21 thoughts on “WOT 6-7-2008”

    1. BubbleLee

      Awgee, that’s just the pointer. It is pointing to the color underneath. I thought the same thing at first, too. They could have done without the little white square.

  4. madhaus

    IR, how did you get these numbers by zip? Are you subscribing to them? Really good stuff.

    Case-Schiller is probably the best index there because it compares resales of the same houses.

  5. Market Driven

    I agree for the most part that Case-Shiller is the most valid source out there right now.

    The only problem I have with anything that shows price fluctuations is that a house only gets recorded in the database if it is actually sold. What about all those houses that are just sitting on the market, undergoing 5% to 10% drops in asking prices every few months as they sit on the market? These would not be recorded, correct?

    I believe housingtracker.net has something about asking prices on there. Anybody have info on this site?

    1. xy31

      If you count houses that haven’t sold yet, you would also have to include those who are asking wtf prices and not lowering them, because they have enough equity to wait. Or those who are just testing the market to see if anyone is willing to pay their wtf price.

  6. lawyerliz

    I was anecdotally told by a broker that house asking prices in the Miami area are dropping but very slowly.

    Buyers are quite sensibly refusing to buy. And they could find financing anyway, unless they are perfect.

    And of course, there are the REOs.

  7. Emma Anne

    I would love to see a time lapse version of this over the months. Is this available?

  8. steve hansen

    Here’s ANOTHER lying realtor who incredibly on May 15 wrote in his local newspaper:

    “If you’re ready to buy a home and can afford it, now is a great time to buy.
    …Don’t let all of the negative media attention about the “mortgage meltdown” keep you from pursuing your homeownership dream.”

    http://tinyurl.com/4m26nb

    What a bunch of mo–rs
    realtors are! Not only that, they seem capable of saying only 1 thing like a windup toy: NOW IS A GREAT TIME TO BUY. Can the DOJ prosecute them under the RICO act?

  9. The Ghost of Alt-A to Come

    I’ll be visiting you shortly and am gonna paint the town red…deep, deep red!

    1. NoWowway

      The first listing has over $270K in “additions” (is it right to assume that this is the amount of money spent on upgrades to the property?).

      There are NO pictures of the home – none for exterior and none for interior.

      The second listing is in the OLD part of Westpark – “Culverdale”. “additions” over $150k. At least there are many photos of the place.It appears to be fully upgraded to craptastic levels that are rarely seen.

      A million bucks for a home in good Ol’ CULVERDALE? I got one I’d sell in College Park for a million dollars 😉

    2. jhill

      The second listing includes a classic piece of absurd real-estate-ese “custom estate” — for a 2500 sq. ft. house on a 5000 sq. ft. lot. ROTFLMAO.

    3. Cubic Z

      21 Grape Arbor is accepting blind offers. No pics of the house. No showings yet. I hope everything is intact in there. On teh outside things look good 🙂

      May be IR should profile this property. it’s one of a kind!

      Cubic

  12. NoWowway

    Since this is the WOT, I have a couple of musings for anyone who’s around.

    What is an “apartment home”?

    Are any of those places by the spectrum for sale or are they all rentals by TIC?

    IR: I’d really like to see what is happening to “Park Place” over by Harvard Park, if you ever see a property there that is worthy of a post.

    Also if you are doing any kind of wish list – I’d like to see properties at UCI and Concordia in a post here.

    Thanks for providing a great blog :coolsmile:

  13. LC

    By the looks of that map, I can see that Orange County really is special. It looks like Ground Zero, just as I expected.

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