Real Estate Outlook: Positive Signs Reported Again

so has the NAR

> so has the NAR

lol.

Its a miracle, sales volume is 7% (whoah!) off a huge low. Thats not even a dead cat bounce, thats like a dead cat banging its head against the floor.

And NYC is only two years behind this economic miracle!

woo! hoo!

You don't go from bad to good overnight.
7% increase is better than -7% decrease.

what are you talking about? realtytimes would prefer doom and gloom. doom & gloom sells!

"confirm the view that existing home sales hit their cyclical bottom in January and are likely to continue to rise in the coming months."

Key statement..."continue to rise in the coming months.".

> You don't go from bad to good overnight.

I agree with that... mr "buy now" seems to miss that point, and has been calling for a "stampede" for a year now.

> realtytimes would prefer doom and gloom. doom & gloom sells!

another lie. brokers pay for the media. they want sales.

no wonder SteveF doesn't know squat... he thinks the brokers are being honest!

Prices in Zillow continue to improve all over long Island. I'm not sure how they get these numbers, but it's something i noticed over the past few weeks and should have a direct affect for prices in NYC too.

"Kenneth R. Harney writes an award-winning, nationally-syndicated column on housing and real estate from Washington, D.C. He is also managing director of the National Real Estate Development Center, a professional education company. He is a past member of the Federal Reserve Board's Consumer Advisory Council, a committee that by federal statute reviews all Fed actions on home mortgage, consmer credit and banking industry regulation.

"He served as a member of the U.S. Department of Housing and Urban Development's Working Group on Computerized Loan Origination (CLO) systems, and is a member of the Editorial Board of the Fannie Mae Foundation's journal, Housing Policy Debate. He is the author of two books on mortgage finance and real estate."

Let's see - what a great job he did at the Fed and Fannie Mae!

"I'm not sure how they get these numbers, but it's something i noticed over the past few weeks and should have a direct affect for prices in NYC too"

Funny, after two years of bulls saying the numbers outside nyc have nothing to do with nyc, they go up and suddenly we're completely interlocked.

I guess you're from the steve school of hypocrisy...

"He is also managing director of the National Real Estate Development Center, a professional education company. "

Yeah, no bias there.

"Founded in 1981, The National Real Estate Development Center creates professional education programs and publications designed to assist the full range of disciplines involved in real estate including mortgage lending, legal, development, tax, accounting and finance."

Hmmm.... works for the lenders, lawyers, and the folks who only get paid when things are sold. mmm, mmm.

And this from the scmuck who went after Noah for being biased! Yet he eats up any bull fluff like its candy!

"Prices in Zillow continue to improve all over long Island. I'm not sure how they get these numbers, but it's something i noticed over the past few weeks and should have a direct affect for prices in NYC too."

You mean the selling prices or Zestimates? Because you can take the Zestimates and wipe your butt with them.

yeah, alpo got pretty pissed when zillow told him his house was worth half what he paid. that happens with swampland.

Zillow never told me my house is worth less than hal what I paid. Right now my Zestimate is about 15% less than what I paid. No tthat long ago, it was $84,000 MORE than what I paid.

Has Zillow been over at your house?

Yes, The CEO of Zillow personally flew from Seattle to Bergen County to view all the houses here.

(of course nobody from Zillow has been to my house, DUH)

Although the people from Google have been to my street as my house in featured in the Google Street view feature.

Go to trula.com and type in any Long Island neighborhood. I put in Mineola and this is what i got:

Average price per square foot for Mineola NY was $278, a decrease of 16% compared to the same period last year. The median sales price for homes in Mineola NY for Apr 09 to Jun 09 was $420,000 based on 7 home sales. Compared to the same period one year ago, the median home sales price decreased 14.2%, or $69,500, and the number of home sales decreased 68.2%.

There are currently 129 resale and new homes in Mineola on Trulia, including 1 open house. The average listing price for homes for sale in Mineola NY was $387,976 for the week ending Jul 08, which represents a decrease of 3.7%, or $14,891, compared to the prior week.

You have to click on the stats and trends tab after you type in the neighborhood. Try it, it's fun.

"Although the people from Google have been to my street as my house in featured in the Google Street view feature."

I Googled alpine's house and got nothing but a picture of LICComment.

How could that be?