Comments on: When the Housing Clock Stops Ticking: Why the Median Price is Going up While Sales are Going down. http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/ How I Learned to Love Southern California and Forget the Housing Bubble Mon, 08 Sep 2008 00:08:33 +0000 http://wordpress.org/?v=2.2.2 By: Dr. Housing Bubble Blog » Blog Archive » Housing Rehab: 2 Step Program - Real Homes of Genius: Today we Salute you Burbank. $626,000 Short Sale. http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/#comment-2417 Dr. Housing Bubble Blog » Blog Archive » Housing Rehab: 2 Step Program - Real Homes of Genius: Today we Salute you Burbank. $626,000 Short Sale. Thu, 18 Oct 2007 19:31:59 +0000 http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/#comment-2417 [...] facing foreclosure.  You can only imagine what is going to happen in the typically slow selling seasons of fall and winter.  Not only that, we get the lowest cost of living adjustment in Social Security in four years [...] […] facing foreclosure.  You can only imagine what is going to happen in the typically slow selling seasons of fall and winter.  Not only that, we get the lowest cost of living adjustment in Social Security in four years […]

]]> By: Dr. Housing Bubble Blog » Blog Archive » The Short Sale Report: Volume 2 – Record 10,000+ Short Sales in Southern California. http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/#comment-2342 Dr. Housing Bubble Blog » Blog Archive » The Short Sale Report: Volume 2 – Record 10,000+ Short Sales in Southern California. Fri, 12 Oct 2007 23:49:14 +0000 http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/#comment-2342 [...] home off the market thinking that housing Santa Clause will come in December.  Why do people think winter is a good selling season?  Clearly it is not a good selling season and this trend will only continue with rates [...] […] home off the market thinking that housing Santa Clause will come in December.  Why do people think winter is a good selling season?  Clearly it is not a good selling season and this trend will only continue with rates […]

]]> By: Dr. Housing Bubble Blog » Blog Archive » Real Homes of Genius: Today we Salute you Hawthorne. $100,000 off Sale of the Millennium. http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/#comment-2325 Dr. Housing Bubble Blog » Blog Archive » Real Homes of Genius: Today we Salute you Hawthorne. $100,000 off Sale of the Millennium. Thu, 11 Oct 2007 21:03:13 +0000 http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/#comment-2325 [...] appear.  We are seeing this over and over with inexperienced investors.  I talked about the seasonal nature of housing in a previous article.  Fall and winter are the absolute worst times to sell a home.  [...] […] appear.  We are seeing this over and over with inexperienced investors.  I talked about the seasonal nature of housing in a previous article.  Fall and winter are the absolute worst times to sell a home.  […]

]]> By: Michelle Hallstrom Blackwell http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/#comment-2177 Michelle Hallstrom Blackwell Sat, 22 Sep 2007 00:58:00 +0000 http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/#comment-2177 Dr HB, respectfully disagree with you. The NAR membership increased due to media frenzy AND pure innocence combined with pure greed. In 2005 you didn't need ANY skills or knowledge of market or conditions to sell...the public demanded it. Everyone and their aunt, brother, cousin, neighbor looked at real estate sales - and licenses- as the new wave/easy way to make their million. Much of that was done in complete ignorance, real estate sales AND real estate speculation. The NAR is a cocktail buddie to the government, the same as most major businesses and politicians conduct after hours business. Should they be at fault for that? Not sure...but I do know that I do not believe the NAR pumped up the consumers/pre-REALTORS in the motivation of making more dues money. The picture is much larger than that. I too am concerned that NAR is supporting disastrous practices, clearly they are following the leader..."Oh - increase the FHA limits? OK - that will make the public FEEL better about what's going on". But the fact is politics is a follow the leader game and we have to just hope that the leader is going in the right direction. Not happening here obviously. <br/>Look, is NAR motivated by money? Of course, all business is. They have been lobbying for years to keep the banks out of real estate. I just don't think it's logical that NAR would sway the market in an effort to make dues. THE DUES ARE NOMINAL. What concerns me more is the follow the leader attitude that does nothing more than create frenzy. The same frenzy we saw in 2005...just in the opposite direction.<br/>Look to, and be hard on, the media. It is the media that ultimately decides which way we will turn because unfortunately most people believe what they see on TV - whether or not it's true or valid. Dr HB, respectfully disagree with you. The NAR membership increased due to media frenzy AND pure innocence combined with pure greed. In 2005 you didn’t need ANY skills or knowledge of market or conditions to sell…the public demanded it. Everyone and their aunt, brother, cousin, neighbor looked at real estate sales - and licenses- as the new wave/easy way to make their million. Much of that was done in complete ignorance, real estate sales AND real estate speculation. The NAR is a cocktail buddie to the government, the same as most major businesses and politicians conduct after hours business. Should they be at fault for that? Not sure…but I do know that I do not believe the NAR pumped up the consumers/pre-REALTORS in the motivation of making more dues money. The picture is much larger than that. I too am concerned that NAR is supporting disastrous practices, clearly they are following the leader…”Oh - increase the FHA limits? OK - that will make the public FEEL better about what’s going on”. But the fact is politics is a follow the leader game and we have to just hope that the leader is going in the right direction. Not happening here obviously.
Look, is NAR motivated by money? Of course, all business is. They have been lobbying for years to keep the banks out of real estate. I just don’t think it’s logical that NAR would sway the market in an effort to make dues. THE DUES ARE NOMINAL. What concerns me more is the follow the leader attitude that does nothing more than create frenzy. The same frenzy we saw in 2005…just in the opposite direction.
Look to, and be hard on, the media. It is the media that ultimately decides which way we will turn because unfortunately most people believe what they see on TV - whether or not it’s true or valid.

]]> By: judicious1 http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/#comment-2123 judicious1 Tue, 18 Sep 2007 21:00:00 +0000 http://www.doctorhousingbubble.com/when-the-housing-clock-stops-ticking-why-the-median-price-is-going-up-while-sales-are-going-down/#comment-2123 Dr HB,<br/><br/>Great blog. I was wondering about your thoughts on "desirable" areas of SoCal. You mentioned "More money and better locations will always carry a premium." While that may be true, I'm not so sure people in these areas haven't been stretched beyond their means. My gut feeling is double-digit percentage declines in even the most desirable areas along the coast. The low and middle priced markets have dropped first in previous corrections, but the higher end homes follow shortly thereafter. Thoughts? Dr HB,

Great blog. I was wondering about your thoughts on “desirable” areas of SoCal. You mentioned “More money and better locations will always carry a premium.” While that may be true, I’m not so sure people in these areas haven’t been stretched beyond their means. My gut feeling is double-digit percentage declines in even the most desirable areas along the coast. The low and middle priced markets have dropped first in previous corrections, but the higher end homes follow shortly thereafter. Thoughts?

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