Comments on: Quick Update- August 2008 http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/ Tracking the Arcadia and San Gabriel Valley Housing Market Thu, 08 Jan 2009 21:10:19 +0000 http://wordpress.org/?v=2.5.1 By: Osama http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/#comment-87759 Osama Fri, 19 Dec 2008 11:06:42 +0000 http://www.arcadiahousingblog.com/?p=681#comment-87759 Great Post. Great Post.

]]> By: Toronto Lofts http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/#comment-59325 Toronto Lofts Thu, 20 Nov 2008 04:09:18 +0000 http://www.arcadiahousingblog.com/?p=681#comment-59325 Wow. Sign of the times i guess. Things aren't *quite* as bad here in toronto. I still see condos being built. Also you haven't posted much in the last while. Any chance you'll be back at the blog thing? Wow. Sign of the times i guess.

Things aren’t *quite* as bad here in toronto.
I still see condos being built.

Also you haven’t posted much in the last while.
Any chance you’ll be back at the blog thing?

]]> By: Steve http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/#comment-58997 Steve Wed, 19 Nov 2008 20:15:46 +0000 http://www.arcadiahousingblog.com/?p=681#comment-58997 Affordability will hinge on the conformingi loan limit which is going from 730K down to 625K next year, unless Congress extends the 730k cap. Right now above jumbo above 730k you are looking at 9% which is not affordable. Affordability will hinge on the conformingi loan limit which is going from 730K down to 625K next year, unless Congress extends the 730k cap. Right now above jumbo above 730k you are looking at 9% which is not affordable.

]]> By: Cato http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/#comment-58272 Cato Wed, 19 Nov 2008 03:03:43 +0000 http://www.arcadiahousingblog.com/?p=681#comment-58272 I've noticed the price drops, too. Sellers were holding out long after surrounding areas (Pasadena, Monrovia, Temple City) were falling 20+ percent. Truth is, I haven't seen a home sell in Arcadia for some time: a year maybe. Maybe if the sellers had dropped their prices 10% instead of 2.5% they might have gotten out while the getting was still good. With the tight credit market, Arcadia will have to drop 50% for sellers to even have a CHANCE of finding a qualified buyer. Anyone notice the folks who are putting up their homes for lease now? Who are they going to lease to? Section 8 families? I’ve noticed the price drops, too. Sellers were holding out long after surrounding areas (Pasadena, Monrovia, Temple City) were falling 20+ percent. Truth is, I haven’t seen a home sell in Arcadia for some time: a year maybe. Maybe if the sellers had dropped their prices 10% instead of 2.5% they might have gotten out while the getting was still good. With the tight credit market, Arcadia will have to drop 50% for sellers to even have a CHANCE of finding a qualified buyer. Anyone notice the folks who are putting up their homes for lease now? Who are they going to lease to? Section 8 families?

]]> By: Steve http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/#comment-58032 Steve Tue, 18 Nov 2008 21:40:41 +0000 http://www.arcadiahousingblog.com/?p=681#comment-58032 We have seen some price drop in arcadia the last few days. Some houses are being put up "As is" with below market prices to get bids. Economy is changing quickly nowadays. It is turning for the worst and we are looking maybe losing the Big 3 automaker and higher unemployment. We have seen some price drop in arcadia the last few days. Some houses are being put up “As is” with below market prices to get bids. Economy is changing quickly nowadays. It is turning for the worst and we are looking maybe losing the Big 3 automaker and higher unemployment.

]]> By: Arc Lost http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/#comment-46841 Arc Lost Fri, 07 Nov 2008 19:25:54 +0000 http://www.arcadiahousingblog.com/?p=681#comment-46841 Hi Carrie, What's the link to your blog? Hi Carrie,

What’s the link to your blog?

]]> By: Carrie http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/#comment-46798 Carrie Fri, 07 Nov 2008 17:50:19 +0000 http://www.arcadiahousingblog.com/?p=681#comment-46798 I like your blog. I do a blog for San Marino Real Estate and am still getting my feet wet. I will make sure and check back regularly. I like your blog. I do a blog for San Marino Real Estate and am still getting my feet wet. I will make sure and check back regularly.

]]> By: josh http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/#comment-45492 josh Wed, 05 Nov 2008 04:43:09 +0000 http://www.arcadiahousingblog.com/?p=681#comment-45492 The prices are still high, wait it out until spring. The prices are still high, wait it out until spring.

]]> By: Cato http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/#comment-45288 Cato Tue, 04 Nov 2008 20:15:02 +0000 http://www.arcadiahousingblog.com/?p=681#comment-45288 I have seen some movement in Peacock Village. For the first time in awhile there are a couple homes for $699. I have seen some movement in Peacock Village. For the first time in awhile there are a couple homes for $699.

]]> By: Clarissa http://www.arcadiahousingblog.com/2008/09/17/quick-update-august-2008/#comment-44326 Clarissa Mon, 03 Nov 2008 06:49:01 +0000 http://www.arcadiahousingblog.com/?p=681#comment-44326 It's sad that this site seems to be dead. This is the time we have all bee waiting and watching for~~~and now that it is here~~~no one is around to discuss how the recent financial situation is affecting the Arcadia real estate market. I hope this site comes back sometime soon. It has always been a fun and informative read. It’s sad that this site seems to be dead. This is the time we have all bee waiting and watching for~~~and now that it is here~~~no one is around to discuss how the recent financial situation is affecting the Arcadia real estate market.

I hope this site comes back sometime soon. It has always been a fun and informative read.

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