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

To: tejek who wrote (29489)	7/18/2011 11:53:02 AM
From: The Reaper	2 Recommendations Read Replies (1) \| Respond to of 119362

All I can say is that a state as rich as CA is in terms of its resources and climate should not be the mess it is in. I agree wholeheartedly with that assessment. Of course the world was saying that about Brazil for how many years?

To: tejek who wrote (29489)	7/18/2011 12:03:02 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 119362

On topic post of the day............. dailyfinance.com Home Sellers Need to Chop Prices Even Further Than They Realize If you congratulated yourself for buying a home after the housing bubble burst, but now are having trouble selling it, the answer is probably in the price. Current sellers who bought their homes in 2007 or later have overpriced their homes by more than 14%, according to an analysis of listings by Zillow.com. The analysis also found that buyers who purchased a home before 2002, have their homes priced 11.6% over market value. Buyers who bought between 2002 and 2006 have their homes listed 9.3% above current values. "Post-bubble buyers seem to believe they escaped the worst of the housing recession, as evidenced by how they price their homes today," said Zillow chief economist Stan Humphries. "But 2006 was just the beginning of the housing recession, and it is continuing in earnest to this day. That means that even people who bought after the bubble burst need to break out the pencil and paper and do serious research into what has happened in their market