Jeff Brinker

XYZ Brokerage

Email: jeff@xyzbrokerage.com

Phone: (206) 555-1234

Website: www.xyzbrokerage.com

Back to XYZ Brokerage

Back to Results

Tools

Ask a Question
Start a Discussion
Close
Create an Email Alert

Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.

This alert is for the following:

Topic:
UCLA Anderson Forecast: Home prices will drop another ...

How often would you like the alert emailed?

Frequency:

Immediately Daily Weekly
Maximum 20 emails/day

Save

Cancel E-mail alerts
RSS
Send to del.icio.us
Send to StumbleUpon
Print page

Partner Tools

Views: 455
US
State
Nearby States
- Alaska
- Alabama
- Arkansas
- American Samoa
- Arizona
- California
- Colorado
- Connecticut
- Washington D.C.
- Delaware
- Florida
- Georgia
- Guam
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Northern Mariana Islands
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Virgin Islands
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Don't see it?

Find:

UCLA Anderson Forecast: Home prices will drop another 10-15%

sponsored by

Aratinga
Contributions: 429

close

Contributions: 429

Q&A

:2
Disc

:427

View full profile

I can't believe I beat Aldreth to the punch on this.

The quarterly UCLA Anderson forecast, released today, predicts further price declines!

http://ap.google.com/article/ALeqM5iA_x2U43mx665nZhjIMFBTiQA8Ew

"Shulman also expects housing prices to plunge 10 percent to 15 percent before they start to recover, sometime in 2009.

"The small recent minimal declines represent not the end, but rather the beginning of what will be a very painful decline," he wrote.

Housing woes have already started to affect consumer spending and are expected to keep doing so through 2008, the forecast said."

September 12 2007 - US

RSS

Replies (16)

Aldreth
Contributions: 4233

close

Contributions: 4233

Q&A

:25
Disc

:3985
Photos

:223

Zillow All-Star

Since August 2009

View full profile

haha :P

Pretty much what I expected them to say.

September 12 2007

Nic Netherton, "ColoradoLender"
Contributions: 5856

close

Nic Netherton, "ColoradoLender"

Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 5856

Q&A

:926
Disc

:4904
Photos

:26

Zillow All-Star

Since January 2009

View full profile

Do you think that 10 - 15% decline will be more focused on the CA, FL markets or more nationwide?

September 12 2007

Aratinga
Contributions: 429

close

Contributions: 429

Q&A

:2
Disc

:427

View full profile

Although I don't have the actual report in front of me (you've got to pay for it), virtually all the news outlets are reporting on its content; the way the article I linked to reads, it seems that 10-15% figure is nationwide.

I personally would expect CA, FL, and other bubble regions to drop even more than that, since they certainly inflated more than that during the craze.

September 12 2007

Nic Netherton, "ColoradoLender"
Contributions: 5856

close

Nic Netherton, "ColoradoLender"

Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 5856

Q&A

:926
Disc

:4904
Photos

:26

Zillow All-Star

Since January 2009

View full profile

is it a secret report or what?

September 12 2007

Aratinga
Contributions: 429

close

Contributions: 429

Q&A

:2
Disc

:427

View full profile

It's a members-only economics think-tank at UCLA Anderson School of Management:
http://www.uclaforecast.com/contents/membership/membership.asp

September 12 2007

Aratinga
Contributions: 429

close

Contributions: 429

Q&A

:2
Disc

:427

View full profile

From their website linked above:
"The UCLA Anderson Forecast is widely recognized for its ability to predict transition points in both the national and state economy. We were the first major forecasting organization to predict the 2001 recession. Our December 2000 Forecast identified the first signs of weakness in the national economy while other blue-chip forecasters continued to make rosy projections of 3% GDP growth. This foresight is not unusual: The UCLA Anderson Forecast also predicted the previous recession in the early 1990s, warning specifically about the potential for severe downturn in Southern California."

September 12 2007

x0x0
Contributions: 532

close

Contributions: 532

Disc

:532

View full profile

Great stuff, Aratinga. Thanks. BTW I love your pic.

