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

To: Lizzie Tudor who wrote (77907)	5/20/2007 10:41:16 PM
From: Moominoid	Read Replies (1) \| Respond to of 306849

Asking price is presumably what is in the MLS alongside the inventroy figures. Zillow's zestimates have risen around 3% for the last year for Santa Clara and San Jose. NAR has a 4.4% rise for existing single family: realtor.org SF-Oakland is 2.2%. Salt Lake City has 12.3% for example, so Northern CA could hardly be the strongest market in the country. My metro area even has 6.3% - Albany, NY.

To: Lizzie Tudor who wrote (77907)	5/21/2007 12:50:12 PM
From: gpowell	Read Replies (1) \| Respond to of 306849

If you recall I thought N Ca real estate was falling in the beginning of this decade where others like gpowell and some others who post here thought it was going up. But after about 04, when Google IPOd, we had an inflection point and are climbing again, thats my view. When the median price declines here then I will say prices are declining. But I want the actual numbers to tell me that. But that wasn't your view then, Lizzie. Anyone who cares to look will find hundreds of your posts on this thread during 2004 to 2006 saying Bay Area real estate was declining. In fact, in late 2005, you stated that you told “everyone” you know to sell their Bay Area home and rent. Here you are in late 2005 still clinging to the idea that real estate was declining Message 21675568 The fact is that I and several others (David Jones, Micawber, X Y Zebra, and Grace, to name a few), using median sales price and OFHEO repeat sales data, were telling you back in 2004/2006 that Bay Area prices were climbing again. Contrary to what you believe, no one here denied the slump of 2001/2002. Not then and not now. Any reaction to this post from 6/4/2004 Message 20192490 So now here you are years later finally accepting reality, but still clinging to the idea that you were always correct in your beliefs. Good luck to you and anyone naïve enough to follow your advice.