Are you feeling it?

The market it really popping with activity of single family residential buyers, are you feeling it?
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April 19 2011 - Longview
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well, I'm feeling something.....but I thought it might be the food I ate last night.

:)

(sorry, couldn't resist)
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April 19 2011
Profile picture for Dunes....
Longview/Kelso Wa. is popping with Buyers?..

How about Sales....are they popping with Sales?..

What activity is popping?......What's is your definition of Popping?



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April 19 2011
Orlando is popping with sales. Inventory is dropping every day. We have less than a five month supply. Properties listed under the median sales price have less than a three month supply.
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April 19 2011
What's popping?  Corn?  Balloons? Bubble Wrap? (Love popping that bubble wrap!).

Please tell me its not buyers or even cities.....that would be disturbing!

I think we need to stop the popping, the imagery alone is too much for me.
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April 19 2011
Profile picture for hpvanc
Here's hoping that transactional volumes and sales prices return to economically healthy norms. 
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April 19 2011
Popping with buyer activity isn't what I'm seeing.  What I'm seeing is the start of what appears to be a standoff.  Owners are unwilling to sell at present day market values thinking the start of a real estate recovery must be near and buyers aren't buying, for fear we're nowhere near the end of declining property values. 

Who's right?

   
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April 19 2011
Profile picture for hpvanc
"If government loosens lending regulations, it will help the market bring back ownership"
Or we could let a free market decide and stop having the government favor one group over another.

I hope that Sergio is wrong, but fear that he is right.  The present day economic environment IMO is such that we need volumes to increase and prices decline for the health of the general economy
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April 19 2011
reforu, many times people will quote prior posts to comment on them.  Its not an insult.
At least in this case :)
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April 19 2011
Profile picture for sunnyview
Loose lending regulations are one of the things that caused the mortgage meltdown. Hasn't that been a problem for the entire economy?

http://www.federalreserve.gov/newsevents/testimony/duke20090325a.htm

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April 19 2011
Profile picture for hpvanc
No Reforu there is not a problem with your statement.  I merely quoted you and respectfully gave my opinion on the statement.

I will reiterate what I am hoping for, transaction volumes that are economically healthy at prices that are economically sustainable.  In my opinion the healthy level is the one that does not require government intervention. Maybe Mike is experiencing that.
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April 19 2011
Profile picture for Pasadenan
Popping with activity?  According to Zillow's local pages, Longview had 65 sales last April.  52 sales last August.  39 sales last September.  38 sales last October.  38 last December.  37 Sales this past January.

37 Sales in February.  March numbers not compiled yet.

So, let us know how that works out for you in 3 months.

According to Zillow, median list price in Longview fell from $180k in July to $156k presently.  And Sold price fell from $174k in September to $148k in December and is presently $157k.  And 73.5% of homes are still being sold at a "loss".  Sale to list price ratio fell from 96.7% down to present 95.7%.  Percent of homes that have been foreclosed has been rising.

The only thing I'm "feeling" is "propaganda alert".
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April 19 2011
 
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Are you feeling it?
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April 19 2011 | 11 answers
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