September 12 2007

Nic Netherton, "ColoradoLender"
Contributions: 5856

close

Nic Netherton, "ColoradoLender"

Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 5856

Q&A

:926
Disc

:4904
Photos

:26

Zillow All-Star

Since January 2009

View full profile

Ya thats what i was kinda wondering was if their predicitons were dealing with the downturn in socal or nationwide.....guess its all relative

September 12 2007

klarek the realist
Contributions: 6655

close

klarek the realist

Contributions: 6655

Q&A

:251
Disc

:6322
Photos

:82

Zillow All-Star

Since September 2009

View full profile

" Do you think that 10 - 15% decline will be more focused on the CA, FL markets or more nationwide?"

CA, FL, AZ, Northern VA will see the brunt of the declines, probably 20%-30%, while inland or stable areas like Raleigh will likely remain the same or possibly increase in a normal fashion. Just my opinion, but I think the 10-15% decline mentioned isn't across the board, and the areas that have been hit the hardest will continue to be hit harder than the stable areas.

September 12 2007

2 Big 2 Fail
Contributions: 12450

close

Contributions: 12450

Q&A

:7
Disc

:12271
Photos

:172

View full profile

Stupid question: There was a recession in 2001? Funny, that was a great year for me. Property values in my apartment building were skyrocketing and I made much more than I did in previous years! Was this recession before or after 9/11?

September 13 2007

optasia
Contributions: 134

close

Contributions: 134

Q&A

:9
Disc

:125

View full profile

10-15% is not a plunge. Show me 30%!

September 13 2007

Boudoin
Contributions: 20

close

Contributions: 20

Disc

:20

View full profile

SF bay has been quite resistant to downturn. It is showing ample signs of weakness these days.

September 15 2007

Roberto Ribas, "azrob"
Contributions: 8638

close

Roberto Ribas, "azrob"

Real Estate Agent

View my 1 listings

Contributions: 8638

Q&A

:1210
Disc

:7288
Photos

:140

Zillow All-Star

Since January 2009

View full profile

Every market correction takes "unexpected" turns...

even though I sometimes say how much I think homes will go down, it is really just a pure guess and so is this piece.

However, I do think, just like on the way up the cycle reinforces itself, it will do so again on the way down:

If home prices drop 20%, we will see a whole different species of foreclosures, people who just don't care anymore. Right now we are seeing foreclosures from people who can't pay their mortgage, but if you 500K home has dropped 100K, even if you could struggle and pay the mortgage, would you? Is the credit rating really worth 100K?

Let me put it to you this way: I would gladly sell my 820 credit score for $100,000 today! I could buy a very nice retirement home in northern thailand for that, and live off of my rental income!

September 15 2007

lkbryant
Contributions: 255

close

Contributions: 255

Disc

:255

View full profile

azrob comes up with the weirdest of ideas.

September 15 2007

Roberto Ribas, "azrob"
Contributions: 8638

close

Roberto Ribas, "azrob"

Real Estate Agent

View my 1 listings

Contributions: 8638

Q&A

:1210
Disc

:7288
Photos

:140

Zillow All-Star

Since January 2009

View full profile

wow lkbryant! such insightfull analysis, such profoundly intelligent discourse!

September 15 2007

quailvalley
Contributions: 18

close

Contributions: 18

Q&A

:1
Disc

:16
Photos

:1

View full profile

2007 cannot be compared with 1990 because the downturn in real estate values in California was driven by the loss of 450,000 jobs directly or indirectly related to Aerospace. If, in fact we elect a Democrat as president, and as was done during the Clinton administration, Defense budgets were "Slashed", the defense industry and real estate could once again face a similar problem. The main difference this time would be that there are not even 25% of the defense related jobs left in California. The majority of those high paying jobs have been replaced with jobs in the service sector. The good news is California is still a very desirable place to live, even with the cost of housing being very high, weather does not play much of a part in year round employment.

September 16 2007

Have a question? Ask it here.

Most Active Real Estate Agents

Conlon A Real Estate

435 listings

Local Expert
Teresa Young

302 listings

Local Expert
AdamShpritz

288 listings

Local Expert
DANIELLE HARRELL

179 listings

Local Expert
Michael Dukhovny

142 listings

Local Expert

See more real estate agents

Related Discussions

Discussion Don't Let Buyer's Remorse Stop Your Home's Sale

Posted by mildred6c
1 hour 4 minutes ago

In Rent vs. Buy
No Replies - 5 Views

Discussion HVCC Another "Knee Jerk" Reaction for Real Estate Transactions !!

