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

To: Mick Mørmøny who wrote (45184)	11/28/2005 11:23:58 PM
From: Don Green	Read Replies (3) \| Respond to of 306849

SAN DIEGO – Luxury home values rose to all-time highs in San Diego, San Francisco and Los Angeles in the third quarter of 2005, a financial institution reported today. But while Los Angeles remains strong, there are signs of slowing in San Diego and San Francisco, according to the First Republic Prestige Home Index, compiled by San Francisco-based First Republic Bank I wonder how many now retired military servicemen who bought a house in the San Diego area back in the 60's-70's post Vietnam era while they were on active duty are now millionaires, purely based on their home value.

To: Mick Mørmøny who wrote (45184)	11/28/2005 11:50:12 PM
From: Proud Deplorable	Respond to of 306849

"in the third quarter of 2005, a financial institution reported today." So what? It's only in the last 3 weeks that the bottom has fallen out. Wait till you see Q4 LOLOLOL

To: Mick Mørmøny who wrote (45184)	11/29/2005 12:38:45 AM
From: Proud Deplorable	Respond to of 306849

Where the Market is Most Vulnerable "Hardly a week goes by without some new sign that the housing boom is finally over... ...The explosion in subprime lending, aimed at borrowers who do not have the income and credit standing to qualify for a conventional loan, accounted for an unusually large chunk of housing demand over the past 5 years... ...According to Bond Market Association figures on mortgage securitizations pulled together by analysts at JP Morgan Chase, subprime mortgage applications grew sevenfold from 2005 to 2005. Subprime loans now account for nearly 9% of all securitized mortgage debt... What's more, some 82% of that debt is in adjustable rate loans... ..It is clear that this part of the market would be especially hard hit and would amplify the expected slump in home sales in the part of the market financed by conventional mortgages... Where will the blow be the hardest? California. The state accounts for nearly 30% of US subprime lending..."

To: Mick Mørmøny who wrote (45184)	12/1/2005 1:01:48 PM
From: Mick Mørmøny	Read Replies (2) \| Respond to of 306849

Arizona leads in home price growth The latest home price data shows Arizona as the hottest state December 1, 2005 By Les Christie, CNMoney.com staff writer NEW YORK (CNNMoney.com) -- House prices continued to climb for the latest 12-month period ended Sept. 30, but the pace of their growth has slowed. According to the latest data from the Office of Federal Housing Enterprise Oversight, the average U.S. home price rose 12.2 percent year-over-year and prices climbed 2.86 percent from the second quarter. Every state showed increased housing prices. Home prices in the state with the slowest growth, Michigan, were up 4 percent. Nevada price growth slowed appreciably, down more than 10 percentage points to 17.6 percent from 28.6 percent. Among metro areas, Phoenix continues red hot; prices there climbed 34.4 percent. Cape Coral/Fort Myers prices jumped 33.2 percent, good enough for second place. For the first time since 2003, Nevada has no metro areas in the top 20. Las Vegas home prices grew 13.8 percent during the past four quarters, which placed it 77th. Mansfield, Ohio was ranked last among cities, with growth of just 0.8 percent. The next closest city, Greeley, Colorado, had growth of 2.2 percent. See chart for state-by-state rankings. money.cnn.com