The Industry Standard - Bay Area housing price decline continues? - Comments

The prices are still

valett — Sat, 20 Jun 2009 14:56:19 -0400

The prices are still declining. However median price figures are not the clearest indicators, though, because they only reflect on properties currently on the market to be sold.

Sorry for the delay in

Ian Lamont — Tue, 02 Jun 2009 16:13:00 -0400

Sorry for the delay in judgment. Since this prediction was created last September, there has been a decline in the monthly data for San Francisco:

September 2008: -3.89
October 2008: -4.18
November 2008: -3.0%
December 2008: -3.8%
January 2009: -4.4%
February 2009: -3.3%
March 2009: -2.2%

The prediction has been judged accordingly.

Ian Lamont
Managing Editor
The Industry Standard
twitter.com/ilamont

http://www2.standardandpoors.

Tay Bass — Tue, 02 Jun 2009 14:29:54 -0400

http://www2.standardandpoors.com/spf/pdf/index/CSHomePrice_Release_05261...

Numbers are out: -2.2% from

David Kuan — Tue, 26 May 2009 16:02:53 -0400

Numbers are out: -2.2% from February.
See http://blogs.wsj.com/economics/2009/05/26/a-look-at-case-shiller-numbers...

A point-by-point analysis of

Ian Lamont — Tue, 26 May 2009 11:26:18 -0400

A point-by-point analysis of why the housing market still looks shaky:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/26/MNRB17JFHB.D...

This prediction looks like a done deal, but I need confirmation. If anyone sees a link, please let me know!

Ian Lamont
Managing Editor
The Industry Standard
twitter.com/ilamont

There is a two-month lag

Yi-Wyn Yen167771 — Thu, 02 Apr 2009 15:58:37 -0400

There is a two-month lag until the relevant figures will be published, so this prediction has been extended.

The housing bubble expanded

David Nash — Mon, 02 Mar 2009 09:18:22 -0500

The housing bubble expanded in the first few years of the 2000s and it took 6 year to Peak, driven by historically low interest rates and poor lending standards.

The housing boom ended in of 2005 /06. Unlike Sock Markets, Real Estate can not be expected to crash and reach bottom quickly. There has been steady re-valuation. But are we anywhere near the bottom?

The global economy will struggle to cope up with falling industrial and consumer demand for several quarters more. We can not expect Real Estate Market to improve until potential buyers get a feeling of financial security and economic well being which is absent today.

David Nash: http://www.exclusivereal.com

Projection that in 2009

Garrick Hileman932530 — Wed, 28 Jan 2009 19:27:24 -0500

Projection that in 2009 housing will decline another 15.5% and other details about how ugly it is right now:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOBlBuWQf9ko

Nov # are out. -2.98

David Kuan — Tue, 27 Jan 2009 09:49:37 -0500

Nov # are out. -2.98 relative to Oct.

But how many more

Garrick Hileman932530 — Fri, 23 Jan 2009 01:12:37 -0500

But how many more foreclosure properties will be added to inventory? Mounting job losses and other foctors will continue to drive home prices lower, imo.

Check out the news on condos:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/01/22/BUCT15FAG1.D...

Where is the bottom? How

David Kuan — Thu, 22 Jan 2009 13:54:49 -0500

Where is the bottom? How much more foreclosure properties are in inventory? According to HomeThinking.com, there are:

167 in Alameda
N/A in Contra Costa
N/A in Marin
725 in San Francisco
308 in San Mateo

Absent of these foreclosure properties, the index is sure to be better on a month-to-month basis.

Home sales soar as

Eric Hill113600 — Thu, 22 Jan 2009 11:22:52 -0500

Home sales soar as foreclosures drive down prices

More ugly

Garrick Hileman932530 — Wed, 21 Jan 2009 15:17:13 -0500

More ugly news:

http://finance.yahoo.com/news/Homebuilder-sentiment-index-apf-14117543.h...

How is THIS

Y A — Mon, 12 Jan 2009 22:27:08 -0500

How is THIS technology-related?

Not sure if brand new cars

Garrick Hileman932530 — Wed, 31 Dec 2008 04:03:16 -0500

Not sure if brand new cars even depreciate that fast?!

Bay Area housing price decline continues?

Garrick Hileman — Thu, 18 Sep 2008 13:23:42 -0400

The U.S. housing market has taken a beating. According to the S&P/Case-Schiller Home Price index, home values in twenty major metropolitan areas have declined by over 18% from their peak in Q2 2006

In the nation’s technology capital, Bay Area* home prices have fallen 26.8% since their peak in May 2006.

The big question is when will single-family home prices stabilize?

Prediction: The Case-Schiller San Francisco metro area index figure will continue to decline through March 2009.

For this prediction to be judged favorably, the Cash-Schiller index figure will need to decline each month from the previous month’s figure through March 2009.

*Note: The Case-Schiller San Francisco metro area includes homes from the following counties: Alameda, Contra Costa, Marin, San Francisco, San Mateo

Let the community decide. Place your bets below.