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User Info Hoboken Homes Gone in 60 Minutes Signal U.S. Recovery in forum [Realty]
Tailrisk
Posts: 218
Incept: 2009-11-30

Galt's Gulch
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http://finance.yahoo.com/news/hoboken-ho....

Quote:

"People feel like now is the time to buy and they aren't isolated to one building in Hoboken," Yearley said in a May 23 conference call with analysts after the Horsham, Pennsylvania- based luxury homebuilder reported that quarterly orders for new homes surged 47 percent. "Confidence is up. The interest rates are there and they've been waiting so long to move on with their lives that they came out this spring."
Jocknomore
Posts: 189
Incept: 2009-01-03

Chicago
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Same here in the Chicago area, everything under contract quickly. 3.75% don't you know. Memories are short. Gee what precluded the meltdown in 2007?
Cjworkman
Posts: 7948
Incept: 2007-08-22
Green

Banned
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Not here in DC..

prices falling again slowly.

That said... inventory is low and nice well priced homes go very fast. It's just that situation isn't pushing up prices.

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Mayorquimby
Posts: 13916
Incept: 2008-09-18
Green
The Archaic Past
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Quote:
everything under contract quickly


Oh bull****.

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They who wish to hurt you, work within the law.
- Morrissey

Gold is theft.
Jocknomore
Posts: 189
Incept: 2009-01-03

Chicago
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I am an appraiser here, also have been looking to buy a home for a few years now. I have the MLS access and have noted some idiots paying just some 10% below the bubble prices already. Your mileage may vary but BS it is not.
Mayorquimby
Posts: 13916
Incept: 2008-09-18
Green
The Archaic Past
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Yeah it is. Have 4 or 5 friends in NYC area that work for Prudential, Corcorran and others and things are dead.

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They who wish to hurt you, work within the law.
- Morrissey

Gold is theft.
Jotapay
Posts: 16836
Incept: 2008-08-26
Silver
Tx
Online
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Austin is a little overheated at the moment. 4 month supply of homes. Anything centrally located is getting 4 bids.
Eaglewwit
Posts: 6054
Incept: 2007-11-30
Green
SoCal
Banned
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Recovery or signs of another bubble?
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