October 12, 2006

Sure, no worries Greenspan and the NAR, we've hit bottom. Yup, that make sense.


Posted by blogger at 10/12/2006

12 comments:

Dogcrap Green said...

Sure, no worries Greenspan and the NAR, we've hit bottom. Yup, that make sense.

add dogcrap green to tht list

October 12, 2006 11:30 AM
Anonymous said...

Wow, that house on the bottom looks mighty familiar. Where is it located?

October 12, 2006 4:19 PM
Anonymous said...

I saw Greenspan on t.v. He looked bad, thin and pale I wonder how lucid he really is. I wish I had all the knowledge he has forgotten. It would be nice to have a proverbial "vulcan mind melt" with him.

October 12, 2006 4:56 PM
Anonymous said...

"It would be nice to have a proverbial "vulcan mind melt" with him."

A vulcan mind melt with a mentally defective person will only damage your own cognitive abilities.

If anything, the fact that the man's whole career was being a shill for the Wall Street/DC beltway cronies makes for an interesting cognitive dissonance between guilt and knowing that one's a proactive lair.

October 12, 2006 5:33 PM
Anonymous said...

In 1969, he advocated the secret “carpet” bombing of neutral Cambodia that led to the killing of half a million innocent lives and is believed to have contributed to the subsequent rise of the dictator, Pol Pot whose Khmer Rouge militias massacred millions in what became known as “the killing fields.”

If Cambodia was an example of his ability to operate in the shadows so was his support for the invasion of East Timor by the corrupt Indonesian regime of General Suharto. The invasion led to the death of almost a quarter of a million Timorese and a subsequent occupation killed almost a third of the population in what Amnesty International called genocide.
++++++++++++++++
Henry Kissinger is one sick S.O.B. As long as he has Dubya's ear, America will come to be hated more by the rest of the world with each passing year....

October 12, 2006 5:55 PM
Anonymous said...

I love it... the realtors say "the major correction has taken place" and "this is a return to normalcy". I live in San Diego, and have several friends with homes on the market, which haven't moved in months despite lowering their asking price quite a bit. I'm sure these realtors' words give them great comfort!

http://news.yahoo.com/s/sddt/20061012/lo_sddt/residentialmarketseesmoderatedecreaseinsalesprices

Residential market sees moderate decrease in sales, prices

Entering into what is traditionally a slower home selling season, the median price for an existing single-family home in San Diego County slightly decreased in September, while overall sales continue to decline.

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This means the real estate market is returning to normalcy, according to Lee Sterling, a member of the board of directors for the North San Diego County Association of Realtors (NSDCAR) and owner of Help U Sell Realty West in Carlsbad.


"The major correction has taken place," said Daniel Maloney, broker and owner of Daniel Team Realty, adding the media's suggestion that the housing market is collapsing is faulty because overall prices have recently begun to stabilize rather than decline quickly on a monthly basis.


According to the NSDCAR's Homedex, the median priced single-family detached (SFD) home in the county was $571,000 in September, a 0.75 percent decrease from August and 3.06 percent decrease from September 2005. The price decrease means 10 percent of county households can afford the median-priced SFD home.


In the single-family attached (SFA) market the median priced home was $360,000 in September, a 0.8 percent decrease from $362,750 in August and a year-over-year decrease of 5.3 percent. This price reduction means 26 percent of county households can afford the median-priced SFA home.


"What is encouraging is the prices really haven't gone down a lot (recently)," Sterling said, noting that in September some regions in the county experienced median price increases.


In the South County median SFD prices rose 1.22 percent from $575,000 to $582,000, and in the San Diego Metro region median SFD prices increased 2.38 percent from $546,000 to $559,000.


The attached market also saw median price increases in North San Diego County, which reported a 1.9 percent jump in SFA median home prices from $387,500 to $395,000, and San Diego Metro, which reported a 0.8 percent increase from $370,000 to $373,000.


While attached and detached homes are experiencing modest increases and decreases, the amount of SFD homes sold countywide declined by 16.2 percent from 1,571 in August to 1,316 in September. Similarly, the amount of SFA homes sales fell from 870 in August to 665 in September, a 23.6 percent decline.


