Historic: Drop in US median Home price
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I think Liz's jeweler was the smart one - he got paid in full - unless her baubles are financed too ;-).
That 26.99% interest on the credit card for those things that make her classy, is going to leave sore spot. ouch.
From Bill Fleckenstein's column "How regulators fed the credit mess"
"One final comment about the financial world: It's populated with rich, hypocritical whiners. Wall Street, the hedge-fund community and their lap dogs in the news media continually brag about how much they love capitalism and free markets. Yet when the creative-destruction component of capitalism rears its ugly head, they want the central planners to bail them out immediately, before they take any pain. And the ones clamoring the loudest are the very same folks who behaved the most irresponsibly."
"One final comment about the financial world: It's populated with rich, hypocritical whiners. Wall Street, the hedge-fund community and their lap dogs in the news media continually brag about how much they love capitalism and free markets. Yet when the creative-destruction component of capitalism rears its ugly head, they want the central planners to bail them out immediately, before they take any pain. And the ones clamoring the loudest are the very same folks who behaved the most irresponsibly."
I'm reading this...
http://biz.yahoo.com/ap/070827/economy.html?.v=13
But Have actually had a few more people asking about real estate around here
than in the last several month.....
http://biz.yahoo.com/ap/070827/economy.html?.v=13
But Have actually had a few more people asking about real estate around here
than in the last several month.....
Ya gotta love the way the Florida Realtors Association can spin a story:
Florida's Existing Home Sales Still Stabilizing in July 2007
ORLANDO, Fla., Aug. 27 /PRNewswire/ -- With positive economic
conditions such as low mortgage interest rates and job growth continuing in
Florida, statewide sales of existing single-family homes totaled 11,674 in
July and were closer to activity in July 2001 and 2002 - before the housing
boom years - than the July 2006 figures, when 15,378 homes sold for a 24
percent decrease in the year-to-year comparison, according to the Florida
Association of Realtors(R) (FAR).
Florida's median sales price for existing single-family homes last
month was $237,500; a year ago, it was $250,400 for a 5 percent decrease. The median is the midpoint; half the homes sold for more, half for less. In July 2002, the statewide median sales price for single-family homes was $141,700, for an increase of 67.6 percent over the five-year-period, according to FAR records.
Sales of existing condominiums in Florida also decreased last month,
with a total of 3,610 condos sold statewide compared to 4,449 in July 2006 for a 19 percent decline, according to FAR. The statewide median sales price for condos last month was $193,900, down 7 percent from July 2006's condo median price of $209,100. NAR reported the national median existing condo price was $228,900 in June 2007.
.
Florida's Existing Home Sales Still Stabilizing in July 2007
ORLANDO, Fla., Aug. 27 /PRNewswire/ -- With positive economic
conditions such as low mortgage interest rates and job growth continuing in
Florida, statewide sales of existing single-family homes totaled 11,674 in
July and were closer to activity in July 2001 and 2002 - before the housing
boom years - than the July 2006 figures, when 15,378 homes sold for a 24
percent decrease in the year-to-year comparison, according to the Florida
Association of Realtors(R) (FAR).
Florida's median sales price for existing single-family homes last
month was $237,500; a year ago, it was $250,400 for a 5 percent decrease. The median is the midpoint; half the homes sold for more, half for less. In July 2002, the statewide median sales price for single-family homes was $141,700, for an increase of 67.6 percent over the five-year-period, according to FAR records.
Sales of existing condominiums in Florida also decreased last month,
with a total of 3,610 condos sold statewide compared to 4,449 in July 2006 for a 19 percent decline, according to FAR. The statewide median sales price for condos last month was $193,900, down 7 percent from July 2006's condo median price of $209,100. NAR reported the national median existing condo price was $228,900 in June 2007.
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Two of the last three were for prices on specific properties
And one said: Start looking, I think it is getting time to buy.....
What are we thinking 2009 now?
http://money.aol.com/news/articles/_a/housing-prices-fall-by-32-percent/20070828092809990001
http://money.aol.com/news/articles/_a/housing-prices-fall-by-32-percent/20070828092809990001