Comments on: Puget Sound Counties Interactive April Update

By: Seattle Bubble • Treading Water Between Fear and Desperation

Seattle Bubble • Treading Water Between Fear and Desperation — Thu, 21 Apr 2011 17:58:49 +0000

[...] quick highlight of where the market is at today:foreclosures still increasingprices declining slowlysales boosted through the springPost-tax credit, mortgage purchase applications have dropped to a 13-year lowinterest rates still at [...]

Reply – Quote

Rate this comment: 0 0

By: LA Relo

LA Relo — Mon, 17 May 2010 19:38:14 +0000

The next thing the government is going to be forced to do is raise interest rates. Once they accept that we’re not that far off from what’s happening to Greece we’ll have no choice but to raise rates.

Only question is will China have ditched our dollars in favor of the Euro by then or not.

Reply – Quote

Rate this comment: 0 0

By: DrShort

DrShort — Sun, 16 May 2010 19:07:47 +0000

By Scott Weitz @ 7:

We have officially used all of our bullets.

I think we’ve just stopped shooting. The government will quickly reload and start all sorts of new programs should the market start tanking again. Count on it.

Reply – Scott Weitz @ 7<\/a>:

\r\nWe have officially used all of our bullets. <\/blockquote>\r\n\r\nI think we\'ve just stopped shooting. The government will quickly reload and start all sorts of new programs should the market start tanking again. Count on it.',''); return false;">Quote

Rate this comment: 0 0

By: Scott Weitz

Scott Weitz — Sun, 16 May 2010 18:28:40 +0000

Its going to getting interesting now.

We have officially used all of our bullets. The banksters are wealthy, the banks themselves are still insolvent but for the mark to fantasy rule, the govt is broke, and the people are still in bad shape.

Now we can really begin the deleveraging.

Reply – Quote

Rate this comment: 0 0

By: Jonness

Jonness — Sat, 15 May 2010 18:34:42 +0000

By LA Relo @ 1:

Now that the government’s meddling is over prices can resume their normal trajectory to a market-based equilibrium.

In other words, look out below!

Some of the meddling is over. But we still have Fannie/Freddie/FHA representing 96.5% of loans being made. IMO, government price fixing should be illegal. Then again, if it were, who would fund the political elections?

Reply – LA Relo @ 1<\/a>:

Now that the government\'s meddling is over prices can resume their normal trajectory to a market-based equilibrium.\r\n\r\nIn other words, look out below!<\/blockquote>\r\n\r\nSome of the meddling is over. But we still have Fannie\/Freddie\/FHA representing 96.5% of loans being made. IMO, government price fixing should be illegal. Then again, if it were, who would fund the political elections?',''); return false;">Quote

Rate this comment: 0 0

By: Kary L. Krismer

Kary L. Krismer — Sat, 15 May 2010 18:03:03 +0000

By patient @ 4:

< It could be sellers rushing to try to push the property out of the door while the tax credit was active.

That would be my guess.

Reply – patient @ 4<\/a>:

< It could be sellers rushing to try to push the property out of the door while the tax credit was active.<\/blockquote>\r\n\r\nThat would be my guess.',''); return false;">Quote

Rate this comment: 0 0

By: patient

patient — Sat, 15 May 2010 17:29:52 +0000

RE: drshort @ 3 – It depends on the average time on market. Let’s say that it is 120 days. If you in one month have a 10% increase in price cuts of 4 months worth of listings it’s pretty significant since it signals a much higher pace of price cuts. It could be sellers rushing to try to push the property out of the door while the tax credit was active.

Reply – drshort @ 3<\/a> - It depends on the average time on market. Let\'s say that it is 120 days. If you in one month have a 10% increase in price cuts of 4 months worth of listings it\'s pretty significant since it signals a much higher pace of price cuts. It could be sellers rushing to try to push the property out of the door while the tax credit was active.',''); return false;">Quote

Rate this comment: 0 0

By: drshort

drshort — Sat, 15 May 2010 05:20:26 +0000

By softwarengineer @ 2:

Tax Credit End Portends Price Decreases Already

Article in part:

“…The expiration of the credit could be prompting home sellers to slash prices: 22% of listings on the market as of May 1 experienced at least one price reduction — that’s a 10% increase from the previous month, according to data from Trulia.com….”

WOW!!! A 10% increase?? As in last month it was 20% and this month it’s 22%?!?!?!

Reply – softwarengineer @ 2<\/a>:

\r\nTax Credit End Portends Price Decreases Already\r\n\r\nArticle in part:\r\n\r\n\"...The expiration of the credit could be prompting home sellers to slash prices: 22% of listings on the market as of May 1 experienced at least one price reduction -- that\'s a 10% increase from the previous month, according to data from Trulia.com....\"\r\n<\/blockquote>\r\n\r\nWOW!!! A 10% increase?? As in last month it was 20% and this month it\'s 22%?!?!?!',''); return false;">Quote

Rate this comment: 0 0

By: softwarengineer

softwarengineer — Fri, 14 May 2010 22:17:26 +0000

RE: LA Relo @ 1 –

Tax Credit End Portends Price Decreases Already

Article in part:

“…The expiration of the credit could be prompting home sellers to slash prices: 22% of listings on the market as of May 1 experienced at least one price reduction — that’s a 10% increase from the previous month, according to data from Trulia.com….”

http://www.marketwatch.com/story/as-tax-credit-ends-some-home-sellers-drop-prices-2010-05-14?siteid=rss&rss=1

Of course the picture is just beginning to clarify DOWNWARD for house prices, as the Summer data pours in the actual reality will document itself even more substantially.

Reply – LA Relo @ 1<\/a> - \r\n\r\nTax Credit End Portends Price Decreases Already\r\n\r\nArticle in part:\r\n\r\n\"...The expiration of the credit could be prompting home sellers to slash prices: 22% of listings on the market as of May 1 experienced at least one price reduction -- that\'s a 10% increase from the previous month, according to data from Trulia.com....\"\r\n\r\nhttp:\/\/www.marketwatch.com\/story\/as-tax-credit-ends-some-home-sellers-drop-prices-2010-05-14?siteid=rss&rss=1\r\n\r\nOf course the picture is just beginning to clarify DOWNWARD for house prices, as the Summer data pours in the actual reality will document itself even more substantially.',''); return false;">Quote

Rate this comment: 0 0

By: LA Relo

LA Relo — Fri, 14 May 2010 19:09:27 +0000

Now that the government’s meddling is over prices can resume their normal trajectory to a market-based equilibrium.

In other words, look out below!

Reply – Quote

Rate this comment: 0 0