Thread: Housing Market News

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Home Price Erosion Will Continue

The chart in this article clearly tells the story. There is little doubt that this crisis is far from over.

//seekingalpha.com/article/77092-john-hussman-home-price-erosion-will-continue?source=patrick.net

Sad Housing Story

Check out the front page of the USA Today, that is so sad.

New readers should go to Patrick.net and read the article concerning buying a home.

Agree or Disagree, this article may change the way you approach buying a home in the future.

Stay informed!

Good Luck.

Also read the page listed below:

//patrick.net/housing/prices.html

These articles provide good background material that will allow you to make a more informed decision concerning buying or renting a house.

Give it a rest. I will save you time and tell you that foreclosures will continue to increase through September. We are running through subprime ARM resets where the buyer should never have gotten the loan. Alot of people are scared and comming in here and running off multiple posts isn't going to help people make an informed decision. So, please don't continue with your "the sky is falling" series of posts. If you are really trying to educate people on the housing market then a single post would be sufficient. If you are trying to induce a fire sale that you can take advantage of then don't spout your poison here.

Jamesww,

Welcome to the thread!

Since you represent the real estate field, please tell us more.

I am just providing information, so readers can make informed decisions.

Educated buyers buy homes they can afford, thus limiting housing price bubbles.

Please tell us:

How much do yuo think prices must decline to bring buyers back into the market?

How long will it take to clear the glut of homes currently on the market?

What are your projections on when the housing market will hit a price bottom?

How long do you think it will take the housing market to return to a normal state?

We all know it is somewhat different from local market to local market, but generally speaking what are your thoughts?

We all look forward to your reply.

For those who enjoy interactive media.

US Housing Price Roller Coaster:

http://www.dvorak.org/blog/?p=10758

All home buyers should be requried to study this chart before signing the papers or take a ride on the roller coaster.

http://www.investingintelligently.co...ome_values.png

You must do your homework!