vreporter

Low Interest Rates Fail to Boost Home Sales

petej,
You are undoubtedly part of the problem - given that answer. When that family of four loses their 20% equity, their intent is irrelevant and they end up with their furniture on the sidewalk. The comparison to day trading simply misses the point about the importance of valuation. Cost per sq ft has a long way further down to go regardless of interest rates. If you're a real estate broker, you need to think about your career restructuring!


On Dec 03 01:40 PM petej wrote:

> Someone who found their dream home, in their price range, in their
> favourite neighborhood who planned to stay in it for the next 10
> years might buy in this market. You're talking about housing speculation
> which for all intents and purposes is over, its back to basics.<br/>
>
> A family of 4 should not day trade on their housing search. Think
> of it this way, if the value temporarily goes down 100k then your
> property taxes should drop too. If you're in California you can
> then reset lower for the future due to Prop 13.

Oil, Housing and the Dollar

I don't confuse future performance of homebuilder stocks with real estate prices. They will perform with opposite results over - at least - the next year or so.
RE.porter