Comments on: Up! Up! And Away! Home Prices Continue To Rise In 20 Cities

By: Neil Uttamsingh

Neil Uttamsingh — Thu, 31 Dec 2009 03:04:06 +0000

Charles,

I liked your article. From the graphic to the opening paragraph, well done!

Being here in Canada, myself and fellow investors always stay interesting in what is happening in the U.S. market.

From all of the qualified news, and indications that we receive here, it looks like it is going to be a little while longer until things start to turn around for you guys.

It is great that 20 cities experienced an increase, but as we all know, with the ups, come the downs. (Just like the financial markets)

Every Canadian real estate investor that I know is routing for you guys. We hope that you have a speedy recovery in the housing sector. (fingers crossed)

Best Regards,
Neil.

By: Bob

Bob — Wed, 30 Dec 2009 21:11:33 +0000

I agree with Tyler. In our market the inventory is a mere 35% of last years number for active listings. Over 2009 we have seen asignificant drop in the number of foreclosures being listed and in the number of short sales being transacted. I consider myself an optomist but need to see this play out a little longer. .-= Bob´s last blog ..Why is Alamo Real Estate Selling Slower than the Surrounding Communities? =-.

By: Tyler

Tyler — Wed, 30 Dec 2009 20:07:34 +0000

But if they keep messing with the numbers with bailouts, incentives, and stimulus money then we will never really know if we are recovering or just creating another bubble.

-Tyler
.-= Tyler´s last blog ..oct_0179.jpg =-.

By: Jeff Brown

Jeff Brown — Wed, 30 Dec 2009 17:29:56 +0000

Charles — You’re not only likely correct, but probably being a tad too gentle.

The ARM resets alone with tend to be a governor on prices, speaking in macro terms. Combined with the high unemployment you mentioned, these new foreclosures will be sorely felt.

Always enjoy reading what you have to say.
.-= BawldGuy Talking´s last blog ..Some of What You Might Wanna Look For In 2010 =-.