Credit Suisse Monthly Survey of Real Estate Agents reporting for November 2010 -- and the survey says: THUMBS DOWN!
The report started out with a little teaser:
"Traffic Inches Higher in November,"
which was good to read. Then, when scrolling through the major markets, it's all thumbs down, pretty much.
Some highlights:
Atlanta, GA - "No local moves, only relocations."
Austin, TX -- "Agents say the market remains weak, but relocation buyers have helped."
Chicago, IL -- "Buyers are scared by dropping values."
Dallas, TX -- "More first time buyers helped traffic"
Houston, TX -- "Appraisals are on the low side"
Los Angeles, CA -- "A Malibu beach home appraised for less than land value."
Minneapolis, MN -- "Seasonal slow down coupled with lethargic buyers."
Orlando, FL -- "Lenders now want DNA."
Phoenix, AZ -- "Snowbirds are back."
Seattle, WA -- "Fewer buyers, no showings."
- The Portland, OR market is covered on page 37.
Credit Suisse November 2010 - Monthly Survey of Real Estate Agents
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