By: Real Trader

Real Trader — Tue, 04 Dec 2007 07:31:14 +0000

This is a sure sign real estate will bottom soon. Whenever the vast majority see it one way, the markets always head in the other direction. If everyone was always on the right side of a trade we’d all be rich. If the bulls far outweigh the bears in anything it’s time to jump ship. When the bears outweigh the bulls big time, like now in the housing market, it’s time to buy.

By: Observer

Observer — Tue, 09 Oct 2007 13:55:03 +0000

I believe they do not count the inflation (which is what – 3% per year?). So the real value drop is even higher.

By: Shannon Lefevre

Shannon Lefevre — Tue, 09 Oct 2007 03:08:05 +0000

Great this is a perfect way to get blamed for the stock markets problems too!

By: scott

scott — Fri, 05 Oct 2007 06:12:03 +0000

This is pretty frightening, if this portends what will happen during the next 5 years. I would have thought demographic
drivers such as minority growth, immigration, and such would have made up for the slowdown in less than 5 years,
especially in heavily hispanic California and Florida. Notice how Dallas and Houston is not on this list. I think Austin
would not have had enough population to qualify, but obviously would not have made it on any basis, as hot as it is.
This chart says several things….one, 7 out of 10 are on the coasts. This infers that the slowdown is isolated to the coasts for the most part, and is hardly a all-encompassing thing. Second, there is not one city from the south on the list.
No San Antonio, Dallas, Houston, Atlanta, Nashville, Memphis, Little Rock, Charlotte, Raleigh-Durham, or even New
Orleans. This says that the south not only escaped the overinflated values on the coast, but has the strongest and fastest
growing economy in the nation. Workers can’t afford to live in California, and companies can’t afford the taxes, so all
internal movement of companies is going south, literally. When Japanese auto companies look to build new plants,
its always south, ususally deep south. Tennessee is resurging. The Carolinas are smoking. Atlanta is very much holding
its’ own. Texas, as we know, has the best and fastest growing job market in the south as well. In a nutshell, the south
is the winner here, and, if this prognostication from the Merc is true, will be for at least the next 5 years.
And yes, Austin will be very much in the catbird’s seat with the rest of the south in all this as well………

Comments on: Traders Bet That Home Prices Will Fall 10%

By: Real Trader

By: Observer

By: Shannon Lefevre

By: scott