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Answers (4)
- blub blub blub
- Contributions:145
50 states....8 cities. Hardly the majority of markets.
- hpvanc
- Contributions:2579
blub blub blub,
They shouldn't be hard to find per Case Shiller indexes in these markets where the index is down 50% in Nov.-11:
Las Vegas 61%
Phoenix 56%
Miami 51%
Some areas (pockets and far flung suburbs) will meet the qualification in these markets that are down at least 40% from the peak:
Tampa 47%
Detroit 44%
San Francisco 41%
Los Angeles 40%
San Diego 40%
That would be 3 markets that are below 50% of peak and 5 more markets that are at or below 60% of peak values. Case Schiller so only 8 of the 20 markets in the Case Shiller composite. If you are a glass is half full person, this glass is a little over half empty.
They shouldn't be hard to find per Case Shiller indexes in these markets where the index is down 50% in Nov.-11:
Las Vegas 61%
Phoenix 56%
Miami 51%
Some areas (pockets and far flung suburbs) will meet the qualification in these markets that are down at least 40% from the peak:
Tampa 47%
Detroit 44%
San Francisco 41%
Los Angeles 40%
San Diego 40%
That would be 3 markets that are below 50% of peak and 5 more markets that are at or below 60% of peak values. Case Schiller so only 8 of the 20 markets in the Case Shiller composite. If you are a glass is half full person, this glass is a little over half empty.
- blub blub blub
- Contributions:145
They are looking to feature a few homes that are currently listed for around of half of their last sale price.
Key word here is "FEW" Most markets are not down by 50% I certainly hope that this program does not give buyers the idea that they can get houses for half of what they once were.
Key word here is "FEW" Most markets are not down by 50% I certainly hope that this program does not give buyers the idea that they can get houses for half of what they once were.
- northwest
- Contributions:215
Sad news for the seller depreciation-wiser, but great gimmick if the house really needs to get sold.
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