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Uncle Sam Adds 5% to Prices of Homes, Goldman Says

By
Industry Observer with Retired

Uncle Sam Adds 5% to Prices of Homes, Goldman Says

 

Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland  

Comments (16)

Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

IMHO, Measuring a "shadow inventory" is like making drug seizures the basis for a new variable in the GDP. It is not a measure, only theoretical. How good has Goldman been in the past at forecasting and vauling real estate mortgages, pricing, etc.

Oct 24, 2009 04:15 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Roy, if nothing else the 5% gain in home prices makes sense and I came to that conclusion months ago.  Many times the seller knows the buyer is getting the credit and therefore negotiates a little tougher...at least that's the way I see it.

Oct 24, 2009 01:44 PM
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Roy, I think what Nick said above makes a lot of sense: "Many times the seller knows the buyer is getting the credit and therefore negotiates a little tougher."

Leilani

Oct 24, 2009 08:01 PM