North County reported 613 sold SFD units, a 20.3 percent tumble from August, and 218 sold SFA units, a 25.3 percent drop.


East County reported 214 sold SFD listings, down 11.9 percent, and 71 sold SFA listings, a 22 percent drop.


South San Diego County reported 151 SFD home sales, down 12.2 percent, and 55 SFA home sales, a 21.4 percent dive.


San Diego Metro reported 338 SFD sold listings, a 12.7 percent decrease, and 321 SFA listings sold, down 23 percent from August 2006.


Despite the decrease in sold listings, Sterling -- who teaches an ethics class for new realtors through the NSDCAR -- said he continues to see 80 or 90 new licensees signed up for his class monthly.


"But I think there's always natural attrition" regarding new licensees leaving the market, Sterling interjected.


"What I'm hearing is quite a few agents that got into the market and didn't put a (marketing) system in place are probably leaving the market," Maloney said.


For established realtors who will not leave the market, Sterling and Maloney agreed the keys to surviving a slow sales period are a proactive marketing approach and reconnection with past clients.


Although sales are slowing, Sterling said the median time on the market for a home is about 63 days, which he believes is great compared to market times in other states.

According to Homedex, the median days on the market for SFD listings are: North County, 58 days; East County, 58 days; San Diego Metro, 49 days; and South County, 63 days. Looking at SFA listings, the median days on the market include: North County, 60 days; East County, 54 days; San Diego Metro, 47 days; and South County, 80 days.

Also encouraging to Sterling is the inventory of attached and detached homes in the county, which has decreased by 3 percent.

At the end of September there were 12,733 active SFD listings compared to 13,153 in August. This includes 6,281 units in North County, 2,823 in San Diego Metro, 2,126 in East County, and 1,503 in South County.

In the attached market there were 7,658 active listings on the market at the end of September compared to 8,084 in August. Accounting for the 7,658 listing were 3,730 units in San Diego Metro, 2,466 in North County, 728 in East County and 734 in South County.

Looking forward, Maloney and Sterling are confident about the state of the housing market.

"We have a housing shortage and a great diversified economy," Maloney cited as his reason for optimism. He is hoping for a market in the coming years that will not be heavily weighted toward either the buyer or seller.

"It's likely we'll continue to see a slight slowdown in the market in the number of sales, and we believe sellers will be adjusting their prices to effect that," Sterling said, assuring there will not be a dramatic drop in prices similar to that of the early 1990s.

October 12, 2006 5:58 PM
Anonymous said...

Woops, here's the full link: http://news.yahoo.com/s/sddt/20061012/lo_sddt/residentialmarketseesmoderatedecreaseinsalesprices

October 12, 2006 6:00 PM
Anonymous said...

Given how f*cked up the world is, who cares if the US is hated around the world?

Are you people such weaklings that you have to be loved by foreigners to boost your self-esteem?

People in this country, at least the Boomers on down in age, are the biggest pussies that ever walked the planet except for the Eloi in Europe.

October 12, 2006 8:34 PM
Anonymous said...

i recal 500,000 in assessed value in new york, having a 35,ooo$ a year tax bill, cant even think to add costs of borrowings and associatives and cooperatives,when only, perhaps, was any of it, quality of living! with then by my attitude, that very few workers, employes by personal opinion, rather than forced upon one, by gov, or otherwise, is worth 30,000 a year

October 12, 2006 9:04 PM
Anonymous said...

pardon the moronic spllings, from a corporate shareholder who has in a form, thru them ,paid hundred million dollar wages all thru iras and 401s and roths,

October 12, 2006 9:09 PM
Anonymous said...

more "walls" of worry, how unamerican!!

October 12, 2006 9:12 PM
Anonymous said...

"If anything, the fact that the man's whole career was being a shill for the Wall Street/DC beltway cronies makes for an interesting cognitive dissonance between guilt and knowing that one's a proactive lair."

But dude if you did the "vulcan mind melt" with Alan you could gleen through all the B.S. and retrieve some of cognitive dissonance and publish it here on Keith's blog! But please don't publish the vivid color memories of Andria Mitchell nude and doing the Tango on Alan's mango!

October 13, 2006 7:24 AM

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