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Preview: Comments on: “Be Patient, And Steer Clear Of Idaho”

Comments on: “Be Patient, And Steer Clear Of Idaho”



Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.



Published: Sat, 23 Sep 2017 18:51:54 +0000

 



By: NAM

Sat, 02 Dec 2006 17:22:03 +0000

It's called the "island effect" in downtown the snow fell as rain but in the suburbs we had around 6" or more (depending which area of the suburbs) of snow. Roads were not cleaned off until past midday when the blizzard was finally gone.



By: yogurt

Sat, 02 Dec 2006 08:23:47 +0000

If the builder actually thought that prices would be higher in the spring, why would they be selling now?



By: aladinsane

Sat, 02 Dec 2006 01:35:38 +0000

Can't tell you about SLC, but I was in St George, Utah a month ago and the giveaway real estate listings guide, with oh so many listings, was about 3/4's of an inch thick... yikes~



By: finnman

Sat, 02 Dec 2006 01:23:38 +0000

wrong wrong wrong http://www.nysar.com/releases/oct06stats.html> New York housing market slows in October Albany – November 22, 2006 – Sales of existing single-family homes in New York state in October dropped slightly more than 7 percent compared to October 2005, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS®. The preliminary data showed a median sales price decrease of 6 percent compared to October 2005. The October 2006 sales total of 8,721 represents a 7.3 percent decrease from the October 2005 sales total of 9,403. The October 2006 total fell 3.1 percent compared to the September 2006 sales total of 9,001. The October 2006 statewide median sales price of $235,000 represents a 6-percent decline from the October 2005 median of $250,000. The October 2006 median did increase slightly, 1.1 percent, compared to the September 2006 median of $232,500. Sales gains were reported in 24 of the 58 reporting counties compared to September 2006, while 17 reported growth compared to October 2005. Twenty-six counties reported gains in median selling price in October 2006 compared to September 2006, while 36 reported gains compared to October 2005. “As anticipated, the New York housing market’s shift toward buyers, driven by an increase in available inventory, has slowed median sales price growth to single-digit gains,” said Charles M. Staro, NYSAR chief executive officer. “Housing sales, while slowing, still remain at strong levels in the state.”



By: passthebubbly

Sat, 02 Dec 2006 00:21:11 +0000

Big snowday my ass. We didn't even get 2" in the city.



By: GetStucco

Sat, 02 Dec 2006 00:19:02 +0000

I am sure you meant "prices" not "inventories." http://www.housedata.info/NY/



By: GetStucco

Sat, 02 Dec 2006 00:08:35 +0000

“It was only a matter of time before Utah caught up, Salt Lake City economist and Zions Bank consultant Jeff Thredgold. said. But going from dead last to No. 2 is ‘amazing,’ he said, noting Utah does not attract the same level of speculation as places like Nevada and Arizona.” No speculation? I was in UT last week, and heard plenty of stories about California speculators driving prices through the roof, and also homes listed at large multiples of market value which were sitting on the market for indefinite periods of time. And then there is the little problem that UT has basically no land shortage and no building restrictions. It is only a matter of time before UT catches up with falling prices in CA, NY, etc.



By: Blue Falcon the FBs

Fri, 01 Dec 2006 23:39:18 +0000

A soft landing in Salt Lake may have been possible a year and a half ago but not anymore. Some parts of SLC will crash harder than others and the crash will be a 6-12 months behind the rest of the country but SLC will still crash and burn. It is different in Utah but not when it comes to economics. not sure why my posts aren't showing up.



By: Blue Falcon the FBs

Fri, 01 Dec 2006 23:27:48 +0000

A soft landing in Salt Lake may have been possible a year and a half ago but not anymore. Some parts of SLC will crash harder than others and the crash will be a 6-12 months behind the rest of the country but SLC will still crash and burn. It is different in Utah but not when it comes to economics.



By: RE_ONLY_GOES_UP

Fri, 01 Dec 2006 23:08:02 +0000

Fianlly some data on SLC. Guys, you should remember the last time CA tanked SLC had a great run. SLC has had some great appreciation. I do think this is probably the only city in the US that will experience a "soft landing". By the way, Sugarhouse has some "slummy" areas, but those are the areas near Liberty Park. Stay east of 13th S and you get into some very nice areas.



By: NAM

Fri, 01 Dec 2006 22:24:14 +0000

oooppss (that's what happens when you type in a tiny laptop keyboard!) what I was saying...Prices of those TH in the far west suburbs will decrease even more next year...they are building thousands of them in this area...I know ppl are moving further and further away from Chicago but...not so many!



By: NAM

Fri, 01 Dec 2006 22:21:54 +0000

Today I am working from home (the big snowday in Chicago). I am listening to the radio and they just aired an ad for TH in the far west suburbs: a December big sale (now they sell townhouses like cars!). The woman playing the role of a buyer said that she didn't know whether to wait to spring to buy or not...anyhow she saw the sales and save thousands of $ buying now instead of in Spring with the big increases on prices (!!?). Yes, they said (in the commercial) that actually prices will increase next spring...they are just crazy! Prices of those TH in the far west subur