All Posts Tagged With: "decline"
Should We Cheer An 18-Percent Drop in Home Prices?
According to Business Week there’s good news on the home front. “Case-Shiller Home Prices Decline Only 18%” reads the headline. And then we discover that “the latest Standard & Poor’s/Case-Shiller housing index numbers out today show the market falling less dramatically than it had been earlier in the year. The 10 and 20 city indices [...]
1Jul2009 | Peter G. Miller | 0 comments | Continued
Must A Home Seller Accept Our Full-Price Offer?
Question: We made an offer — which was at the asking price — and owner thinks he now can get more and refuses to take our offer. Can he raise the price or does he have to accept? Answer: He does not have to accept — just think of all the homes in hot markets [...]
9Mar2009 | Peter G. Miller | 0 comments | Continued
Is Now The Time to Rent?
At a time when home values are soaring in most metro areas, along comes The New York Times with the thought that renting may well be a better financial choice than buying. The Times says that “after five years in which rents have barely budged while house prices in New York, Washington, Los Angeles and [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
What Some Folks Really Know About Bubbles
The idea of a real estate “bubble” is scary. Just the thought of a sudden, wholesale decline in housing prices nationwide is nearly enough to get your mind off the stock market plunge. Almost, but not quite enough. You remember the stock market — that’s the financial setting where there’s been a, er, correction. Let’s [...]
16Sep2008 | Peter G. Miller | 0 comments | Continued
Greenspan Speaks — Housing Beats Wall Street
Here’s today’s economic question: If you make a $1,000 profit in real estate will it impact the economy differently than $1,000 in profits from the sale of stock? You want to know the answer to this question because it may explain how plunging stock prices are impacting the economy — and whether you will have [...]
11Sep2008 | Peter G. Miller | 0 comments | Continued
