F. Frederson, when the cable goes down, I feel pretty isolated. I also lose my TV along with my internet connection. Luckily the library has a nice service, but they don't open to 9AM. Hopefully Time Warner will be back soon (this is the 2nd major outage this month).
Housing Novice, I like the video too (bottom of posts). People that bought condos in those buildings 6 months ago are really hurting. Imagine paying $600K for a condo, and someone else pays under $300K just a few months later! OUCH.
central_scrutinizer, I think it was NAR - someone saw a "Realtors" van speeding away - but they cut they whole neighborhood!
iceman, When I called Time Warner this morning, their recorded message said they had a special deal if I added phone service to my package. ROFLOL. Then I'd really be isolated! At least I could make phone calls this AM.
All, I'll have some more graphs this afternoon (Hopefully).
I'm hoping that this year will break with patterns and the inventory rises to 4.85M in September due to the August turmoil. Then, I might win that contest from about one month ago. I understand the prize is lunch with David Lereah. Fantastic.
We are in the midst of something big, already happening, and moving very fast. Looking at 30 plus day old stats is a big risk.
What I see on the streets:
I know a Maryland Home Inspection company, in the DC metro area,
that in past years has averaged 104 inspections a month,
Worst month was 63,
As of today 25 September, on a pace to do 24 for the month.
What I see on RealtyTrac:
An explosion in just the last few weeks in the percentage of houses up for auction.(distorting any MLS stats.)
Since, as has been shown on a number of sites, a very large number of REOs are not listed in the MLS, nor are properties in foreclosure, wouldn't that tend to make the NAR inventory number smaller than reality? Or does NAR calculate inventory without strict regard to the listings?
When I called Time Warner this morning, their recorded message said they had a special deal if I added phone service to my package. ROFLOL. Then I'd really be isolated! At least I could make phone calls this AM.
Hahaha!!!
I remind the Comcast people every single time I have them come out that I'm really happy with my old fashioned telephone. I'm nice about it, but I simply can't resist a good heckle when it presents itself, lol.
(Just put up a farm labor vs. farm wages chart on my homepage for those interested.)
Ah, the perfect "customer service plan" - get them to put everything on one line (phone, internet, TV, etc.), and then cut the line! Or, when the line fails, smile smuggly as your newly hosed customer can't even contact you to complain! Now, if we could just get rid of your cell phone... hehe...
Seriously, I cannot wait for the coming real estate storm to hit Maryland full-force. The people here are some of the most stuck-up and clueless people I've seen. Everyone has to have a 4,000 square foot McMansion, real estate "always goes up because of DC," renters are less than human, if you don't have a Lexus, Mercedes, etc. you're nothing, etc. Too many yuppies with too much debt and not enough common sense. A good old fashioned housing crash may adjust their attitudes.
I ran across this article when looking into farmland prices. You might be interested. It talks about Maryland specifically.
Market cools for farmland, but prices still rising Despite this year's more modest gain, the cost of farmland remains still the biggest threat to agriculture in Maryland, said state Agriculture Secretary Roger L. Richardson.
"Farmers need to be in operations where they can make the highest profit per acre of land," Hanson said. "Grain farmers can't afford to buy land. It does not produce enough revenue to cover the cost of the land."
Pondering the Mess:
Sir, you need to do a little leg work.
Get a street map of your neighborhood, a RealtyTrac map of houses on the market, (Resale, REO, Auction, PreForeclosure,) and a MLS print out.
Then drive around. It is clear that the real estate storm has hit Maryland full force, the Ivory Tower and USSA stats are just rear view mirror views, something like what one would see just after having driven off the cliff.
Pondering the mess: all depends on where, exactly, you are. I live in Northern College Park, a pretty stable, working class neighborhood where contractor vans outnumber Lexi. Bethesda-Chevy Chase it isn't. Of course my neighborhood is going to have house prices HAMMERED in the next few years. There's simply no way that people are going to pay North of 300k to live in a small house inside the Beltway in PG. Of course even on my street, there are a few BMWs, but they don't dominate. And there's the guy a block over who had a deuce-and-a-half in his driveway until recently. Now that thing made the Hummer's look like Jeeps.
The 99th refresh finally worked.
"Note: I'm posting from the local library."
Now that's dedication! Thanks, CR.
What is "new home inventory" now?
Yes - many thanks CR! You have the pioneering spirit!
wawawa - the NAR doesn't do new homes. That's that NAHB. Their reports come out separately.
I love the video of the condo auction in Miami!
Thanks
CR, any truth to the rumor that the NAR paid some thugs to cut the cable running to your house?
Thanks for the graphs, I've been drooling for them since this morning.
You are the bomb.
good luck with your broadband CR! I'd sooner lose my TV, telephone, and hot water heater than my broadband.
F. Frederson, when the cable goes down, I feel pretty isolated. I also lose my TV along with my internet connection. Luckily the library has a nice service, but they don't open to 9AM. Hopefully Time Warner will be back soon (this is the 2nd major outage this month).
