Comments on: Quick Update- August 2008

By: Generationsei

Generationsei — Fri, 31 Jul 2009 10:12:45 +0000

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By: fha gov

fha gov — Wed, 22 Jul 2009 05:56:16 +0000

fha gov…

Because of the problems in the housing industry as well as the financial crisis (which is also tied to the housing trans atlantic mortgage boom), the stock market has taken a beaten. Whilst a word of mouth referral from a friend or neighbor is ideal, i…

By: Orlando

Orlando — Sun, 15 Feb 2009 23:22:24 +0000

There is $500 billion in Option ARM’s that will be resetting interest rates and/or reached 125% cap on loan to value ratio very soon.
I believe that we will see some severe declines in housing values in next 12 months. Realtors hang on!!

By: Toronto Lofts

Toronto Lofts — Thu, 20 Nov 2008 04:09:18 +0000

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

Steve — Wed, 19 Nov 2008 20:15:46 +0000

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

Cato — Wed, 19 Nov 2008 03:03:43 +0000

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

Steve — Tue, 18 Nov 2008 21:40:41 +0000

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

Arc Lost — Fri, 07 Nov 2008 19:25:54 +0000

Hi Carrie,

What’s the link to your blog?

By: Carrie

Carrie — Fri, 07 Nov 2008 17:50:19 +0000

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

josh — Wed, 05 Nov 2008 04:43:09 +0000

The prices are still high, wait it out until spring.