your filibustering and register! |
|
|
|
