Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (5616)	9/26/2002 6:21:46 PM
From: Rob Fritz	Read Replies (1) \| Respond to of 306849

Do you have any idea how they arrive at the price figures? Is it from sales prices, listed prices, or what? I see reports in the Mercury News which just uses the price of those sold, so if last year a single million dollar house was sold and this year a 2 million one, they report prices rose 100%...Just curious.

To: Lizzie Tudor who wrote (5616)	9/26/2002 8:17:08 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

...Monterrey or San Diego are holding us up... Yes those and many others. It's all segmented into cities or regions but you mean the lowest number of sales in SV the past 8 years. Now I'm just north of you and sales are still hot. Signs go up/sale pending/sold. Place right down the street for 729k sitting on bricks took an offer after 3 days on the market and sold for asking. Not that that means anything other than it gives me have a warm fussy. It could be a loser and probably is for someone like myself. I expect to make money and that joint is someone's dream. And I mean dream because it needs work. It hasn't fallen over yet though there are four by four's holding the exterior brick work up. Looks like the foundation is rolling over on that exterior wall. Just get earth quake coverage and hang on I suppose. On the flip side "pun intended" it has great location on a large lot, 22k sq ft. A real turkey? Have to wait and see.

To: Lizzie Tudor who wrote (5616)	9/29/2002 1:31:53 PM
From: larry	Respond to of 306849

Lizzie, Let's see what the next round of vicious high paid job layoff will be to the housing market. Hard to believe that companies like SUNW will survive without massive layoff in the next 6-12 months. I live in Boston area and we are estimating a loss of 20-30k (at least) high paid job within the next 6 months (3k from Fidelity, 3-4 k from Lucent, along from the likes of Nortel, EMC, Novartis (yes, even Novartis is laying of 4-500!), baby bells, other financial institutions...etc...). It will be interesting to see what a 10k (or more) vocated houses will do to the red hot housing market in the Boston area. larry