Comments on: Getting Back on Track: Are We There Yet? http://housingstorm.com/2010/01/getting-back-on-track-are-we-there-yettrack/ Real Estate News from Real Estate Experts Sun, 12 Feb 2012 13:38:19 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Andrew Jeffery http://housingstorm.com/2010/01/getting-back-on-track-are-we-there-yettrack/#comment-1171 Andrew Jeffery Wed, 06 Jan 2010 06:06:22 +0000 http://housingstorm.com/?p=2458#comment-1171 Dave, You are right, there are definitely markets where values seem to be holding. My one concern is that almost without fail, these are the most distressed areas, ones where foreclosures dominate sales. With the government so actively involved in keeping inventory off the market, will that disrupt what would normally be a natural correction? True, government has always played an active role in the housing market, but there are also plenty of markets that dipped well below their historical trends before Washington got aggressive with foreclosure moratoria. Likewise, in the higher end markets (look out for next Monday's article looking at Palo Alto, CA's long term chart) historical trends are not yet in play. Thanks for the comments Andrew Dave,

You are right, there are definitely markets where values seem to be holding. My one concern is that almost without fail, these are the most distressed areas, ones where foreclosures dominate sales. With the government so actively involved in keeping inventory off the market, will that disrupt what would normally be a natural correction? True, government has always played an active role in the housing market, but there are also plenty of markets that dipped well below their historical trends before Washington got aggressive with foreclosure moratoria.

Likewise, in the higher end markets (look out for next Monday’s article looking at Palo Alto, CA’s long term chart) historical trends are not yet in play.

Thanks for the comments

Andrew

]]> By: Dave Roberts http://housingstorm.com/2010/01/getting-back-on-track-are-we-there-yettrack/#comment-1170 Dave Roberts Wed, 06 Jan 2010 01:59:36 +0000 http://housingstorm.com/?p=2458#comment-1170 Applying a long term housing appreciation trendline to your graph would indicate that prices today aren't too far from where historical indicators would place them. There's a clear bubble from 2004 to 2007, but in the markets I look at we are holding value today, especially in entry level homes. Your chart shows the same thing with the uptick in year over year value for the last six months. Applying a long term housing appreciation trendline to your graph would indicate that prices today aren’t too far from where historical indicators would place them. There’s a clear bubble from 2004 to 2007, but in the markets I look at we are holding value today, especially in entry level homes. Your chart shows the same thing with the uptick in year over year value for the last six months.

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