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Signs of Life From the Real Estate Market

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zhuzhu

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California takes the lead!

http://finance.yahoo.com/real-estate/article/106700/Signs-of-Life-From-the-Real-Estate-Market
 

zhuzhu

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Good morning Tradergirl, did you not get enough coffee?
9.gif
 

TravelingGal

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Zhuzhu, hate to burst your bubble, but there are signs of life coming from areas that are just dead. Those that have been falling for awhile are drawing people back in to buy foreclosures. California has awhile to go. It rose faster and higher, which means a longer and more painful fall.
 

zhuzhu

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Date: 3/11/2009 11:30:18 PM
Author: TravelingGal
Zhuzhu, hate to burst your bubble, but there are signs of life coming from areas that are just dead. Those that have been falling for awhile are drawing people back in to buy foreclosures. California has awhile to go. It rose faster and higher, which means a longer and more painful fall.

No worries! I was not trying to convince anyone of anything. Just wanted to share a different perspective I found on housing!
 

steph72276

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The USA today had a great article recently. If you took out the states of California and Florida as well as the cities of Las Vegas, Detroit, and Phoenix, then foreclosure rates are around the norm. If you are in those areas, then yes there is a lot of fear and a lot of people hurting. But in MOST parts of the country, housing is not that affected. People are just so freaked out by the news that it is crazy....
 

Dancing Fire

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Date: 3/12/2009 12:12:20 PM
Author: steph72276
The USA today had a great article recently. If you took out the states of California and Florida as well as the cities of Las Vegas, Detroit, and Phoenix, then foreclosure rates are around the norm. If you are in those areas, then yes there is a lot of fear and a lot of people hurting. But in MOST parts of the country, housing is not that affected. People are just so freaked out by the news that it is crazy....
and if you asked somebody in the middle of Montana they wouldn''t know what you were talking about. whom ever wrote that article must be really stupid.
 

Dancing Fire

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Date: 3/11/2009 11:30:18 PM
Author: TravelingGal
Zhuzhu, hate to burst your bubble, but there are signs of life coming from areas that are just dead. Those that have been falling for awhile are drawing people back in to buy foreclosures. California has awhile to go. It rose faster and higher, which means a longer and more painful fall.
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Mara

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Now it''s a perfect time for N. CA to split from S. CA.
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