tag:blogger.com,1999:blog-9299655.post555397033895481937..comments2024-03-18T21:53:54.073-04:00Comments on Lehigh Valley Ramblings: Morning Call Incorrectly Claims Home Sales Up in '09Bernie O'Harehttp://www.blogger.com/profile/13756311150988957401noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-9299655.post-54912450946235210242010-01-26T19:52:01.568-05:002010-01-26T19:52:01.568-05:00ironpigpen - Really? Do you really expect the wor...ironpigpen - Really? Do you really expect the worst recession in history (brought about by the complete and utter failure of the Bush presidency) to be turned around in 12 months? If your movement wasn't so vapid, you might actually attract more than the politically and factually ignorant people out there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9299655.post-16983962795862240242010-01-26T15:18:03.024-05:002010-01-26T15:18:03.024-05:00Hope and Change
Yes We CanHope and Change<br /><br />Yes We Canironpigpenhttps://www.blogger.com/profile/11792492001296361796noreply@blogger.comtag:blogger.com,1999:blog-9299655.post-63134218657293830962010-01-26T15:15:19.271-05:002010-01-26T15:15:19.271-05:00The home real estate market is dead. I see this ev...The home real estate market is dead. I see this every day in my job as a searcher. If it were not for commercial transactions, there would be none at all.Bernie O'Harehttps://www.blogger.com/profile/13756311150988957401noreply@blogger.comtag:blogger.com,1999:blog-9299655.post-51321664882550922242010-01-26T15:05:08.697-05:002010-01-26T15:05:08.697-05:00I think the commentor was asking was whether these...I think the commentor was asking was whether these transfers are all HOME sales and not land or commercial sales. The HOME component may have gone up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9299655.post-61361237478637923382010-01-26T15:02:05.234-05:002010-01-26T15:02:05.234-05:00It seems the "investor class" should als...It seems the "investor class" should also realize that a recession is psychologically motivated.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9299655.post-22598038425662096242010-01-26T12:48:36.167-05:002010-01-26T12:48:36.167-05:00numbers never lie; only statistics donumbers never lie; only statistics doAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9299655.post-19315844570663116322010-01-26T10:29:40.437-05:002010-01-26T10:29:40.437-05:00They are two different numbers. I do not distingui...They are two different numbers. I do not distinguish outright transfers, which could involve a divorce or parent-child transfer an estate, and an outright sale. But if anything, this general decline in EVERYTHING substantiates the proposition that the real estate market remains depressed. It is ridiculous to conclude that those no consideration transfers would go down while sales would increase. If anything, they are increasing.Bernie O'Harehttps://www.blogger.com/profile/13756311150988957401noreply@blogger.comtag:blogger.com,1999:blog-9299655.post-38732654629681975912010-01-26T09:59:38.574-05:002010-01-26T09:59:38.574-05:00is it possible that real estate transfers are down...is it possible that real estate transfers are down, as the county records show but that home sales, a subcomponent of real estate transfers, are up. What I am saying is that real estate sales are not the same as home sale? Two different numbers perhaps.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9299655.post-65416083877234522052010-01-26T09:52:44.516-05:002010-01-26T09:52:44.516-05:00"so where do the numbers come from?" - T...<em>"so where do the numbers come from?"</em> - The are not lying, but area realtors rely too heavily on the multilist to determine facts. The raw data is right at the courthouse, and the raw data demonstrates clearly that real estate transfers, at least in Northampton County, dropped 10% in 2009 below 2008's figure.Bernie O'Harehttps://www.blogger.com/profile/13756311150988957401noreply@blogger.comtag:blogger.com,1999:blog-9299655.post-73351772683099669062010-01-26T09:42:37.851-05:002010-01-26T09:42:37.851-05:00Thank you very much this post. For quite a while ...Thank you very much this post. For quite a while I have been railing about the Mcall "reporting" housing stats based on numbers provided wholesale by realtors, who have a vested interest in casting the real estate market in the best possbile light. I have no issue if the Mcall wants to run a story that stats "so and so assoc. of realtors reports that . . ." At least then the public is put on notice that what they're reading is little better than a press release. However, the paper simply reports the findings as if there has been some type of indepedent verification of the findings, which clearly has not occured. <br /><br />It's generally accepted that the peak of the housing boom occured in the 2Q 2007. Less than a year later, I recall reading more than 1interview in the Mcall of local realtors saying that the worst was behind us and that, given low interest rates, it was a great time to buy. That mantra has continued pretty much unabated for the better part of 2 yrs. as the housing market continues to tank. <br /><br />To be frank, there are numerous properties and subdivisions in the LV that will likely prove to be virtually worthless in the coming years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9299655.post-31878754111139717522010-01-26T09:40:08.155-05:002010-01-26T09:40:08.155-05:00so where do the numbers come from? they had to ge...so where do the numbers come from? they had to get the numbers from somewhere, unless area realtors are just making them up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9299655.post-20124669994384582772010-01-26T09:18:22.053-05:002010-01-26T09:18:22.053-05:00What disturbs me is that this report is based agai...What disturbs me is that this report is based again on outright disinformation, dutifully reported, and even goes so far as to claim a reason for this nonexistent increase.Bernie O'Harehttps://www.blogger.com/profile/13756311150988957401noreply@blogger.comtag:blogger.com,1999:blog-9299655.post-21561484925235727982010-01-26T07:43:41.727-05:002010-01-26T07:43:41.727-05:00That's nothing. The Boston Globe's Web si...That's nothing. The Boston Globe's Web site at about 2 p.m. last Tuesday posted Democratic had won U.S. Senate seat even though polls were open until 8.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9299655.post-70562369829462838132010-01-26T04:43:12.641-05:002010-01-26T04:43:12.641-05:00The Mainstream media and government reports have b...The Mainstream media and government reports have been doing their best to paper over the fact that the "recovery" of 2009 is smoke and mirrors. <br /><br />Honestly besides the Internet and that our government hides truth in plain site for those who have an education (the investor class), our mainstream media looks more and more like Chinese media everyday.Jacobhttps://www.blogger.com/profile/09102023315304091273noreply@blogger.com