Zillow Advice: Housing Market - Bright Spots in the Real Estate Market - Why?

my thought is that people ...

Fri, 21 Nov 2008 09:59:00 GMT

my thought is that people in NY arent worried about property taxes doubling like the rest of the country... i mean really how could they get any higher? 0.o that and i think everyone agrees that 1) college students and 2) New Yorkers are quite inept at arriving at any kind of rational conclution about living within one's means 0.o

Wicker Park in Chicago is ...

Fri, 21 Nov 2008 07:33:00 GMT

Wicker Park in Chicago is doing exceptionally well. They are seeing appreciation like what you'd expect in an average market. Builders are stll going strong, companies are lining up to open stores there- same with restaurants, and it's very close to both downtown and the X-way. I couldn't believe the numbers when I first saw them but as it turned out I had a client who just contracted there and we actually ran the numbers from scratch ourselves. It turns out the figures we had seem conservative. 20% in the last 5 years with 12% in the last 2. Not to mention, all the data points to an even stronger uptick in 2009. Wicker Park folks, it's not just a movie title anymore.

"I hope you are all about ...

Thu, 20 Nov 2008 02:33:00 GMT

"I hope you are all about the humor because for some bizarre reason, that completely escapes me and my husband, I want you to be okay at the end of this mishegas."

---screw that, I hope he burns. <evil laugh> :)

*Don't worry, it's just a ...

Thu, 20 Nov 2008 01:13:00 GMT

*Don't worry, it's just a fleeting wish, not a scary "Oh no, some weird person has focused on me." We started posting at the same time and we are both Jewish, 30ish and from the tri-state.*

"Hmmm, looks like the doomers ...

Thu, 20 Nov 2008 00:39:00 GMT

"Hmmm, looks like the doomers were wrong about their prediction of us going to hell in a handbasket."

2big,

I hope you are all about the humor because for some bizarre reason, that completely escapes me and my husband, I want you to be okay at the end of this mishegas.

2 cities that saw the biggest ...

Thu, 20 Nov 2008 00:31:00 GMT

2 cities that saw the biggest gains are both in NY. Hmmm, looks like the doomers were wrong about their prediction of us going to hell in a handbasket.

It will be interesting to ...

Wed, 19 Nov 2008 22:05:00 GMT

It will be interesting to see the fiqures for the same places in 60-90 days. Those home values seem pretty low after an increase.

Survey Says: 90% of all surveyed ...

Wed, 19 Nov 2008 22:01:00 GMT

Survey Says: 90% of all surveyed think that BRR is right!!! DING DING DING.

"I'm going to guess that ...

Wed, 19 Nov 2008 22:01:00 GMT

"I'm going to guess that they were not way overpriced to begin with."

Agreed.

Zindex: Bay City, MI ...

Wed, 19 Nov 2008 21:45:00 GMT

Zindex:

Bay City, MI - $102,000

Rochester, NY - $127,000

State College, PA - $244,000

Spartanburg, SC - $102,000

Winston, NC - $137,000

vs.

Los Angeles, CA - $444,000

San Francisco, CA - $567,000

I'm going to guess that they were not way overpriced to begin with.