US home sales, prices to slip more this year-NAR
NAR Predicts Home Price Gains in 2008
Ok... I guess NAR has it so refined that they can predict that home prices will fall for the remainder of 2007 and start to rise again in 2008. That is a little bit presumptuous, huh?!?! Can we define the markets that finely?
Who writes this stuff? Who in the heck found my crystal ball(er... magic 8-ball) that I keep under my desk? Who decides that prices will slip and fall, only to get back up again?!?!!? And who decided that the houses won't "fall and can't get up'?
Here in The Great State of Texas, home prices are pretty steady from my vantage point. Although we are in a bit of a buyer's market, we haven't gone into the tank!!!! You see..... we have LAND. Land to build more homes if we run out of inventory..... so we didn't have a bubble. We are in a buyer's market only because of the market correction on wall street regarding Subprime and Alt-A Mortgages. But we aren't in a slump!!!
Builders are discounting to get rid of inventory... that hurts. People have foreclosed due to their personal decisions regarding Adjustable Rate Mortgages, and that hurt. But all in all, we are doing pretty well. So, come on down.... take a look at the joba and housing. We will make a Texan out of ya!!!
Tom Burris
DallasLoanGuy.com
Bryant,
My point exactly. Here in The Great State we don't have the 'bubble' so we get people talking bubble here when it doesn't apply.
Thanks for stopping by
Tom.... come on man, you don't know how to do this? It's 50/50.... lol It just depends on what side of the fence that I jump on. I have a 50% chance of being right.
Sure... there are trends... there are stats that can help. Research... but I agree with you. How can they come up with this when things point to other positive numbers. And a fyi, the NAR sometimes seems to be behind on its stats.
Thanks Loretta.... We are busy here in the 'Great State'
Um, er, Jeff..... Did you have waffles for breakfast?!?!!?
Tom.... why, are you making me waffles? Oh, that should be easy, just plop in some Lego my Eggo waffles. ;o) Just as we ate as kids. But you know what? I had 2 on vacation last week because of my nieces and nephews. Not good... lol I prefer the restaurant waffles.
And I just watched Fox news this morning that talked about NAR and their predictions, just what you mentioned. They all just bobbed their heads. ;o)
You haven't had a waffle.... unless you have had a 'Pecan Waffle'
mmmmmmmm
no.
but i do need my lawn mowed
What if I don't want to be made a Texan?
:grin: