Comments on: Case-Shiller: Los Angeles Home Price Drops Slow 2 Months in a Row http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html Redfin Los Angeles Sweet Digs Thu, 09 Feb 2012 13:33:45 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Case-Shiller: LA Home Prices Showing Early Signs of a Double-Dip? | Redfin Los Angeles Sweet Digs http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html/comment-page-1#comment-74639 Case-Shiller: LA Home Prices Showing Early Signs of a Double-Dip? | Redfin Los Angeles Sweet Digs Tue, 31 Aug 2010 18:38:22 +0000 http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html#comment-74639 [...] back in January and February of last year, you will recall that I was one of the first to point out the first signs of upcoming home price increases in SoCal. The data that caught my attention then was a reversal in the second derivative—the [...] [...] back in January and February of last year, you will recall that I was one of the first to point out the first signs of upcoming home price increases in SoCal. The data that caught my attention then was a reversal in the second derivative—the [...]

]]> By: ed hardy http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html/comment-page-1#comment-39516 ed hardy Mon, 30 Nov 2009 01:04:41 +0000 http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html#comment-39516 Easy there tiger. We’re just entering the long slow grind down of another 30-40% over the upcoming 4-5 years after the initial cliff diving phase. That’s if we’re lucky and this cycle isn’t any different to the last few. Easy there tiger. We’re just entering the long slow grind down of another 30-40% over the upcoming 4-5 years after the initial cliff diving phase. That’s if we’re lucky and this cycle isn’t any different to the last few.

]]> By: HomeBuyer1354 http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html/comment-page-1#comment-23689 HomeBuyer1354 Mon, 30 Mar 2009 22:55:53 +0000 http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html#comment-23689 The sky is falling! The sky is falling! Really - Even if it looks like it stopped? The last big Orange County down to up cycle was 91-94 - the bottom was 15% from the top based upon averages fro the National Association of Realtors. We are now down 30% and median incomes are up and mortgage rates are 3 points lower than 1994. So affordability is way UP. Another 30% drop does not seem feasible but I guess we all make our guesses and place our bets. I think IF you can qualify for a loan there are some huge bargains out there. The sky is falling! The sky is falling! Really – Even if it looks like it stopped? The last big Orange County down to up cycle was 91-94 – the bottom was 15% from the top based upon averages fro the National Association of Realtors. We are now down 30% and median incomes are up and mortgage rates are 3 points lower than 1994. So affordability is way UP. Another 30% drop does not seem feasible but I guess we all make our guesses and place our bets. I think IF you can qualify for a loan there are some huge bargains out there.

]]> By: Miami Beach Homes http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html/comment-page-1#comment-23214 Miami Beach Homes Thu, 05 Mar 2009 17:15:55 +0000 http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html#comment-23214 It seems that every for every uptick there's also a plunge. Perhaps prices are on a stabilization path, albeit a very slow and rocky one. It seems that every for every uptick there’s also a plunge. Perhaps prices are on a stabilization path, albeit a very slow and rocky one.

]]> By: Hannah B. http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html/comment-page-1#comment-23167 Hannah B. Tue, 03 Mar 2009 22:09:50 +0000 http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html#comment-23167 Well, if you listen to Robert Shiller in interviews, he thinks we're only half way down. Granted he's speaking nationwide, but that bodes even worse for bubble markets like California. Housing prices here are even further out of line from median incomes and we just have that much more to fall than others. The slowing in price drops may not be a good thing. It sounds to me like in for a longer economic contraction. Personally, I prefer just to rip the band-aid off. Well, if you listen to Robert Shiller in interviews, he thinks we’re only half way down. Granted he’s speaking nationwide, but that bodes even worse for bubble markets like California. Housing prices here are even further out of line from median incomes and we just have that much more to fall than others. The slowing in price drops may not be a good thing. It sounds to me like in for a longer economic contraction. Personally, I prefer just to rip the band-aid off.

]]> By: Elizabeth http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html/comment-page-1#comment-23103 Elizabeth Sat, 28 Feb 2009 05:53:21 +0000 http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html#comment-23103 Easy there tiger. We're just entering the long slow grind down of another 30-40% over the upcoming 4-5 years after the initial cliff diving phase. That's if we're lucky and this cycle isn't any different to the last few. Easy there tiger. We’re just entering the long slow grind down of another 30-40% over the upcoming 4-5 years after the initial cliff diving phase. That’s if we’re lucky and this cycle isn’t any different to the last few.

]]> By: JP http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html/comment-page-1#comment-23073 JP Wed, 25 Feb 2009 20:40:45 +0000 http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html#comment-23073 We are nowhere near the bottom yet. The fundamentals have significantly eroded in the economy and in Los Angeles. While many are seeing 2003 prices return, prospective buyers should expect closer to 1997 home prices. Buyers need to be patient. Avoid being a "knife catcher" and buying a property that just loses your hard earned money. The goal of real estate debt is to build equity, not lose it! We are nowhere near the bottom yet. The fundamentals have significantly eroded in the economy and in Los Angeles. While many are seeing 2003 prices return, prospective buyers should expect closer to 1997 home prices.

Buyers need to be patient. Avoid being a “knife catcher” and buying a property that just loses your hard earned money. The goal of real estate debt is to build equity, not lose it!

]]> By: TrabucoDom http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html/comment-page-1#comment-23071 TrabucoDom Wed, 25 Feb 2009 18:38:07 +0000 http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html#comment-23071 The CA moratorium on foreclosures probably influenced the 2-month uptick you refer to. This should correct after the foreclosures resume, I would guess. The CA moratorium on foreclosures probably influenced the 2-month uptick you refer to. This should correct after the foreclosures resume, I would guess.

]]> By: Case-Shiller: Orange County Home Price Drops Slow Again | Redfin Orange County Sweet Digs http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html/comment-page-1#comment-23065 Case-Shiller: Orange County Home Price Drops Slow Again | Redfin Orange County Sweet Digs Wed, 25 Feb 2009 07:18:55 +0000 http://blog.redfin.com/losangeles/2009/02/case-shiller_los_angeles_home_price_drops_slow_2_months_in_a_row.html#comment-23065 [...] Since Case-Shiller lumps LA and Orange Counties together, I won’t repeat everything I wrote on the LA Sweet Digs blog. For more analysis and some graphs of the LA Case-Shiller data, check out my post over there: Case-Shiller: Los Angeles Home Price Drops Slow 2 Months in a Row [...] [...] Since Case-Shiller lumps LA and Orange Counties together, I won’t repeat everything I wrote on the LA Sweet Digs blog. For more analysis and some graphs of the LA Case-Shiller data, check out my post over there: Case-Shiller: Los Angeles Home Price Drops Slow 2 Months in a Row [...]

]]>