March 31, 2009
Case-Shiller: Prices Still Falling in OC, Rate of Decline Slows
Let’s check in on the S&P/Case-Shiller Home Price Indices (HPI). Here’s a summary of the latest data for the Los Angeles area, which includes LA and Orange Counties:
January 2009
Month to Month: Down 2.9%
Year to Year: Down 25.8%
Change from Peak: Down 39.2% in 28 months
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: Rate of LA Home Price Drops Continues to Slow.
Julio DiCandia said:
I do agreed with Case-Shiller that the decline of prices is slowing down, however, this agency is not aware,of the gimmics going on between banks, and realtors to drag, slowdown the housing.
But lets go to facts: Having Unemployment High, and going higher,plus the modifications failing,Plus properties-taxes going Unpaid.
and on, and on, and on.
I reach the conclussion, that If I want to Purchase a home, I would have to hired a Lawyer First, We can NOT longer take realtors “words” because they Liers salesmans.
And finally I thanks Redfin for a woderful page you guys offer to people.
I am glad that somebody took out the “non-existing” address of 27523 via fortuna of SJC
that was an Invented record-page from an agent from Cadwell Bankers (Playing games)
The real address is 27513 via fortuna of SJC
April 22, 2009 7:40 PM
Cal said:
Julio,
while i share your mistrust of salesmen in general, what is your specific example. I’m looking to buy and dont’ want to fall for any thing. I mean what would a lawyer do for a buyer?
Thanks.
April 25, 2009 11:10 PM
Andy said:
To generalize that realtors are liars is pretty cynical. A few are. But I think we should give everyone the benefit of the doubt.
If you want to buy a house DO YOUR HOMEWORK! A good realtor will tell you what you need to know, but you won’t have that first-hand in-depth knowledge of all aspects of buying a house unless you really do the homework. Learn everything you can about loans from more than one lender or broker. Get a copy of the standard purchase agreement and get familiar with it. It will cause you to ask questions you never thought of. If you have a house in mind, go to the city and pull the permits. Then go to the county and get the tax records. Are there any liens? How about a class in RE at the local city college? NOW when you start talking to a realtor, you’ll know if he’s giving you BS!
May 22, 2009 1:16 PM
Jc said:
Cal don’t be sarcastic, you know well, that in nowadays any home owner is/or had involved is so much financial trash. that for sure a lawyer will be necesary.
Andy please don’t be sensitive, that you well know you all destroyed the entire RE industry, so don’t play the “Victim-Card”
October 12, 2009 2:20 PM