A place for residents of Marin County, CA and others to express their views regarding the real estate bubble and in particular the Marin real estate market
Wednesday, July 19, 2006
June, 2006 Results According to DataQuick
DataQuick has their June, 2006 results out for the Bay Area. It looks like my prediction about June being a strong "up" month for Marin was too optimistic.
3 comments:
June Y/Y after inflation for Marin: negative.
I like these minor deadcat bounces in Y/Y price appreciation every other month recently (February, April, June), as seen in your second chart.
This market is going down fighting!
It appears much like the change in rents in SF circa 2001-2004... like a jagged staircase heading rightward and downward.
Having "asking rent" figures charted, it was apparent that it took awhile for the landlords and tenants to see the "new reality".
There will be significant price increases very soon.
I predict a 20% increase by 1st quarter 2007.
Buy now or you may never be able to.
Awesome info. Thanks!
http://www.historiccentralphoenix.com
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