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Tuesday, August 18, 2009 10:44:01 PM
I do believe this is the same indivdual that made the forecast on gasoline going to $8 a gallon by Decmber 2008.  Need I say more...
Wednesday, August 19, 2009 2:43:07 AM
Of course there will be a rebound in 2012, obama will be on his way out!!!  That is not very hard to predict.
Wednesday, August 19, 2009 4:07:55 AM

price will be increased for sure because, the real estate market as any other market is controlled by few people who have the money to invest, so if the previous houses price was only a bubble so, this bubble will be repeted agian and again.

Wednesday, August 19, 2009 5:08:41 AM
Does the data take into consideration  from market shifts due to foreign investors that are buying here currently...
mndls.com has seen growth in these areas that may not be apart of this study and understands that this is merely a forecast or prediction of the future like the weather channel did during the 04-05 hurricane season in Florida saying it was going to last for 20 years.
The fact is that more people will read bad news rather than good news, the good news is that here in Florida foreign buyers are buying homes that Americans are to afraid to buy because our news media reports bad news about the housing market.
Fact: New Homes being built in Florida today are being built to withstand most Hurricanes even though we have not seen one in 3 years.
Fact: The new home you want to buy in beautiful sunny Florida today but want to think about until tomorrow, someone else is buying today.

Wednesday, August 19, 2009 6:23:56 AM
Your photo of Philadelphia is several years out of date. There is not even a hint of the tallest new building in Philadelphia that was completed just last year. This photo is at least 4 years old. If you are to cheap, stupid or lazy to include and up to date photo of a city then why should anyone trust anything else about your reporting or predictions?
Wednesday, August 19, 2009 6:46:24 AM
Three years ago experts did not see this mess. Now they back at it "I see  the future". In my opinion they cant find butt in there pants let alone seeing the future.  
Wednesday, August 19, 2009 6:49:40 AM
I agree with you. (1) There is still about 3 years of loans which will "blow up" in the pipeline. When those are gone, the main cause of foreclosures will be over. (2) To state that "the market" will go in any particular direction is flawed because housing prices are influenced by factors such as location, rental costs, inventory available, etc. The market at $100,000 is very different from the market at $200,000 or $300,000. Generally, a family can afford what they earn in 4 years, i.e.: a family that earns $30,000 per year gross will qualify for a $120,000 loan with adjustments for debt. There are many more families in the 30K bracket than in the 60K bracket. More buyers means prices move up quicker at the lower end of the market. Before anyone makes a decision based on an article, they need to speak with an informed professional on the subject!
Wednesday, August 19, 2009 7:13:01 AM
I'm sorry to tell you, but President Obama will win a 2nd term.
Wednesday, August 19, 2009 7:46:44 AM
Callaway bird 617, Bless you man.  I'm sure deep down in your soul there is a man of God.  Just remember,  "Fear" will make you sick, and blind you with evil thoughts.
Wednesday, August 19, 2009 7:54:05 AM

I just closed on a home in las vegas nv and i will tell u the real estate market here has picked up. I was in bidding wars with other buyers. I would go to offer on a property that was only available for two days and they allready had over 30 offers. If you buy here right now be prepaired to offer 15k to 20k over listing price if you want the property or want to counter offer. Furthermore, H.U.D. recieved $25mill from the goverment to buy, fix up and sell foreclosed homes in less desirable ares of las vegas. They got the money and when they went to purchase homes they were geting outbid by investors. Their is a limit on how high they can offer. I believe it is 10% over listing price. I've seen prices raise here slightly

since i started looking. However forclosures still dominate the market.

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