Real estate outlook 2008

[flagship21]

It is getting worse watch 60 Minutes on Option ARMS

[flagship21]

Option ARMS, Don't believe the Media it lies

[Giuseppe00000007]

im surprised to see alot of building activity in 2008...whats goin to happen to all this commercial space, when the internet takes over the world.

[Battery9876]

you bet..

[stinky125]

I hate real estate agents...a buncha fucking losers....every last one of them.

[flagship21]

they are parisite that probabily never owned real estate as an investment

[Davidmeimers]

They're nuts! Not gonna happen anytime soon. The big lending and buying spree is over.  Take your debt and...

[tomfromeur]

lol. I think people who believe this stuff are just stupid beyond their wildest imagination. Real estate... is negative ROI.

[KimJongSurge]

Amen! How much longer will people believe the propaganda... "they're not making any more land", "real estate never goes down", "it's different here"... lies, lies, lies, promoted by an industry WHO MAKES A COMMISSION off the sale.

[TrendGraphix]

The majority of real estate brokers are incredibly knowledgeable about their market, using statistics from their MLS system. My company, Trendgraphix, actually works with more than 150 brokers in 60 markets across the country to provide accurate, statistics for brokers and agents to help them provide the facts to their clients. Neither Realtors nor Brokers can lie about the facts. Even in hard hit areas, there are still micro markets that are doing well + signs of renewed activity.

[joechan777]

100% agree with you

[Einstiensblackid]

It's a loosing bet for years to come and you know it. Home prices have not correlated with either building costs or population expansion since the early 90's when baby boomer's started buying their dream homes.

That story is over now and so is the 10% and 15% yearly gains in home values. Home prices will again have to reflect ACTUAL VALUATION before prices can move up again. In other words price will have to fall to levels we saw in the mid 90's before the knife stops falling.

[britvixen]

Not disagreeing with you about the general prognosis. I didn't say things were in recovery - it may be a long time before we see reasonable appreciation again. Yet nobody really knows how long it will take or what "recovery" will look like - we can only guess. My company deals with current facts and these are telling us that that not every micro-market is going through such a hard time and some are even fairing quite well.

[Einstiensblackid]

I think we can do more than guess. Home builders are stuck in projects started 2 years ago, building at the same pace as 3 years ago while homeowners are trying to sell. That is going to create a glut that the bargain hunters and young buyers just cant work off. This will lead to a price drop, a rise in foreclosures for recently purchased homes, and less confidence in the market. Add that to a weakening economy and you have Japan's housing market in 1990.

[Elite59]

Getting opinions from a builder and a realtor... 2 people who only make money when homes sell! They are both wishfull thinkers!

[KimJongSurge]

Indeed. They are deluded. This crap is going to take years to sort out.

[RustyGatesJr]

is this from "The Onion" ?

[utubeuser1971aok]

You all will be surprised we here in Northern California have housing being built in my neighborhood and lots of new business and you can tell by lumber orders which are higher. Font be so pessimistic it is the turn in the horseshoe. Good things are coming to the real estate market it is the only place people now who buy will stand to gain again. It will be the biggest shock of the year back to bubble popping prices!!!!

[benjleeru]

utubeuser1971aok, you're not fooling anyone. How are those ghost towns doing in california? You know, the ones that are filled with foreclosures?  No one's building new housing complexes. They built too many already.

[utubeuser1971aok]

I know I have read and heard but all I can say

is on my street one home went up this week and they will start construction on another home in the next couple weeks. People are starting to buy because of the bargains. My father works in an industry that takes orders for these things ans told me that these orders usually mean building. I am just offering whats going on here.

[actwealthy]

Say "Today is the day of my amazing good fortune!" ten times a day. I give thanks that the millions of dollars in negotiable currency which belong to me by Divine Right, now pour in and pile up under grace in perfect ways.

[Joyriser]

Get some skis and pump some artificial snow on that downward slope.Its going to be a long ride down to the thirties! There will be a nice soup kitchen at the end though!Im making some safety nets to hang in wall street!!

[davidinla36]

Does anyone expect an honest statement from "Realty Times"? What a joke.

[dink65]

To answer this moron's question at the end of the piece - Let me be FRANK -

YES, it would be a huge surprise if things turned around in 2008. The decline has only just begun after a nearly 20 year boom in prices. Plenty more downside to come......

You at "Realty-Times" are making a VERY BAD BET!

Stick to the facts!

[tla2001]

LOL.....

Didn't your mother teach you not to lie ?

[cjlee41]

this video is dangerious, it ingonres the facts that housing will declide 50% in price before returning to pre bubble prices. this is a crappy video dont belive it.

[tyronebiggums3]

I nearly spit my coffee out when I saw Kendra! Thank you! LOL

(BTW: first to view!)