Last reply by Pasadenan
1 hour 31 minutes ago

In Buying Process
4 Replies - 17 Views

Discussion I got scrammed by Century 21

Last reply by Pasadenan
2 hours ago

In Buying Process
47 Replies - 855 Views

Discussion The Real Casualties of Subprime Lending

Posted by nelson5j
3 hours ago

In Rent vs. Buy
No Replies - 6 Views

Discussion waiting on short sale lender's written approval

Last reply by OC Condo Queen
3 hours ago

In Buying Process
4 Replies - 272 Views

See More

Related Articles about Home Buying

Guide Real Estate Buyer's Closing Costs

In Buying Process
Edited August 27

Guide List of Closing Costs and Fees

In Buying Process
Edited August 27

Guide About First-Time Home Buyer Tax Credit

In Home Buying
Edited July 22

Guide You've Opened Escrow

In Buying Process
Edited July 21

Guide Picking the Best Comps

In Using Zillow to buy
Edited May 04

See more articles about Home Buying

Current Mortgage Rates

Current Last Week

Get this widget

<div style="width:298px;height:123px;border:1px solid #adcfff;overflow:hidden;text-align:center;font-family:verdana,arial,sans-serif;font-size:8pt;line-height:13x;background-color:#eff3ff;letter-spacing:0;text-transform:none;">
		<div style="margin: 0 6px;">
			<div style="margin-top:6px;">
				<a href="http://www.zillow.com/Mortgage_Rates/#{scid=mor-wid-lthd}" target="_blank" style="font-size:9pt;color:#36b;text-decoration:none;font-weight:bold;">
				   
						Current
				   
				         
				   Mortgage Rates</a>
			</div>   
			
			<div style="color:#555;margin:5px 0 1px;">
				<span style="padding-left:137px;">Current</span>
				<span style="padding-left:23px;">Last Week</span>
			</div>

<div style="background:#fff;height:60px;width:284px;border:1px solid #adcfff;text-align:left;">
				<div style="width:144px;float:left;">
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt1}" target="_blank" style="text-decoration:underline;color:#36b;">30 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#eff7ff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/15_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt2}" target="_blank" style="text-decoration:underline;color:#36b;">15 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/#{scid=mor-wid-ltt3}" target="_blank" style="text-decoration:underline;color:#36b;">5/1 ARM</a></div>
					</div>
				</div>
					
				<iframe title="Current Mortgage Rates" frameborder="0" height="60" style="float:left;" scrolling="no" width="138" src="/mortgage/MortgageRateTableWidget.htm?wide=1&region=102001">
						Your browser doesn't support frames.  Visit 
					<a href="http://www.zillow.com/mortgage/" target="_blank" style="text-decoration:none; font-size:9pt; font-weight:bold;">Zillow Mortgage Marketplace</a> 
					to see this content.
				</iframe>
				<div style="clear:both;"></div>
			</div>
			
			<div style="margin:4px 6px 0;height:15px;width:276px;">
				<a href="http://www.zillow.com/mortgage/#{scid=mor-wid-ltgr}" target="_blank" title="Zillow Mortgage Marketplace" style="display:block;margin-left:4px;height:15px;width:145px;float:left;"><img src="/static/images/zillow-mortgage-logo-small.gif" alt="Mortgages, Home Loans, and Mortgage Quotes at Zillow Mortgage Marketplace" style="border:none;"/></a>
				   
				<a href="http://www.zillow.com/webtools/widgets/MortgageRateWidget.htm#{scid=mor-wid-ltget}" target="_blank" style="font-size:7pt;color:gray;text-decoration:none;float:right;margin:1px 5px 0 0;width:80px;">Get this widget</a>
			</div>
		</div>
	</div>

Need a Mortgage?

Zillow Mortgage Marketplace

Competitive rates
Accurate, custom quotes
Thousands of lenders

... and, it's free and anonymous

Get instant mortgage quotes

Loan type
Amount
ZIP code

Learn about Zillow Mortgage Marketplace

Zillow Poll:

Suggested by Lew Corcoran

What is holding you back from buying a home today?

I don't have enough money.

My credit scores are not high enough yet.

Nothing is holding me back / I plan to buy soon.

I don?t want to buy.

Next poll
Suggest a poll

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

© 2006-2008 Zillow.com, All Rights Reserved