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 : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: valueminded who wrote (55286)	8/24/2006 9:23:50 AM
From: orkrious	Read Replies (4) \| Respond to of 116555

08/24 9:13A (DJ)*DJ Justice Dept Informs Fannie Mae Probe Is Discontinued

To: valueminded who wrote (55286)	8/24/2006 2:10:52 PM
From: regli	Read Replies (4) \| Respond to of 116555

I just came across some nationwide figures from the census bureau for new home sales. Here is an amplification of my point yesterday that the high-end is less affected than the medium and low end at least in terms of numbers. I haven't found any data on price (yet). census.gov EDIT <500K >500k 2005 2nd quarter 314,565 36,666 2006 2nd quarter 277,885 35,577 Drop in Sales 11.66% 2.97%

To: valueminded who wrote (55286)	8/24/2006 2:53:14 PM
From: regli	Read Replies (1) \| Respond to of 116555

And here something about how people offer incentives that are not reflected in the sales price <g>: miami.com "... “Selling a house has come to this: offering a new X-Type 3.0 Jaguar to find a willing buyer. For five months, Victor Peralta tried to sell his four-bedroom home in Miami Shores. Twice he lowered the price, by $150,000 in all, yet only two people stopped in to see it. Now he’s dangling the keys to a $32,000 car before buyers’ eyes. ‘I had to do something,’ said Peralta, whose house now lists for $1.075 million.” “Peralta isn’t giving up hope. ‘The market is so bad,’ Peralta said. ‘I would have open houses and no one would show up. I hope by adding the car it works. If not, I guess I will have a new Jag.’” As you know there are lots of other ways, all of them not affecting the official price!

To: valueminded who wrote (55286)	8/24/2006 3:20:06 PM
From: John Vosilla	Respond to of 116555

Atlanta should benefit from tons of refugees from bubble markets who cashed in their chips, from the young starting out due to excellent opportunities and affordable RE and from corporate relo and expansion due to very low cost of doing business versus many competitors in the NE, FL and out west..That said foreclosures are at very high levels, overbuilding continues and the use of toxic loans and loose underwriting will all be in combination the downfall of many there too that can get very ugly in either a serious recession or large increase in interest rates..