"Housing is in its "deepest, most rapid downswing since the Great Depression"
- David Seiders, Chief Economist National Association of Homebuilders, March 2008
March 07, 2008
HousingPANIC Quote of the Day
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5 comments:
But Greg Swann said there were 21 Reasons to Buy!!!
Damn straight
Really? I still have not seen prices drop in the counties outside of Philadelphia. Bucks, Montgomery, Delaware, Chester counties, etc. & let us not forget Southern New Jersey. They are STILL high despite a lack of sales.
Owners ARE STUBBORN
No ... owners/debters are PANICKING.
All it takes is one to realize prices will keep dropping and do the right thing and sell, for a loss, but at least some profit.
There goes the neighborhood.
Anonymous said...
Really? I still have not seen prices drop in the counties outside of Philadelphia. Bucks, Montgomery, Delaware, Chester counties, etc. & let us not forget Southern New Jersey. They are STILL high despite a lack of sales.
Owners ARE STUBBORN
By the very fact that there are actually homes in my county that I can afford again I know there have been price drops. And as I was dropping the kids at school this morning - my heart leapt at all the new for sale signs that went up in anticipation of a nice March weekend. Realtors can actually help their communities now by getting people to face the facts - lower the comps back to '01 levels - it will be so much less painful if they do it quickly. Just like ripping off a bandaid.
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