Comments on: Case-Shiller: Simultaneous Summer Surge Stretches On

By: ed hardy

ed hardy — Mon, 30 Nov 2009 01:15:36 +0000

The reality is that if home sellers would come to reality and lower their prices the market might have a chance to recover in a reasonable time frame rather than the slow bleeding that exists today.

By: Jc

Jc — Wed, 21 Oct 2009 14:48:55 +0000

I couldn’t agreed more with the Curt’s statement.

Case/Shiller is another agency sponsored by the banks with a strong support from the realestate industry.
And I find this quite contradictory with an article I read yesterday LATimes. That Case.Shiller is predicting an 8% decline from now until next year. So the question is: who is Exageranting here?

Another issue that I notice in redfin are The Listing-Ponzi-Prices of everyday published.
Why redfin is allowing those listings-frauds?

I can see that redfin is falling into the same Category of those commun realestate liers.

Please redfin you can do better than that.

By: Curt S.

Curt S. — Mon, 05 Oct 2009 00:46:48 +0000

These are nice numbers….on the surface, but if you look closely there is a season increase every 12 months. Its called the summer high season. Of course the numbers are up but it is only a seasonal increase. Lets look at the reality – The reality is unemployment is the peaking near 10% (based on the simpliest government measure). If you look at the U6 unemployment measure (the one that includes workers who are classified as “discouraged” because they can’t find a job after a year the unemployment rate is near 18% and +20% in california. The reality is that consumer credit still contracting and consumers are in more debt today then in the history of the USA. No new credit cards or home equity loans with 401K’s 30% drained. Who’s has money to spend on driving the recovery. The reality is that the consumer savings rate is on a sharp increase to +10% from 0% meaning more money not being spend on the recovery. The reality is the government needs to spend nearly 2 Trillon dollars just to keep us on life support; what happens when this gets used up? and we are now entering into a Zero to declining wage period of at least 3 to 5 years. With all this said, who really thinks the real estate market is poised for a growth phase or is the reality that we are seeing a seasonal bounce before we enter the next decline phase.

The reality is that if home sellers would come to reality and lower their prices the market might have a chance to recover in a reasonable time frame rather than the slow bleeding that exists today.

By: Ben Nicolas

Ben Nicolas — Sat, 03 Oct 2009 08:47:22 +0000

Hi,

I’m a Real Estate Broker in Los Angeles too. I subscribe to your blog and really enjoy reading it. Your analysis is intelligent, useful, and succinct. Thank you for sharing it.

By: Case-Shiller: Simultaneous Summer Surge Stretches On | Redfin Orange County Sweet Digs

Wed, 30 Sep 2009 06:52:49 +0000

[...] 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: Simultaneous Summer Surge Stretches On [...]