13 replies to this topic

[nimblebear]

Used home prices look like they topped in this area, before January. They have broken a strong trendline up. Mines dropped $40k on paper since last year. Other in the area show equally sharp drops. Rarely has this area shown a drop, even before 1998. This could take some starch out of the industries affected by housing.

[eminimee]

a bullish view of builders. would fit my count for spx/oex to back off before embarking on a 3 of 3.

http://stockcharts.com/c-sc/sc?s=$HGX&p=W&yr=5&mn=0&dy=0&i=p27434630753&a=95450372&r=9889.png

[fib_1618]

Mines dropped $40k on paper since last year.

So......how much was it UP before the current pullback?

And where are you?

Fib

[briarberry]

Used home prices look like they topped in this area, before January. They have broken a strong trendline up. Mines dropped $40k on paper since last year. Other in the area show equally sharp drops. Rarely has this area shown a drop, even before 1998.

This could take some starch out of the industries affected by housing.

this might be one area affected by a housing slowdown, maybe ?

Companies in the consumer discretionary sector as tracked by Bloomberg have reported a 29 percent drop in earnings for the quarter, the worst showing of the 10 groups monitored.

http://www.bloomberg...6...hc&refer=us

[fib_1618]

Companies in the consumer discretionary sector as tracked by Bloomberg have reported a 29 percent drop in earnings for the quarter, the worst showing of the 10 groups monitored.

Meanwhile....

Fib

http://stockcharts.c...11879&r=169.png

[nimblebear]

Mines dropped $40k on paper since last year.

So......how much was it UP before the current pullback?

And where are you?

Fib

I bought in '98 before most of the run up. So I'm fine. It really doesn't matter unless you sell. There are a dearth of buyers though. Real estate agents aren't real happy right now. People who bought in the last year may be a little testy.
This may not be a trend yet, but it could slow some things down.

[Chilidawgz]

Used home prices look like they topped in this area, before January. They have broken a strong trendline up. Mines dropped $40k on paper since last year. Other in the area show equally sharp drops. Rarely has this area shown a drop, even before 1998.

This could take some starch out of the industries affected by housing.

Our house is off 9.8% since Oct 2005...and still declining

Edited by Chilidawgz, 13 February 2007 - 08:14 PM.

[fib_1618]

Our house is off 9.8% since Oct 2005...and still declining

So...how much were you UP before the current pullback?

Fib

[stocks]

Home Prices - Expert Opinion Is Leaning Toward the Possibility of Additional Price Declines

http://web-xp2a-pws....nt/dd020907.pdf

[pdx5]

Since Fib asked and no replies posted, this might be of interest.. My house built and bought new in 1999 was going for exactly double last year, 7.5 years later. Mine is not on market or recently appraised but houses in our sub-division are now sitting on the market unsold for several months. The few which sold were discounted around 10% from asking price. Now if only my assessor will drop my real-estate tax by 10% next year I will be ecstatic. But knowing how government works it's not gonna happen.