We saw the Pacifica REO on the previous post, and here are three four other REOs around the same price point (half-million) in Encinitas. Once they are closed, they should make for excellent double-dip banter if they end up selling for well under list price. But...
What are the ingredients for a double-dip? We could say that declining sales would be a precursor, and a downward trend in pricing would be an obvious sign. But the best signal would be houses on the market but not selling, listed for the same of lower prices than...
The mainstream media, hungry to proliferate the most negative news possible, is struggling to see an actual housing double dip. So cnbc.com has decided to just go ahead and call the "double dip". Here are excerpts: Sellers on the market today have cut $29 billion...
This interview with Robert Shiller is 20 minutes long, so here are some markers: 4:00 - He suggests more government intervention, particularly with regards to job creation. 14:00 - Housing forecasters are predicting that 'nothing's going to happen' over the next few...
This video has Yunnie saying that the sky may not be falling, which proves that he reads here. Larry, the next time they stick a microphone in your face, say that the problem with the record-high inventory is that the sellers are crazy about their list prices! Lower...
Everyone is looking forward to the existing-home sales data coming out Tuesday:
Hat tip to SM for sending this over, from our friend Nick at the WSJ: Is this what the beginning of a double-dip feels like? The number of homes listed for sale grew in many U.S. cities in July, a month when inventory typically declines. The supply of homes available...
All that is really needed for a double dip is for the arrogance of the sellers (and listing agents) to get so strong that it turns off the buyers, and nobody is left to play:
It could have been that the flippers, all on a good run, decided to go on vacation this week - and didn't coordinate their plans with each other? If it wasn't some quirky oddball coincidence, then maybe they're getting nervous? That's hard to believe, because this one...
How are we going to know if we have a double dip? What is a double dip? Investopedia defines a Double Dip as: "When gross domestic product (GDP) growth slides back to negative after a quarter or two of positive growth. A double-dip recession refers to a recession...
