Local News: Ryegate, MT 

 | 

Sign Up

 | 

Sign In

Advertisment

Home sales in the San Fernando Valley on the rise

Full story: LA Daily News

San Fernando Valley home sales crept up 5.5 percent in May from a year earlier as more evidence emerged that a real-estate market recovery is gaining traction, a trade association said Tuesday.

Read All 3 Comments

Comments

Showing posts 1 - 3 of3
Party Bob

Lewisville, TX

|
Report Abuse
|
Judge it!
|
#1
Jun 25, 2009
 
HAHAHAHAHA! How gullible are people thinking that the market is bottoming out. What a joke. How about the fact that most of the homes purchased in the SFV were financed with these idiotic Option-ARM loans and the majority of these loans are set to recast in the next two years. I personally know 3 families in Porter Ranch who a scared because their loans will recast this year and they are underwater NOW before the recast. And also don't forget about the shadow inventory that the banks are holding onto and not listing. Drive around the valley and look for obvious empty homes with dead lawns but no for sale sign. They're everywhere.
Prof Watson

Burbank, CA

|
Report Abuse
|
Judge it!
|
#2
Jul 5, 2009
 
The new wave of foreclosures will drive prices down more. As the California economy continues to contract, more people will not be able to make their house payments and there will be more foreclosures.
Ronnie Realist

Sunland, CA

|
Report Abuse
|
Judge it!
|
#3
Jul 25, 2009
 
Gee Greg. How about another "feel good" article. Cut and paste is so easy.
How much of that inventory was foreclosures?.
How much shadow inventory is out there that is not on the MLS? People are still losing their jobs. The new foreclosures are going though the roof.

Dig for some facts. Add something to the Industry press release.

CAR and NAR are nothing more than self-serving cheerleaders for the Real estate business.

Get ready for part two of the double-dip recession.
People cannot afford to buy homes yet and they won't be for a long time.
Tell me when this thread is updated!
(registration is not required)
Showing posts 1 - 3 of3
Type in your comments to post to the forum
Name
(appears on your post)
Comments
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Daily Horoscope for December 5

Aquarius

It's a sociable and gregarious mood my dears, so it would be a shame to keep yourself to yourself. Not that there's much likelihood of that, because with the Moon in Leo and your seventh house of others, your popularity is on the rise and you're in demand. Why not go out with your other half, or meet some friends? Get everyone together for a drink or a meal.

Get your Horoscope »