The District Weekly - Latest Comments in WORST HOUSING SLUMP EVER

Re: WORST HOUSING SLUMP EVER

Theo Douglas — Wed, 30 Jan 2008 12:50:12 -0000

You kids play nice.
Our neighbors on my old street were named O'Homes; I wonder if Kathy knows them.

Re: WORST HOUSING SLUMP EVER

rebecca — Wed, 30 Jan 2008 04:22:20 -0000

Dave, you fucking pig! Leave the nice Utah lady alone!

Re: WORST HOUSING SLUMP EVER

Dave Wielenga — Wed, 30 Jan 2008 02:20:17 -0000

KathyO, you can plant your flag in my front lawn any time. Do you mind if I ask: are those estates...uhhh... real?

Re: WORST HOUSING SLUMP EVER

Kathy — Tue, 29 Jan 2008 20:40:02 -0000

It is a good time to buy. Although the Utah market has not taken the steep spikes that most markets have in the last few years it has come down to a realistic level. See what Utah pricing is doing at KathyOHomes.com

Re: WORST HOUSING SLUMP EVER

Roy — Tue, 29 Jan 2008 18:15:19 -0000

No it really is a good time to buy. Interest rates are so low again, it almost makes real estate affordable, at least the below market value Foreclosed Houses.....

Re: WORST HOUSING SLUMP EVER

LBRez — Tue, 29 Jan 2008 17:07:12 -0000

Some items of interest in the housing industry: KB Homes posted a pretty significant loss in 2007 ($900+million) and paid their CEO a $6million bonus. New home sales usually drop first and fastest since they are on the outer rings of urban/suburban areas and the builders can drop the prices on new stages to move the inventory and payoff the dirt. Most builders have been building on land purchased long, long ago and the last several years their profits have been huge given the relative cheap dirt they locked in. Median prices have fallen because the homes that are selling are 1st time buyer type properties, condos, etc. and the upper ends of the markets are not moving or even being listed. Most of the foreclosure defaults are falling around the median area prices which leads to that line moving down. Even with the troubles in the sector the last half of 2007 more Americans experience homeownership now than ever before. Finally, the subprime market consists of less than 10% of the new loans funded in the past 4-5 years for the country.