NY went up 2nd most!

Also ignoring distressed sales NY was #1!!

Excluding distressed sales, the top five states with the highest appreciation were: New
York (+5.0 percent), South Dakota (+4.0 percent), Connecticut (+3.1 percent), North
Dakota (+3.0 percent), and Vermont (+2.7 percent).

super interesting report! i was expecting the beginning of the 2nd period of price declines by now, so got the timing right again. the thing that surprised me is the geographic dispersion. it's not only no more a story about subprime in the most reckless 5 states. the bust is expanding to prime and which state you live in doesn't matter as much.

"Price declines are geographically expanding as 78 out of the largest 100 metropolitan areas are experiencing declines, up from 58 just one month ago," said Mark Fleming, chief economist for CoreLogic. "

> The top five states with the greatest depreciation, including distressed sales, were Idaho (-14.0 percent), Alabama (-10.4 percent), Utah (-7.3 percent), Oregon (-6.3 percent) and Florida (-6.2 percent).

from those, only Florida is included in the top 5 bubble states. fascinating! this imho will be the best decade for renters (even better than the previous one).

Urban Digs, any commentary on this?

I'm wating for a "buy now or get priced out forever"!

sure, just with a new twist: "rent now or get priced in forever"!

I'm actually fairly neutral on where I see NYC real estate headed, I see prices staying fairly flat, but rents will certainly go up from shifting demand.

shifty demand

Okay, here you go: Buy now or be priced out forever! (I've wanted to write that for some time now.)

Shitty demand? More like diahrreal demand. Flmaoz yes nyc re flattish!!!!!' flmaoz.

so that means that you don't believe in whitney's 80k layoffs from the financials

i see the population of nyc dropping though, so no relevant increase in rents.

Riversider is a financial fking retard when it comes to his nyc coop.
Whoa, been wanting to get that off my hairless chest for awhile now.

WOW!
That was one fast recession followed by one quick of a recovery!
New York is the greatest!
No problems here! Nope Nope Nope not here, up up and away, that's the way we roll!
We are so smart to live here! The rest of the world roils in trouble, here it's flowers and good times.
RE should be double the price just to live amongst the smarties!

The biggest fool falls the furthest!

Notadmin, you bring up a good point, Should the job situation in NY change that would certainly have an affect. Right now the job growth in wall street has certainly flattened from earlier in this year. There are a few hiring freezes and a few equity based hedge funds are down sizing. Doesn't seem that's really a factor this year, but could be in 2011.

Excelsior!

... we should make that NY's motto.

Watch out riversider, that fall might break your hip!

Excelsior! It is.

When nycers meet each other on the street, we shall all acknowledge each other by shouting 'Excelsior!' make it so, sulu.

Stand back as I whip out my Longfellow....

The shades of night were falling fast,
As through an Alpine village passed
A youth, who bore, 'mid snow and ice,
A banner with the strange device,
Excelsior!

His brow was sad; his eye beneath,
Flashed like a falchion from its sheath,
And like a silver clarion rung
The accents of that unknown tongue,
Excelsior!

In happy homes he saw the light
Of household fires gleam warm and bright;
Above, the spectral glaciers shone,
And from his lips escaped a groan,
Excelsior!

"Try not the Pass!" the old man said:
"Dark lowers the tempest overhead,
The roaring torrent is deep and wide!
And loud that clarion voice replied,
Excelsior!

"Oh stay," the maiden said, "and rest
Thy weary head upon this breast!"
A tear stood in his bright blue eye,
But still he answered, with a sigh,
Excelsior!

"Beware the pine-tree's withered branch!

"Beware the pine-tree's withered branch!
Beware the awful avalanche!"
This was the peasant's last Good-night,
A voice replied, far up the height,
Excelsior!

At break of day, as heavenward
The pious monks of Saint Bernard
Uttered the oft-repeated prayer,
A voice cried through the startled air,
Excelsior!

A traveller, by the faithful hound,
Half-buried in the snow was found,
Still grasping in his hand of ice
That banner with the strange device,
Excelsior!

There in the twilight cold and gray,
Lifeless, but beautiful, he lay,
And from the sky, serene and far,
A voice fell, like a falling star,
Excelsior!

Geezzz....Look at the size of that thing!
That's why I need a big apartment!

Beware the awful avalanche!
Excelsior!

Wow, even Hank is a bear. Thanks falco.

good d... I mean EXCELSIOR falco!

that's why i'll continue to rent...

well these are YoY reports right? so its not surprising if Q3 2009 captured the worst of the downturn with deals closing from being signed earlier in 2009

apt23
about 2 years ago
Posts: 2038
Member since: Jul 2009
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Beware the awful avalanche!
Excelsior!
Wow, even Hank is a bear. Thanks falco.

apt23, how is Hank the bear doing lately?

uh, whoops...