Comments on: Breakdown of Single Family Homes by Price

By: tcar

tcar — Thu, 29 Oct 2009 21:54:32 +0000

Hi, This is Todd Carpenter. I’m the Social Media Manager at NAR. Just for the clarification of some of the commentators asking here, Lawrence did not post the above comment attributed to him. They are his words, but someone else posted them to this blog.

By: Matrix » [S&P/Case-Shiller Home Price Indices] August 2009 up 1.2% M-O-M, May Go Negative in September

Wed, 28 Oct 2009 13:23:17 +0000

[...] friend Barry Ritholtz over at Big Picture does a very interesting analysis on the high end of the market showing that it now only represents [...]

By: Transor Z

Transor Z — Tue, 27 Oct 2009 17:22:36 +0000

It IS a direct quote from Yun’s statement though.

By: cvienne

cvienne — Tue, 27 Oct 2009 17:03:59 +0000

@Yun

Does somebody actually pay you to be a tool?

If so, where can I apply for that job?

By: Mannwich

Mannwich — Tue, 27 Oct 2009 16:22:45 +0000

I think Barry’s pulling our leg here. Mr. Yun wouldn’t dare venture into the hornets nest, now would he?

By: Los Angeles Real Estate Los Angeles Real Estate - Breakdown of Single Family Homes by Price | The Big Picture

Tue, 27 Oct 2009 15:16:12 +0000

[...] here: Breakdown of Single Family Homes by Price | The Big Picture Share and [...]

By: Barry Ritholtz

Barry Ritholtz — Tue, 27 Oct 2009 14:58:38 +0000

“Lawrence Yun, NAR senior economist, said a good buyers’ market has evolved.”

http://www.realtor.org/press_room/news_releases/2007/hef_july07_housing_prices_recover.html

By: Transor Z

Transor Z — Tue, 27 Oct 2009 14:50:00 +0000

The jumbo loan market is very sensitive to $8k tax credits. I can’t believe I actually thought that was Yun. I’ve been Punk’d. Nice!

By: ashpelham2

ashpelham2 — Tue, 27 Oct 2009 14:48:57 +0000

I am amazed that banks are lending again on mortgages, but I shouldn’t be because the gubment is basically underwriting all of it. Heck, they were before all of this mess happened for a large chunk of mortgages.

What I want to know is, nationally, why hasn’t there been more publicized talk of across the board debt write-downs on properties and the associated notes that will never reach those prices again? This seems like an idea that would have saved a lot of people in their homes, which I know isn’t the most important thing here. See, to me, if there is a large scale write down of the value of my property, and then a forgiveness of some part of my note (nontaxable, of course), the government takes some of that money they pissed away to the banks and helps TWO parties, the homeowner and the bank, not just the bank.

Again, I know the little guy isn’t the one we are truly trying to help here. I live in a eutopian world, in my mind :D. I also think, in my mind, that Kate Beckinsale would find me maddingly witty and devastatingly handsome, should we per chance to meet. :D

By: tawm

tawm — Tue, 27 Oct 2009 14:40:38 +0000

Hal — but what the heck does one get for less than 100k? Especially some of these properties where no occupant has really given a damn about maintaining them?