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May 1, 2013 9:47AM
Miami market proofed that this projection is WRONG! Prices keep increasing in Miami. You can not even get the price of 3 months ago now. We have big inventory problem in the market. http://dailymaiminews.com
Jan 3, 2011 2:08PM
Its becoming apparent that very little rresearch is put into these articles.
Sep 29, 2010 10:54AM
This article is silly nonsense, really below grade for MoneyCentral - just plug in some formula, don't check it against reality, then get some nice pictures and slap it on the page.  For example, Bend, Oregon - as a poster said, second homes with a lot of minimum wage jobs, or the Detroit Metro area - wow - a 30% increase - from home price of $55K to what, maybe $71K?  And that's after tanking how much in the past ten or twenty years........
Aug 12, 2010 10:31AM
Perhaps I have too many memories of another time, but for everybody's sake, can we not gleefully hope that the future will bring us more way over-priced homes.  I don't care what the 'location', a 1910 house, with a good paint job and new appliances is still a 1910 house with 10' by 11' bedrooms, and next to no closet space.  If I've got $500.00 ot spend, I want the most bang for my buck ---- no matter where it is. 
Aug 12, 2010 8:54AM

This was written in may of 2007 by Michael lovas just and exerpt but still verry true just wanted to share


Demand for Homes

Among professional economists and media analysts who believe the U.S. housing market is near a bottom, few have identified expected sources of increased demand. Bloggers paint a picture of demand across four segments: 1) first-time buyers; 2) second-home (vacation) buyers; 3) investors/flippers, and 4) traders.

Although traders account for the majority of existing home sales, they have little impact on the supply-demand balance because they sell one home to buy another. As the market has cooled in late 2006 and 2007, investors/flippers have become scarce on the buy side. Vacation buyers remain plentiful, but bloggers believe this segment will dump more net supply on the market than it absorbs over the near term.

That leaves the most pivotal segment of all, first-time buyers, who provide liquidity for traders, investors and flippers. In normal markets, demographic trends suggest that about one million first-time buyers per year flow through the pipeline, with an average age of first purchase in the early 30s.

However, bloggers believe that there are fewer qualified first-time buyers available today than there should be because “the pipeline was raided” in the buying frenzy of 2004-2006. Many first-time buyers were lured into an overheated market with easy credit, even though they weren’t qualified to buy. Now, having been steered into costly subprime mortgages, a growing number face foreclosure. With their credit in tatters and tighter credit standards in place, this “lost generation” of former homeowners may not be able to re-enter the buyer pool for years.

U.S. Census data supports the view of a depleted first-time buyer pipeline. Homeownership rate among householders less than 25 years old increased from 21.7% in 2000 to 25.7% in 2005. Bloggers believe it will take several years to rebuild the pipeline of qualified first-time buyers to a normal level. They also believe professional economists and analysts have consistently and inexplicably missed the importance of the depleted first-time buyer pipeline in trying to explain why buyer traffic has been so thin this spring. It isn’t the weather!

Aug 12, 2010 8:23AM

I have never read such GARBAGE in my life. Currently there are more than 6 yes 6 million homes currently in some level of foreclosure. Inventories have been muted by the lenders as they would rather let this drag out for years and try to sustain a false value in the market by not letting this 6 million home supply come to the market quickly. They say lets modify and hang your 400k mortgage around you neck while you live in your 200k value home(Stupid Stupid Stupid)

What about the baby-boomers this article says it has looked at the demographics. Fooy they have not 80 million baby-boomers drove the market up starting in about 1972 to a peak in 1980 than a FIVE year down turn only to peak again in 1990-1991 then to fall for FIVE years again. Why do we continue to believe that 3 years into a downturn that we are at the bottom when history tells us FIVE is the norm. Also who will provide this new demand??? First time buyers will decline in population over the next 10 years by roughly 50% At the same time the baby-boomer are likely to sell their home to pay for care or to distribute to heirs upon death. So SUPPLY of 6 million in foreclosure and potentially millions of baby-boomer selling over the next 20 yrs Where is the demand that will eat this coming supply and as this article says increase value I seriously DOUBT it. What ever you do don't believe a word it is all Garbage.  20 Yrs Realtor 12 yrs as an Appraiser for Fannie and Freddie I say again don't believe a word. 

