Comments on: Existing Home Sales: Median Home Price Down 4.6% in January http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/ "He who defends everything defends nothing." - Frederick the Great Wed, 17 Mar 2010 19:08:22 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Josiphos http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/comment-page-1/#comment-13683 Josiphos Tue, 26 Feb 2008 23:43:31 +0000 http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/#comment-13683 I liquidated all my stocks in October. I have nothing NOTHING in the market now. Its going to be awhile before I buy anything either. I'm content to sit on the sidelines. I have no idea how the market could be up. Makes me think even more that the market is of in some dreamland, totally disconnected to reality. I liquidated all my stocks in October. I have nothing NOTHING in the market now.

Its going to be awhile before I buy anything either.

I’m content to sit on the sidelines. I have no idea how the market could be up. Makes me think even more that the market is of in some dreamland, totally disconnected to reality.

]]> By: stuffingmonkey http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/comment-page-1/#comment-13680 stuffingmonkey Tue, 26 Feb 2008 21:30:43 +0000 http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/#comment-13680 I haven't ever seen more depressing economic reports in one day. Between surging oil and inflation and tanking housing prices and consumer confidence... Yet the market is up over 100 points today. What are these people possibly clinging to that would cause them to throw money into any part of the current market? I haven’t ever seen more depressing economic reports in one day. Between surging oil and inflation and tanking housing prices and consumer confidence…

Yet the market is up over 100 points today. What are these people possibly clinging to that would cause them to throw money into any part of the current market?

]]> By: NVmike http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/comment-page-1/#comment-13670 NVmike Tue, 26 Feb 2008 15:33:26 +0000 http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/#comment-13670 RE: NAR says -4.6% YoY. Down only 4.6% LOL. S&P/Case-Shiller says -9.1% YoY: http://tinyurl.com/2sqdld I wish I could find the chart they held up on CNBC this morning showing the pct change in Case-Shiller for the last 5 years. Prices fell off a cliff. RE: NAR says -4.6% YoY.

Down only 4.6% LOL. S&P/Case-Shiller says -9.1% YoY: http://tinyurl.com/2sqdld

I wish I could find the chart they held up on CNBC this morning showing the pct change in Case-Shiller for the last 5 years. Prices fell off a cliff.

]]> By: sandman http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/comment-page-1/#comment-13662 sandman Tue, 26 Feb 2008 02:58:49 +0000 http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/#comment-13662 I think the real news is the 2.8% decline in just the past 31 days (Dec->Jan). On a national level, I think the median price is a fair indicator to use (although I'd prefer median price per median sqft). Imperfect, but as good as the NAR will give. I think the real news is the 2.8% decline in just the past 31 days (Dec->Jan).

On a national level, I think the median price is a fair indicator to use (although I’d prefer median price per median sqft). Imperfect, but as good as the NAR will give.

]]> By: Josiphos http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/comment-page-1/#comment-13658 Josiphos Tue, 26 Feb 2008 02:03:32 +0000 http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/#comment-13658 I don't understand. What possible reason would NAR have to be overly optimistic? Its almost like they have a stake in all this. I don’t understand.

What possible reason would NAR have to be overly optimistic?

Its almost like they have a stake in all this.

]]> By: TheArcadian http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/comment-page-1/#comment-13657 TheArcadian Tue, 26 Feb 2008 00:26:59 +0000 http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/#comment-13657 <em>"Inventories are high, so it’s not surprising prices are declining," NAR economist Lawrence Yun said. </em> More NAR lies. Prices are declining because homes are too expensive. Inventory is high because homes are too expensive. Rinse and repeat. “Inventories are high, so it’s not surprising prices are declining,” NAR economist Lawrence Yun said.

More NAR lies. Prices are declining because homes are too expensive. Inventory is high because homes are too expensive. Rinse and repeat.

]]> By: the kid http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/comment-page-1/#comment-13652 the kid Mon, 25 Feb 2008 20:37:25 +0000 http://housingdoom.com/2008/02/25/existing-homes-price-down-46-in-january/#comment-13652 no, that prices are declining should not be surprising to anyone, unless of course they had read the NAR forecast projecting stable and later rising prices in 2008. no, that prices are declining should not be surprising to anyone, unless of course they had read the NAR forecast projecting stable and later rising prices in 2008.

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