Real Estate Forums

Tania · 12-21-2005, 05:37 PM

http://news.yahoo.com/s/nm/20051221/...y_mortgages_dc

even though its been a lull for mortgage applications for the last couple of years its still an interesting read
not sure how this may be different for the new year but there is still a lot of new construction socan be too much of a slump this holiday season

REMAX LV · 12-22-2005, 05:07 PM

Well, I think that we can all argee that the real estate market, over all, has slowed down a little bit? Does anyone have any thoughts as to why? Do you think that Katrina and so forth had anything to do with it?

Tania · 12-22-2005, 07:17 PM

no honestly i don't think it has anything to do with katrina as to what was there previous housing market like nothing to comapre to in other areas of the us you know the hot spots new york, arizona, florida etc

as much as people read about it their are some housing bubbles and the market is headed for a correction

I have to find this article where it discusses the recent migration habits due to excessive housing costs so people are relocating which are causing other markets to pickup economically and produce other developments that are causing quite a stir

not to mention major corporations basically doing restructing look at gm , the suppliers who rely on them, Sci sanmina corporation, guess jean co
companies load up and go over seas and set up shop where its cheaper

so many industries are finding ways to cut expenses typically the labor force to remain profitable and keep those shareholders happy even though people are shifting their investment portfolio

to get back to the housing industry areas that are overpriced many consumers will be content with renting where maintenance is handled by the landlord

we will see how others feel

Las Vegas Real Estate · 12-29-2005, 11:26 AM

What I simply do not understand is how people who are used to living and working in a state like CA, can just pick up and move their businesses and lives to somewhere like Iowa? That does not seem reasonable.

San Diego Homes & Condos · 12-29-2005, 02:00 PM

I agree even though it is expensive it would be harder for someone to pick up and move somewhere cheaper to live if they were established somewhere like California and start all over.

Tania · 12-29-2005, 05:56 PM

yeah i can see your point but many professions are located within virtual offices which makes relocation a lot easier

or when you see mergers such as fleet and bank of america they shift certain operations certain opening up new opportunities in different venues that are cheaper to operate and cheaper economically for the employees

kind of like a chain reaction but even without these change in venues for these corporations like said people are very mobile

example an investment portfolio manager most of the business takes place behind the scene which opens up a choice of location of where one would like to reside

here is the link for the migration story I spoke previously about, so I guess its an easier decison to relocate than anticipated

http://money.cnn.com/2005/12/12/real...ainers_cities/

Las Vegas Homes · 06-06-2006, 06:51 PM

Good point as to the fact that many businesses are now virtual, but overall I think that, like Las Vegas Real Estate said, it would be hard for many people who are used to a place like CA or Las Vegas to just get up and move to a rural area or small town!

Tania · 06-06-2006, 08:00 PM

Agreed Im from california and honestly you couldn't pay me enough to live in some place like iowa

depends on the background

Im use to a city atmosphere and I always need to be in that environment but I don't likeclutter so there are many pockets in the west that I know I would enjoy if I had to relocate no problem

frobn · 06-07-2006, 09:24 AM

Quote:

Originally Posted by REMAX LV

Well, I think that we can all argee that the real estate market, over all, has slowed down a little bit? Does anyone have any thoughts as to why? Do you think that Katrina and so forth had anything to do with it?

"Little" is relative to the area you are in. The slowdown in the Forida Keys started about 18 months ago. At that time there were 2100 listings in the MLS today there are close to 5000. Inventory is increasing at an alarming rate all throught So Florida. What happened? Its obvious that investors stopped investing and speculators stopped speculating. I know many Realtors who themselves got caught up in the "buy at any price because there is no ceiling" frenzy which inflated prices to astromomical heights. Should we feel sorry for them and the mess many got themselves into, like mortgages greater the their property values? With high inventory and investors out to the market the market should correct, but when? Its weird that prices have so far been resistant to change while properties remain on the market for many months where there were multiple offers within a day or two several months ago. One positive force is that there are many baby boomers who seem to be waiting on the sidelines.