Widely Regarded Housing Study Reports Further Home Price Declines

RE:Widely Regarded Housing Study Reports Further Home Price Declines

SteveInBrownstown — Sat, 05 Jan 2008 13:00:00 GMT

Of course, the properties are local, as are most of the lenders. However, when the lender packages and resells the mortgage to CountryWide, BB&T, or other national operations, the RISK of real estate markets becomes NATIONAL risk, not local risk. That's precisely why national trends are indeed relevant on a local level.

RE:Widely Regarded Housing Study Reports Further Home Price Declines

Bufford Warren — Fri, 04 Jan 2008 13:00:00 GMT

I agree, housing markets are local. These markets are a reflection of local economies. I posted an article on my blog on 10/22/07 and another on 11/25/07 that illuded to this fact. In the Metro area of Arizona the primary industry is growth. That growth has now been stalled by an over-built situation in the housing industry. At the same time the copper mining towns in Arizona have a very good market due to the world demand for their product.

RE:Widely Regarded Housing Study Reports Further Home Price Declines

Bobby Carroll — Sun, 30 Dec 2007 13:00:00 GMT

It's my understanding the national overall price decline for 2007 was around 1.5%. Forecasting the national real estate market makes about as much sense as forecasting the national weather. Real estate is bought and sold on a "hyper-local" level. It's time real estate blogging professionals begun hitting the bloggosphere with a balanced local message - good or bad. If real estate profesionals are waiting for a "fair and balanced" approach to reporting real estate, it's never going to happen.

RE:Widely Regarded Housing Study Reports Further Home Price Declines

Tim — Wed, 26 Dec 2007 13:00:00 GMT

Real Estate markets and figures are regional. Not all areas have declining values. The property is Dallas Fort Worth area and other parts of Texas do not have a problem like the ones mentioned. So when those people on TV say OH NO the WHOLE real estate market is dead they are confused. I dont know many news people that are actively in the real estate market either. So figures are just that, numbers that can be manipulated any way they wont it to sound.

RE:Widely Regarded Housing Study Reports Further Home Price Declines

William — Wed, 26 Dec 2007 13:00:00 GMT

When are the media machine folks going to quit selling real estate and housing news as a national market entitiy? Housing and real estate are a local economy and all of this negative news bombardment only strikes fear in the public. Yes, some parts of the country have had large increases in prices and now their pendulum has swung back. As a realtor, my job is so much education now due to all the 'doom and gloom' media it is really tiring!