Sunday, November 05, 2006



Here are the five stages of the Bay Area housing grief:
1. Housing bubble? What housing bubble? A national severe price distortion (in housing) seems most unlikely in the United States. (Alan Greenspan, October 2004)

2. Theres a little froth in this market, but we dont perceive that there is a national bubble. (Alan Greenspan, May 2005)

3. Housing is slumping, but despite what you hear from some of the Eeyores in the analytical community, a recession is not visible on the horizon. (Richard Fisher, president of the Federal Reserve Bank of Dallas, August 2006)

4. Well, that was a lousy quarter, but I feel good about the U.S. economy, I really do. (Henry Paulson, the Treasury secretary, last Friday)

5. Insert expletive here.
And for those who prefer something a little closer to home, click here.


Blogger vfsv said...

Silicon Valley's reported median prices appear to be holding up but we increasingly see evidence of manipulation of the data.

We see it in our own neighborhood:

and also in reported county-wide stats:

Keep checking for all the latest numbers and news.


Nov 5, 2006, 8:00:00 PM  
Anonymous Anonymous said...

All I read was a lot of whining that the sellers made money. Whats your point? The manipulation of data (days on the market) have always been reset upon relisting.

Nov 5, 2006, 8:14:00 PM  
Anonymous Anonymous said...

US HOUSING?...Let IT "ROT on the LOT" until AT LEAST the end of 2nd quarter of 2007 !

We AREN'T living under Bridges and DON'T have to buy this Over-Priced CRAP !

Nov 6, 2006, 4:39:00 AM  
Anonymous Anonymous said...

I just noticed that video doesn't work in IE. It works fine in Firefox which is what I use. I'll try and see if I can fix it when I get home tonight.

Nov 6, 2006, 10:30:00 AM  
Blogger tigerjim14 said...

Wow so true...many of my friends are taking a bath in NoCal and SoCal This is a great post here...I could not agree more! Dedicated to inform the public on real estate issues. Keep up the great work!

Nov 14, 2006, 6:22:00 AM  

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