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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Best and worst real estate markets
this is very interesting, I think
link
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Posted 12/16/06 11:47 PM  |
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Eva Luna
Be kind...life's hard!
Member since 8/05 4750 total posts
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God, bless & heal my DH, JenG's DH Rob & DebG
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Re: Best and worst real estate markets
 Love to see ATL there!! 
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| Posted 12/17/06 12:54 AM |
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Eleanor
LIF Adult
Member since 2/06 2223 total posts
Name:
Ellie
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Re: Best and worst real estate markets
whenever I feel bad about NE prices, it's always good to look at the west!!
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| Posted 12/17/06 9:29 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Best and worst real estate markets
Posted by Eleanor
whenever I feel bad about NE prices, it's always good to look at the west!!
yea seriously! the area where my sis lives is almost $800K for the median house 
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| Posted 12/17/06 9:30 AM |
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Samson7256
LIF Infant
Member since 5/06 93 total posts
Name:
John
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Re: Best and worst real estate markets
Posted by SweetestOfPeas
this is very interesting, I think
link
So accoding to this article nassau/suffolk home prices are expected to go down 2.0 % in 2007 and 3.7% in 2008 for a total price drop of 5.7%...or are they actually saying 2.0% in 2007 and 5.7% for a total dip of 7.7% over the next two years ? Eiether way that's a pretty significant dip. I feel like most of the other opinions I've read have predicted prices to stabilize by the 3rd quarter of 2007. Anyone have an opinion on this prediction ?
Message edited 12/17/2006 10:36:01 AM.
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| Posted 12/17/06 10:31 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Best and worst real estate markets
Posted by Samson7256
Posted by SweetestOfPeas
this is very interesting, I think
link
So accoding to this article nassau/suffolk home prices are expected to go down 2.0 % in 2007 and 3.7% in 2008 for a total price drop of 5.7%...or are they actually saying 2.0% in 2007 and 5.7% for a total dip of 7.7% over the next two years ? Eiether way that's a pretty significant dip. I feel like most of the other opinions I've read have predicted prices to stabilize by the 3rd quarter of 2007. Anyone have an opinion on this prediction ?
IMO it's like predicting the stock market. it's not possible. these are just projections and opinions.
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| Posted 12/17/06 10:41 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Best and worst real estate markets
Posted by Samson7256
Posted by SweetestOfPeas
this is very interesting, I think
link
So accoding to this article nassau/suffolk home prices are expected to go down 2.0 % in 2007 and 3.7% in 2008 for a total price drop of 5.7% ? That's a pretty significant dip. I feel like most of the other opinions I've read have predicted prices to stabilize by the 3rd quarter of 2007. Anyone have an opinion on this prediction ?
do you really think that is significant? they were talking about 20% price dips in the beginning of the year -
they also said that mortgage rates will be well over 7%, and I just locked in at 5.875 with no points - so i dont see prices coming down all that much if interest rates stay low.
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| Posted 12/17/06 10:42 AM |
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alisonggg
Cutie
Member since 3/06 4749 total posts
Name:
a
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Re: Best and worst real estate markets
Posted by Meaghan729
do you really think that is significant? they were talking about 20% price dips in the beginning of the year -
i didn't think thats sounds that significant either...20% to me is significant, 7-10% to me sounds like a market readjusting itself
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| Posted 12/17/06 10:56 AM |
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Samson7256
LIF Infant
Member since 5/06 93 total posts
Name:
John
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Re: Best and worst real estate markets
Posted by Meaghan729
Posted by Samson7256
Posted by SweetestOfPeas
this is very interesting, I think
link
So accoding to this article nassau/suffolk home prices are expected to go down 2.0 % in 2007 and 3.7% in 2008 for a total price drop of 5.7% ? That's a pretty significant dip. I feel like most of the other opinions I've read have predicted prices to stabilize by the 3rd quarter of 2007. Anyone have an opinion on this prediction ?
do you really think that is significant? they were talking about 20% price dips in the beginning of the year -
they also said that mortgage rates will be well over 7%, and I just locked in at 5.875 with no points - so i dont see prices coming down all that much if interest rates stay low.
Well like I said, most the recent reports I've been reading weren't quite so pessimistic/down on the nassau/suffolk housing market..showing dips just through the 3rd quarter of next year. To see new reports suggesting that prices will continue to decrease for the next two years is pretty significant..at least for someone thinking about buying but not neccessarily in any rush. Obvioulsy if you own a home and plan on staying there for the next 5 to 10 years then it doesn't really impact you too much.
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| Posted 12/17/06 11:00 AM |
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