Berkeley CSUA MOTD:Entry 44741
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2025/05/24 [General] UID:1000 Activity:popular
5/24    

2006/10/9-10 [Reference/RealEstate] UID:44741 Activity:moderate
10/9    http://money.cnn.com/2006/10/05/real_estate/moodys/index.htm
        Swami the Magnificent warned you!
        \_ I like how the Bay Area barely grazes that list.
           \_ I'm sure people are very freaked out about a possible 3-10%
              housing 'crash'. By the way, I think that Moody's is being
              optimistic. Prices are going to come down a lot more when/if
              rates rise and credit tightens.
              \_ My house has already dropped about 10%.  Shrug.  Only buyers,
                 sellers, and creditors who stupidly gave out highly risky
                 credit need to care about this stuff.
                 \_ We bought in late 2002.  Since then our house peaked up
                    51% in late '05, now has lost ~3% since that peak, and is
                    now up ~ 47% from when we bought.
                    51% in late '05, and is now up ~ 47% from when we bought
                    (all according to http://zillow.com)
                    \_ I dropped 10% from peak but it doesn't matter either
                       way.
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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money.cnn.com/2006/10/05/real_estate/moodys/index.htm
com looks at the 100 largest markets and predicts their tops, their bottoms - and total price drops. In the survey of 379 metro areas, the study's authors project that nearly 20 areas eventually could experience a "crash," or a decline of more than 10 percent from peak to trough. The most hard-hit areas will be in California, the Southwest coast of Florida, and in Arizona and Nevada. Nationwide, the study forecasts a 36 percent decline in the sales price of existing homes. The table below shows only those markets among the 100 largest by population that are forecast to have declines. In an analysis that considered mortgage rates, the local job market and other factors, the study makes projections on when those markets would peak, when they would hit their worst point, and what the total decline would be.
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zillow.com -> www.zillow.com/
New 3D-like images let buyers examine homes at an angle. You can see all sides of the home up close, and tell how it is positioned on the lot.