Jeff Ostrowski
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Home > Real Time > Archives > 2007 > December > 21 > Entry
Happy new year. Sort of.
The November home-sales report from Illustrated Properties Real Estate — affectionately known as Eye-Pee-Our-Eee — is out. If there’s any good news in the report, it’s this: Things can only get better.
And, eventually, they will.
Before we look at the IPRE numbers, though, mark your calendars for Dec. 31. Oh. You already have? Good. I hope you’ll still feel like celebrating after you peruse the official home-sales report from the Florida Association of Realtors, which comes out on New Year’s Eve.
If not, look at it this way: You’ll have a ready excuse for tippling the bubbly.
Now to the report. Home sales declined a whopping 40 percent in November compared with the same month a year ago, IPRE says. Buyers closed on 478 homes, down from 802 in November of 2006.
Inventory in Novembe rose 18 percent year over year, to 26,070 homes and condos listed for sale in Palm Beach County, IPRE says.
That’s up from 22,171 properties for sale in November 2006.
IPRE’s report is based on information from the Regional Multple Listing Service. So, too, is the home-sales report from FAR, but they don’t always jive.
For one thing, FAR’s numbers are “crunched” by the University of Florida.
Even if the numbers are not identical, IPRE’s report gives us an early look at the trends we’re likely to see in FAR’s much-anticipated monthly sales report.
In the meantime, Merry Christmas and Happy New Year. See you in 2008, which National Association of Home Builders Chief Economist David Seiders predicts will be “another down year.”
After that — perhaps in 2008, certainly in 2009, analysts say — the line on that graph of home sales will start inching up, and prices will start coming down a bit so that normal people can afford to live here again.
Permalink | Comments (9) | Categories: Linda Rawls
Comments
By A Kick in the Rawls
December 21, 2007 7:19 PM | Link to this
Linda Rawls post does continue to state “in the meantime, Merry Christmas and Happy New Year. NAHB chief economist David Seiders predicts 2008 will be “another down year.”After that — perhaps in 2008, certainly in 2009, analysts say — the line on that graph of home sales will start inching up, and prices will start coming down a bit so that NORMAL people can afford to live here again. NORMAL PEOPLE, NORMAL PEOPLE what does that mean? Does that mean unsuccessful people of low income? Or does it mean condo/apartment dwelling reporters without ANY real knowledge of what it takes to succeed in ANY RE MARKET resolve to strive to better herself by taking a basic economics course?
By Max Is Amazed By Linda
December 22, 2007 2:34 AM | Link to this
Linda, just how stupid are you?
The figures you are pointing us to indicate an 80 THOUSAND DOLLAR increase in average sales price in the past MONTH.
Is this your idea of “things can only get better”?
DO you stand by that 80K rise in the past month? If not why are you reporting the figures as being discouraging?
Sorry to be so blunt with a belle femme, but you really do present yourself as an idiot.
So what do you say about that 80,000K rise in average price last month, by your figures?
Catnip got your tongue?
By Max Clarifies
December 22, 2007 5:25 AM | Link to this
Sorry folks, for the confusing language. I want to know if Linda stands by that 80K rise in average price last month, or if she picks and chooses the IPRE data she wants to believe —and wants to report.
By FL Renaissance
December 22, 2007 1:54 PM | Link to this
Max, let’s not be too hard on perky Linda because it’s obvious she’s in way over her head in trying to contribute to a real estate (or for that matter any other “for profit” business endeavor)business blog. After all is Christmastime or fot that matter it’s Merry Chanukwanzamas time! So let’s be kind…besides with all the social gatherings the increased hair spray inhalation might be a contributing factor. Strongly suggest a transfer to a Holiday Decorating blog. Lovely Holidays to all!
By Max to Ren
December 23, 2007 4:13 AM | Link to this
I am with you, FL REN. Still. it’s a little bit exasperating to see half the story reported day after day, month after month, year after year, and to have these people maintain that they are honest or professional.
How does Linda manage to find a disaster in figures that indicate an extraordinary price surge?
Do I believe we improved that much in the last month? No. But it’s obvious that the data from IPRE is total nonsense, and need not be reported at all. Just reporting the discouraging figures rather than the amazingly encouraging figures is no kind of professional journalism that I know.
By Curious
December 23, 2007 6:21 PM | Link to this
Piling on more “disaster in figures” for eventually-having-to-confront, wishful thinking, heads-in-the-sand, pie-eyed optimists:
http://www.orlandosentinel.com/features/consumer/orl-bk-creditcard-122307,0,5938712.story?coll=orltab01layout
By Max Gets Ready for Christmas
December 24, 2007 12:21 AM | Link to this
…with a good laugh. Isn’t it funny how whenever someone mentions “stupid” and “dishonest,” Curious raises his hand?
So Curious, since you imply you agree with the IPRE figures, how do YOU explain their 80K average price rise in one month?
We’re “Curious” (God help us) to know.
Don’t hold your breath waiting for the idiot (Curious) to answer, folks. He has no answer.
By To Max and Ren
December 24, 2007 10:27 AM | Link to this
Thanks for the good laugh on this beautiful Christmas Eve! Let’s all blame Linda for the real estate DISASTER. If that makes you feel better guys, keep on leading the cheer. Let’s hear it for downward spiraling real estate market….Hip Hip, Hooray!!!!
By TO: To Max and Ren
December 24, 2007 7:11 PM | Link to this
With median house prices UP in Broward over the past year, flat in Miami-Dade, and down 5% in Palm Beach County, inquiring minds would like to know what real estate “disaster” you are referring to.
YOUR being unable to afford your house (or any house) does not constitute a real estate “disaster” for the rest of us.