Aug 12, 2010 7:22AM

Locals in Central Oregon will not be buying the houses. 


The houses are purchased by people  who sold their homes elsewhere for a million or more, move here into a $300K house and live off their investments.  Some buy the $100K houses for rental income.  Not one of these newcomers brings in a business that provides a decent living wage and/or benefits. 

Aug 12, 2010 7:04AM

Yes my state is going to get betterSmileSmileSmile

Aug 12, 2010 5:42AM

Isn’t this the same list of housing markets that were reported last month to be the hardest hit by the recessive, depressing, river of sh**t we now call an economy? Oh I get it, if a regional market falls really fast, that means it’s going to bounce back faster too.


Question, how do you get something back that never really was? Are you still hanging on to  shares of Enron and [you name it].com too?
Aug 12, 2010 5:39AM
what ****. I will never trust a real estate agent. Who do you think wrote this article? You would be a **** to move to Oregon and California since they are the biggest liberal states. The people who wrote the article must own homes in those states and county's. Real estate is Dead. Market value is not going to go up. When will the rates go up? It is the only answer to the problem. My home in under water and i can't refinance cause of it. Just remember REAL ESTATE IS DEAD. Don't buy a home just rent.
Aug 12, 2010 5:14AM
This is like playing lets pretend. People have to be put to work in real jobs before all the lets pretend happens in 2012-14. Many things will happen and change not the world coming to an end either. People should start bugging their representatives for corporate tax cuts to attract business to the USA. If other countries hit us w/tariffs nail 'em' back. We need more flexibility in these decisions not passing bill's (gas) and waiting till the cows come home. By then it's too late. We need more straight up and down votes and take note of those who get in the way. If not have not's will be a big drag along w/taxes for all debt on this economy. Then all those rosy numbers will like poop.
Aug 12, 2010 5:08AM

As my cynical name suggests, I disagree.  I lived in Vancouver, British Columbia for five years.  Which means I know the climate of Washington and Oregon.  It is miserable the worst, most unpleasant climate in the United States.  Washington has industry, it has indoor entertainment, so I can see it taking off.  However, Oregon should not be on this list.  It has no jobs, it has no indoor entertainment, and it is hours  away from any winter activities.  Vancouver and Seattle are the only nice areas in the Pacific Northwest, and they are very depressing due to the weather.

Oh, by the way, I have met MANY people who left Detroit because they hated it.  AND all of the people I know in Detroit hate it.  Old and young, Germanic and African American, everyone I know hates it.  By the way, haven't you heard?  GM makes its cars overseas, now.

And Anchorage?  Please.  What's in Anchorage except a pretty view in summer?

OMG, WYOMING?!  Who the heck wrote this article?!

Aug 12, 2010 3:17AM

PS...we have 19-year old vagrants from EVERY part of the country coming here to work for $27 an hour.  Could YOU live on that?

Come join us!Smile

Aug 12, 2010 3:15AM
Come on! The only reason these places ranked highest is because they had record foreclosures! People lost their houses and now real estate agents are trying to sell them to someone else. Bad news: there aren't enough people out there with money to spend...except illegal aliens who stole our jobs, of course. I now hate liberals just as much as I've always hated conservatives. Both are equally to blame for all this.
Aug 12, 2010 3:12AM

Here in western North Dakota, we have exactly the opposite.  With the oil boom and our general robust economy, we have 100k homes worth 100k selling literally for twice as much.

Good for sellers, not so good for...

Aug 11, 2010 10:06PM

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