Week Links - June 23
June 23rd, 2006
‘Tis the busy season for real estate, so sorry for the lack of posts lately. Here is a collection of real estate articles, posts, and thoughts from the past week:
Starting out, slim and thin - The Oregonian
First-time buyers and empty nesters shopping for a new home find market pressures have narrowed their options to “skinny” houses and town homes
The Ladies are Landed - The Oregonian
More solo women are skipping the wedding ring and buying the house
Cities are hot again - CNN/Money
After years of urban flight, Americans are finding the appeal of places like Philadelphia, Nashville and Seattle.
Lake Oswego’s cottages are both best and beset - The Oregonian
First Addition cottages get national attention, but are rapidly being replaced by ‘McCottages’
King Cob - Portland Tribune
Some people just talk about community vision, but Mark Lakeman, City Repair make it happen
Planned high-rises rival treetops - Portland Tribune
Some community backlash over the latest condo high-rise project
Record-Breaking Housing Boom May Be Nearing a Close - The Wall Street Journal
Economist Robert J. Shiller suggest the recent housing boom may have been psychologically induced
Land Prices Increasingly Drive Housing Markets, Fed Study Says - The Wall Street Journal
Housing prices in big U.S. cities have increasingly reflected underlying land value rather than building value
Housing Boom 2.0 - CNN/Money
Harvard study says there may be bumps along the way, but that the long-term health of the housing market is intact.
Technorati Tags: real+estate, trends, forecasts, condo, high-rises, Portland, housing+boom
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Entry Filed under: First-Time Buyers, Forecasts, National News
2 Comments Add your own
1. Peter | July 21st, 2006 at 10:36 am
Thanks for the post above. It helps me immensely in the research that I am carrying out.
I am a realtor myself and follow most of the posts with regard to Real Estate Boom.
In most of the posts, there are spins on demographics and interest rate.
Historically, the ratio of housing price to annual income
has been 2.1, with very little variation. In many parts of the country, this ratio is now approaching 10.5!
Our stock/housing pattern appears remarkably similar to the one Japan had 20 years ago. First the stock market busted.
Right after, the real estate market rallied, and it busted too
It is my belief that there is a wider human psychology involved and people are feeding on the basic fear and greed
principle.
Cheers!
Peter
Your Miami Realtor
2. Jacob | August 10th, 2006 at 10:24 pm
I’m praying for a hurricane to give you people a reality check! I’m not referring to the 10’s of thousands waiting for help from the government. I’m talking about you F#!@@ck’s that are on the city planning council. What do you think? Most of Miami is latin who have now voted for a latin Mayor—Blah—Blahh-blahh!!!. City counsel person———-what ever!!! If you think Miami will not be corrupt or any different than the people who basically make you live in a communist state in south america. I guess you have to learn like my family-3 generation’s before me! I’m sure they came from Ireland with their own kind! I’m just a little bitter because I live around all these poor ass people from South America who are stealing from the country that is educating their kids giving them a SSI retirement. Whatever- the only reality you’ll get is when your grandkids know what Thanksgiving and the 4th of July mean. If cuba,Peurto Rico and Columbia are so great! Why do you people live here? I don’t see anyone running to those places to train for the Olympic’s. Nor do I see them smuggle their family over there to eat. No one from my family came here to hate it but showed up in an old 50’s car welded into a boat. Get real! Your country’s probably beautiful but there’s a reason your here and not there! Must be better here! English is out language!
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