… in honor of the Celtics Win, your very own one of a kind, 2008 Larry Bird Replica Mustache!!!!
Yup… this one has nothing to do with Real Estate, but a buddy of mine put up an auction on Ebay for the One of a kind Replica. And how could I not do my best to add to the hype.
The bidding started at 99 cents and is currently riding the wave up to a whopping $8.50. Mostly due to the excellent sales pitch as you scroll further down on the item listing. I mean who doesn’t want to slap someone elses facial hair on their upper lip to improve their jumpshot??? I suspect the attention it got from a few other sites didn’t hurt either….
The auction only has a week left, so Bid while you can!!!!!
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More recent Case Shiller data came out at the end of May.
And of the 20 Cities it looks at, The biggest losers over the previous month are…..
1) Miami with a 4.7% loss
2) Las Vegas at a close second, down 4.6%
3+4)San Fransisco and Los Angeles tied at a 3.7% loss
5) And the best of the worst five award goes to Tampa down 3.5%
Only two cities were up, Dallas Texas and Charlotte North Carolina. While Denver and Cleveland deserve honorable mention for prices dropping the least amount.
Boston, MA Real Estate prices were down 1.1%, falling back to their January 2004 prices. And Detroit is the only City to fall to it’s 1999 prices (or even come close).
Graph time???…. Oh yeah….
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And she’s comming out swinging!!! In an attempt to combat the current housing market conditions, good old Fannie has agreed to start purchasing and guaranteeing 5% down loans (and some 97%LTV) across the board, even in declining markets. Effective as of June 1st, 2008.
“Across the board” doesn’t mean that Real Estate speculators will be getting the same deal, it’s only for Single Family Homes which are primary residences. But still, this is a HUGE improvement over the prior policy of requiring a larger downpayment for areas that were considered to be declining markets, which was just further choking much needed potential homebuyers out of the market.
While it’s not a guarantee that everyone will qualify for 5% down loans, it’s a great indicator that we are seeing the end of the kneejerk reaction to the Mortgage Crisis we’ve been living through in the last year, and that the worst is already behind us.
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And the newest Real Estate data from the Standard and Poors Case Shiller index is out. Because of the delay, the data is up through February of 2008.
What this means is that the difference in sales prices from twice prior sold single family homes only, has decreased across the board in the chosen cities above for the month of February. Unfortunately it’s not just the above city’s that saw a decrease, but every single city measured by the S&P:CS saw a decrease in prices in the month of Feb. Detroit has even fallen below it’s 2000 levels.
Considering the bad news that came in March, I don’t expect next months release to look much better…
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OMFG!!!! The economy is in the dumps, our highly intelligent and impeccably educated President has already said that we are in recession (even though others are still afraid to admit the old R word), and housing is heading back to 1999 prices….
Allright, you can’t exactly believe EVERYTHING you read. Bush is clearly not highly intelligent… And as far as housing heading back to 1999 prices… I’m not biting.
So I decided to take a look at some of the numebrs for Brookline Real Estate data:
Everything is up.
Market volume is up $46,636,400 (up from $15,036,500 the month before)
Average Prices are wayyyyy up $914,439 (up from $556,907 the month before).
Median Prices are slightly up $512,500 (up from $496,000 the month before).
Ok… well not EVERYTHING is up …. average days on market are down to 85 (down from 134 last month).
So things are looking pretty good for Brookline on average. Just to make sure, I thought I’d dig a little deeper and compare granny smith to granny smith, as opposed to granny smith to golden delicious. So I wanted to compare how we’re doing this month to the same time periods of earlier years.
In conclusion… still looking good Brookline, keep up the good work.
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