tag:blogger.com,1999:blog-2020965297376819658.post2777375918958185694..comments2023-05-07T01:54:22.688-07:00Comments on Effective Demand: San Fernando Valley December 2008 home sales reportUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2020965297376819658.post-30954058045805718032009-01-28T10:33:00.000-08:002009-01-28T10:33:00.000-08:00Sounds good to me!Sounds good to me!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2020965297376819658.post-49268671031411690962009-01-27T23:58:00.000-08:002009-01-27T23:58:00.000-08:00The purchasing of MBS is meant to keep long rates ...The purchasing of MBS is meant to keep long rates low. It will help cushion the down side but I think there is a bit of pushing on a string here. You can't force people to take on debt. <BR/><BR/>I'm not a 100% sure but I think these Fed purchases are designed for to facilitate new originations not take old MBS off the books. If true these purchases won't be helping the the underwater homeowner modify their mortgage or refinance. It will just help those with equity or wanting to buy get (or keep) a home with lower monthly costs.Effective Demandhttps://www.blogger.com/profile/02587961792541800534noreply@blogger.comtag:blogger.com,1999:blog-2020965297376819658.post-61435554139643850252009-01-27T16:09:00.000-08:002009-01-27T16:09:00.000-08:00What is your opinion on the Fed's ratcheting up of...What is your opinion on the Fed's ratcheting up of buying back mortgages to lax the terms for distressed owners?<BR/><BR/>They plan on having about $500BB by the middle of the year.<BR/><BR/>Do you predict a bounce up in prices? Or a continued decline?<BR/><BR/>I predict a decline...but I have friends (homeowners...surprise) who think the prices are going to go back up. <BR/><BR/>Cheers! And keep up the fantastic job of reviews and data!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2020965297376819658.post-30743595694165100612009-01-25T12:57:00.000-08:002009-01-25T12:57:00.000-08:00Median is more of an indication of what buyers are...Median is more of an indication of what buyers are willing and able to pay rather than an indicator of values of homes. It tells you nothing about what the buyers are getting for their money.<BR/><BR/>I suspected sometime in the next 18 months when the mid to high end starts rationalizing in bulk the median will moderate its rapid decline due to the mix shift in homes. Depreciation will still be happening in large scale but the buyers would be getting more much for their money. Of course the economy could just keep spiraling down and prices along with it as people are not able to purchase. In that case we'd just see the same steady decline of the median we have been seeing.Effective Demandhttps://www.blogger.com/profile/02587961792541800534noreply@blogger.comtag:blogger.com,1999:blog-2020965297376819658.post-67368504991345943392009-01-21T23:27:00.000-08:002009-01-21T23:27:00.000-08:00I hope that 2.25% increase is not an indication of...I hope that 2.25% increase is not an indication of the market going back up so soon.<BR/><BR/>I think there's still a ways to go especially in the SF Valley..WAY WAY too overpriced still.<BR/><BR/>But you gotta love the downward slope of median price.<BR/><BR/>However, I've always been somewhat suspect regarding median price. Case in point, CAR was using a supposed rise in median price to get people to buy when prices were coming down a mere year or two ago. <BR/><BR/>What people didn't understand was that lower priced homes were dropping out of the market while higher priced homes were dominating sales relatively speaking. Well...that raised median price. At least that's how they used it.Anonymousnoreply@blogger.com