Housing Novice, I like the video too (bottom of posts). People that bought condos in those buildings 6 months ago are really hurting. Imagine paying $600K for a condo, and someone else pays under $300K just a few months later! OUCH.
Best to all.
central_scrutinizer, I think it was NAR - someone saw a "Realtors" van speeding away - but they cut they whole neighborhood!
iceman, When I called Time Warner this morning, their recorded message said they had a special deal if I added phone service to my package. ROFLOL. Then I'd really be isolated! At least I could make phone calls this AM.
All, I'll have some more graphs this afternoon (Hopefully).
Best Wishes.
I'm hoping that this year will break with patterns and the inventory rises to 4.85M in September due to the August turmoil. Then, I might win that contest from about one month ago. I understand the prize is lunch with David Lereah. Fantastic.
When the report comes out in October a lot of people will be faced with a very ugly truth, the NAR sold them down them river.
"I understand the prize is lunch with David Lereah. Fantastic."
Really? I thought it was a chance to punch David Lereah. Oh well.
I believe that is dessert.
We are in the midst of something big, already happening, and moving very fast. Looking at 30 plus day old stats is a big risk.
What I see on the streets:
I know a Maryland Home Inspection company, in the DC metro area,
that in past years has averaged 104 inspections a month,
Worst month was 63,
As of today 25 September, on a pace to do 24 for the month.
What I see on RealtyTrac:
An explosion in just the last few weeks in the percentage of houses up for auction.(distorting any MLS stats.)
And take a look at the US$, since September 1:
INO Equities Stocks Indexes - US DOLLAR INDEX (NYBOT:DX) Price Chart and Quote
.something big, already happening, and moving very fast ..
Since, as has been shown on a number of sites, a very large number of REOs are not listed in the MLS, nor are properties in foreclosure, wouldn't that tend to make the NAR inventory number smaller than reality? Or does NAR calculate inventory without strict regard to the listings?
CR,
When I called Time Warner this morning, their recorded message said they had a special deal if I added phone service to my package. ROFLOL. Then I'd really be isolated! At least I could make phone calls this AM.
Hahaha!!!
I remind the Comcast people every single time I have them come out that I'm really happy with my old fashioned telephone. I'm nice about it, but I simply can't resist a good heckle when it presents itself, lol.
(Just put up a farm labor vs. farm wages chart on my homepage for those interested.)
Ah, the perfect "customer service plan" - get them to put everything on one line (phone, internet, TV, etc.), and then cut the line! Or, when the line fails, smile smuggly as your newly hosed customer can't even contact you to complain! Now, if we could just get rid of your cell phone... hehe...
Seriously, I cannot wait for the coming real estate storm to hit Maryland full-force. The people here are some of the most stuck-up and clueless people I've seen. Everyone has to have a 4,000 square foot McMansion, real estate "always goes up because of DC," renters are less than human, if you don't have a Lexus, Mercedes, etc. you're nothing, etc. Too many yuppies with too much debt and not enough common sense. A good old fashioned housing crash may adjust their attitudes.
Pondering the Mess,
I ran across this article when looking into farmland prices. You might be interested. It talks about Maryland specifically.
Market cools for farmland, but prices still rising
Despite this year's more modest gain, the cost of farmland remains still the biggest threat to agriculture in Maryland, said state Agriculture Secretary Roger L. Richardson.
"Farmers need to be in operations where they can make the highest profit per acre of land," Hanson said. "Grain farmers can't afford to buy land. It does not produce enough revenue to cover the cost of the land."
"Note: I'm posting from the local library."
I congratulate you on being able to find an open public library in San Diego County...
Press Release:
National Community Reinvestment Coalition Files Discrimination Complaint Against Wall Street Securitizer and Subsidiary Mortgage Originator
"NCRC has filed a civil rights complaint against Morgan Stanley... that alleges redlining..."
National Community Reinvestment Coalition Files Discrimination Complaint
Pondering the Mess:
Sir, you need to do a little leg work.
Get a street map of your neighborhood, a RealtyTrac map of houses on the market, (Resale, REO, Auction, PreForeclosure,) and a MLS print out.
Then drive around. It is clear that the real estate storm has hit Maryland full force, the Ivory Tower and USSA stats are just rear view mirror views, something like what one would see just after having driven off the cliff.
--
Hello CR,
Unless my eyes are deceiving me, the bar for Aug'07 Sales shows 5.75M rather than 5.5M. Please check you table entry.
Thanks.
Jas
Pondering the mess: all depends on where, exactly, you are. I live in Northern College Park, a pretty stable, working class neighborhood where contractor vans outnumber Lexi. Bethesda-Chevy Chase it isn't. Of course my neighborhood is going to have house prices HAMMERED in the next few years. There's simply no way that people are going to pay North of 300k to live in a small house inside the Beltway in PG. Of course even on my street, there are a few BMWs, but they don't dominate. And there's the guy a block over who had a deuce-and-a-half in his driveway until recently. Now that thing made the Hummer's look like Jeeps.