"Housing Show Signs of Life." Bulletin, 10/28/12.
I'm sorry, it's pretty hard for me to take an article about housing seriously that consists of quotes from real estate agents.
Uptick in building and deed activity? From what I've read elsewhere, the supply of million dollar homes in Central Oregon is sky high.
From what I've read elsewhere, most of the sales activity has been in the lower priced homes.
Three other things that seem a little off in the reasoning.
One. They are comparing sales in the last year to to horrid, horrid sales of a couple of years ago. Fair enough, if you are trying to pick the bottom of the market. (Though I think quoting a buyer as being concerned that they missed the bottom is a little ridiculous.) But I think it's more that the patient has been moved out of the I.C.U. but is still critical.
Two. The sales are resulting from prices dropping drastically? So that's good, right? That everyone is taking a haircut?
Three. Less bank owned sales. That would seem to be more a matter of the banks having held back for legal and logistical reasons than because the banks don't have a ton of homes to sell.
5 days ago