Slowly, the pace of home resales is picking up

Orlando's resale-home market showed a few more signs of improvement last month, though even the local Realtors group described the pace of change as glacial.

[No Free Cake]

Mr Hussain and Mr Loh may be fine people but why should I care about their opinion about the future of the local real estate market?

[NAR SUCKS]

The great spin doctors at work again!!! We're still 25% below last year's numbers and the inventory is still too high... Maybe the bleeding is slowing down, but the bottom line is that we're still bleeding.

Bottom line... The time to buy is when the cost of owning a home is less expensive than renting the same home... Until then, don't listen to the crooks that make a commission on selling you something... Just ask the average joe that listened to them just six months ago.

[UF ALUM]

Home sales picking up is good news, but I want the prices to drop another 15% from todays prices before I buy... do you hear that sellers?? Lower your prices...

[Sarah]

Please, create a chart next time!

[Rhodes Scholar]

No Free Cake wrote:

Mr Hussain and Mr Loh may be fine people but why should I care about their opinion about the future of the local real estate market?

Because they know more about economics 101 than the real estate agents trying to convince the public that it's the best time to buy.

[Salespro57407]

Averages have fallen as the forclosures and short sales pull down the statistics. I have been watching prices as they have stabilized in Orlando. I feel bad for those that got into the market thinking real estate was a good way to get rich quickly, but prices will come back up- just like they always have. I'll feel bad for those waiting for the bottom too. It'll be in their rearview mirror.

[UF ALUM]

Salespro57407 wrote:

Averages have fallen as the forclosures and short sales pull down the statistics. I have been watching prices as they have stabilized in Orlando. I feel bad for those that got into the market thinking real estate was a good way to get rich quickly, but prices will come back up- just like they always have. I'll feel bad for those waiting for the bottom too. It'll be in their rearview mirror.

What you failed to mention is that it could take years before residential RE prices appreciate. People will start buying more houses when they can afford them.

In addition, prices will not appreciate so rapidly after we've hit "the bottom" that if people don't act fast, they will, to borrow a phrase from the NAR, "forever be priced out of the market."

[Rhodes Scholar]

Salespro57407 wrote:

prices will come back up- just like they always have. I'll feel bad for those waiting for the bottom too. It'll be in their rearview mirror.

Further evidence that real estate agent = used car salesman

Go back to school and get a real degree.

[Salespro57407]

Nice insult, bad aim. I know many are angry about the market. I haven't found anybody willing to accept blame.
Last week one of the biggest national builders raised prices in Orlando. I think we are seeing the bottom, but my crystal ball doesn't work any better than any real estate agent, car salesman, or Rhodes Scholar's.
Historically prices have appreciated 3%-6% nationally. I didn't buy my home with different expectations.

[UF ALUM]

Salespro57407 wrote:

Nice insult, bad aim. I know many are angry about the market. I haven't found anybody willing to accept blame.
Last week one of the biggest national builders raised prices in Orlando. I think we are seeing the bottom, but my crystal ball doesn't work any better than any real estate agent, car salesman, or Rhodes Scholar's.
Historically prices have appreciated 3%-6% nationally. I didn't buy my home with different expectations.

Which builder and where is the community?

Unfortunately, history can not repeat itself. The WSJ reported that 60% of the homes bought in 2006 were second homes or "investments" and an even greater percentage of loans issued were ARMs... two things we have never seen at such a high rate in US history.

So make your predictions, but keep in mind they are as valubale as a wooden nickel.

When the median price of a home is far greater than what the median household can afford and the number of foreclosures growing as rapid as they are, common sense tells you that we are no where near "the bottom."

[GloomerAndDoomer]

NOOOOOOOOOOO!!!! THIS CAN NOT BEEEE!!!! Prices must ALWAYS DROP!!!! HOUSES WILL DROP IN PRICE FOREVERRRR!!!! PEAK OIL!!!!! GLOBAL WARMINNNNNNG!!!

[Salespro57407]

The WSJ had a very interesting article last week about the housing crisis coming to an end. It's about Las Vegas and can be found at: http://online.wsj.com/article_email/SB1210036... .
Forbes magazine named Orlando as the 3rd best place in the nation to find real estate deals on Feb 12th.
Foreclosures are actually slowing according to foreclosures.com .
What will the media do to stay in front of the camera when they give up on forcing us into a deeper recession? Don't listen to the geniuses who think putting thousands out of work is a good idea- GO BUY A HOUSE NOW! Just be smart and don't overpay.

[UF ALUM]

Salespro57407 wrote:

The WSJ had a very interesting article last week about the housing crisis coming to an end. It's about Las Vegas and can be found at: http://online.wsj.com/article_email/SB1210036... .
Forbes magazine named Orlando as the 3rd best place in the nation to find real estate deals on Feb 12th.
Foreclosures are actually slowing according to foreclosures.com .
What will the media do to stay in front of the camera when they give up on forcing us into a deeper recession? Don't listen to the geniuses who think putting thousands out of work is a good idea- GO BUY A HOUSE NOW! Just be smart and don't overpay.

That was an op-ed peice with no mention of Las Vegas anywhere in the article. Did you read it? You won't find very many economists or RE analysts outside of the NAR who believe that values are starting to increase.

You should preface all of your advice with the statement: "I don't earn a dime unless you buy a house."

Would you like to sign a petition to reform the 6% welfare tax that supports used home "sales pros"?

You sound an awful lot like a "Local Realtor" who used to post on here... Whom I believe is now "Local Waitress."

[You Can Not Afford]

UF ALUM wrote:

<quoted text>
That was an op-ed peice with no mention of Las Vegas anywhere in the article. Did you read it? You won't find very many economists or RE analysts outside of the NAR who believe that values are starting to increase.
You should preface all of your advice with the statement: "I don't earn a dime unless you buy a house."
Would you like to sign a petition to reform the 6% welfare tax that supports used home "sales pros"?
You sound an awful lot like a "Local Realtor" who used to post on here... Whom I believe is now "Local Waitress."

Bitter, eternally priced-out rentie says WHAT?

[Salespro57407]

Personal facts:
Male
Education: BA USF
Business: Sale of products to builders
We ALL make less money when people stop buying houses.
Get out of that rental and get into a HOME UF ALUM!
Better yet- go to work and stop spending your time thinking up lame insults.

[UF ALUM]

Salespro57407 wrote:

Personal facts:
Male
Education: BA USF
Business: Sale of products to builders
We ALL make less money when people stop buying houses.
Get out of that rental and get into a HOME UF ALUM!
Better yet- go to work and stop spending your time thinking up lame insults.

Personal Observations:
Arrogant
Assuming
Uninformed
Uneducated
Hypocrite

[Salespro57407]

Sounds like the beginning of a great friendship.

[Florida Tea Party]

Somehow I would guess the media is hyping the terribleness of everything as much as the realtors are trying to polish a turd. The truth is probably somewhere in between - some good some bad.
If we could get our idiotic legislators to make property taxes equitable, perhaps the economy as well as the housing market would get in better shape quicker...

[The LR]

UF ALUM is just all pissy because he eatin chickin nuggets and payin rent.

Got Deed???

[Money where your mouth is]

The LR wrote:

UF ALUM is just all pissy because he eatin chickin nuggets and payin rent.
Got Deed???

And you don't "Got Deed" unless you own it outright. Otherwise you are just a trapped renter- renting from the BANK!! Real Smart!