John Lounsbury's  Instablog

John Lounsbury
Send Message
John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
My company:
John B Lounsbury CFP
My blog:
Global Economic Intersection
Back To John Lounsbury's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (3)
Track new comments
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Great map.

     

    Anyone interested in the situation in their own neighborhood, try zillow.com and key in your zip code. They track virtually everything going on with real estate.

     

    2 months ago when I checked my own zip code, they showed 467 homes for sale, with 2 foreclosures. Today the numbers are similar, with 435 for sale, and 0 foreclosures.

     

    YoY prices in my zip coder are up 2.3% (which is an improvement from last time, when it was up 1.6%), and QoQ is up 1.4%.

     

    338 houses recently sold, and 23 are currently listed for rent.

     

    Only 4 condos are for sale in my zip code right now.

     

    I realize these numbers sound almost too good to be true, but checking some of the neighboring zip codes brings a reality check...

     

    Sales down 16%, dozens of foreclosures, and over a hundred condos sitting on the market. 117 homes for rent...

     

    A lot depends on the local schools and the composition of the neighborhoods. This is the sort of thing prospective home buyers need to check and be aware of. Often that "overpriced" house which LOOKS just like the one for less might have hidden advantages in terms of the neighborhood's infrastructure...
    22 Oct 2010, 11:56 AM Reply Like
  • doubleguns
    , contributor
    Comments (9692) | Send Message
     
    TB, checked out the zillow for my house and found it very interesting. Thankfully I was not out on the deck releaving myself when they took the picture. Photo is way to detailed. Frightening actually.
    22 Oct 2010, 02:00 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    The CIA's got nothing on the typical real estate agent when it comes to their assigned zip code.
    22 Oct 2010, 02:05 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.