WILL YOU SHUT UP??? YOU'RE DEPRESSING ME!!! :-)
Santa Clara County home prices hit record high
By Pete Carey
Mercury News
Home prices in Santa Clara County jumped to an all-time high in November, hitting a median of $715,000, while a slowing pace of sales suggested the region was returning to a more balanced housing market.
mercurynews.com
See?
Home builders: Gradual slowdown expected in 2006
BUT THEY PREDICT HOUSING MARKET REMAINS STRONG
By Danielle Reed
Dow Jones Newswires
NEW YORK - In the big real-estate debate of 2005 -- whether the bubble will burst or the air escape gradually -- the largest U.S. home builders all appear to be in the latter camp.
At the New York Society of Security Analysts' 9th annual home-building industry conference in Manhattan last week, analysts and chief executives of large public builders such as Toll Brothers, Beazer Homes USA and Standard Pacific all said that while they anticipate slightly slower building activity in 2006, the housing market will remain fundamentally strong.
``I think there's truth to reports that markets are not as robust as last year or the year before,'' said Toll Brothers Chief Executive Robert Toll. But any slowdown has to be put in perspective, he added. For the past two years, home-building activity has been off the charts, as interest rates have remained at their lowest levels since the 60s.
mercurynews.com
Everything is just fine. Except maybe down in Kiwiland. We'll probably buy that for 5 cents on the dollar next year and make it a territory. :-) |
