Comments on: Inventory and Market Report – 4/26/08 http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/ Tracking the Arcadia and San Gabriel Valley Housing Market Sat, 04 Feb 2012 08:44:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Volume Down. Median Down. | Arcadia Housing Blog http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/comment-page-1/#comment-2104 Volume Down. Median Down. | Arcadia Housing Blog Sat, 03 May 2008 15:22:27 +0000 http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/#comment-2104 [...] you refer back to last week’s Inventory post, I had listed the number of home sales for 1st quarter of [...] [...] you refer back to last week’s Inventory post, I had listed the number of home sales for 1st quarter of [...]

]]> By: Corntrollio http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/comment-page-1/#comment-1981 Corntrollio Tue, 29 Apr 2008 22:08:30 +0000 http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/#comment-1981 Also don't forget that at many of those auctions, they have a 5% fee for the auctioneer. Also, at some auctions, the seller doesn't have to accept the final bid if they think it's too low. Unclear if any of that applies to this particular auction, but many would-be buyers have gotten burned when they think they got a good price relative to comps. Also don’t forget that at many of those auctions, they have a 5% fee for the auctioneer. Also, at some auctions, the seller doesn’t have to accept the final bid if they think it’s too low. Unclear if any of that applies to this particular auction, but many would-be buyers have gotten burned when they think they got a good price relative to comps.

]]> By: TheArcadian http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/comment-page-1/#comment-1927 TheArcadian Mon, 28 Apr 2008 06:20:37 +0000 http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/#comment-1927 Sean, I don't think affordable housing is addressed enough by the media and our politicians. Here at AHB, we aren't unrealistic in hoping to buy a decent 2,000SF home for $250k. I believe a decent home (depends on the buyer's need) should be attainable through a 20% down payment and affordable monthly mortgage. Sean,

I don’t think affordable housing is addressed enough by the media and our politicians. Here at AHB, we aren’t unrealistic in hoping to buy a decent 2,000SF home for $250k.

I believe a decent home (depends on the buyer’s need) should be attainable through a 20% down payment and affordable monthly mortgage.

]]> By: Sean http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/comment-page-1/#comment-1910 Sean Mon, 28 Apr 2008 02:24:02 +0000 http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/#comment-1910 Auctions are tough to judge, most people tend to overpay if they are not careful. They get caught up in the competition and overbid. Many people who had friends pay 800K in the same area will see 557K as a huge discount. It may be high or may be a fair price, only time will tell. But I hope the prices continue to come down, I really can't afford Los Angles at these prices and neither can fireman, policeman, nurses, etc. An overpriced housing market hurts everyone. Auctions are tough to judge, most people tend to overpay if they are not careful. They get caught up in the competition and overbid.

Many people who had friends pay 800K in the same area will see 557K as a huge discount. It may be high or may be a fair price, only time will tell. But I hope the prices continue to come down, I really can’t afford Los Angles at these prices and neither can fireman, policeman, nurses, etc. An overpriced housing market hurts everyone.

]]> By: Baijun http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/comment-page-1/#comment-1900 Baijun Sun, 27 Apr 2008 22:31:30 +0000 http://www.arcadiahousingblog.com/2008/04/27/inventory-and-market-report-42608/#comment-1900 Great Blog. I like it Yesterday, I went to observe the auction for 38 W. Forest Ave. he final bid price is 557K, which is still too high to me. Great Blog. I like it Yesterday, I went to observe the auction for 38 W. Forest Ave. he final bid price is 557K, which is still too high to me.

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