Comments on: Most Overvalued Housing Markets http://www.phoenixrealestateguy.com/37/ Phoenix Real Estate -- Anything and everything about it. Plus random musings... Now with Phoenix area MLS Listings Search! Sat, 21 Nov 2009 14:25:35 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: gainesvillega http://www.phoenixrealestateguy.com/37/#comment-59625 gainesvillega Tue, 11 Aug 2009 19:43:18 +0000 http://www.buygilberthomes.com/?p=37#comment-59625 This data is shockingly scary at the moment. I feel sorry for people who are constantly losing their home value and do not know what to do.<br><br>Great article Jay on this. This data is shockingly scary at the moment. I feel sorry for people who are constantly losing their home value and do not know what to do.

Great article Jay on this.

]]> By: gainesvillega http://www.phoenixrealestateguy.com/37/#comment-58531 gainesvillega Tue, 11 Aug 2009 17:43:18 +0000 http://www.buygilberthomes.com/?p=37#comment-58531 This data is shockingly scary at the moment. I feel sorry for people who are constantly losing their home value and do not know what to do.<br><br>Great article Jay on this. This data is shockingly scary at the moment. I feel sorry for people who are constantly losing their home value and do not know what to do.

Great article Jay on this.

]]> By: Jane @Edison Movers http://www.phoenixrealestateguy.com/37/#comment-53994 Jane @Edison Movers Wed, 27 May 2009 18:37:37 +0000 http://www.buygilberthomes.com/?p=37#comment-53994 I agree with the previous commenter. Some areas are much more stable and are not being hurt as badly. I think Seattle is getting hit less hard, though that may change any day. Generally the areas with the most inflated home values will be the hardest hit. I agree with the previous commenter. Some areas are much more stable and are not being hurt as badly. I think Seattle is getting hit less hard, though that may change any day. Generally the areas with the most inflated home values will be the hardest hit.

]]> By: FlorenceAlHomesForSale http://www.phoenixrealestateguy.com/37/#comment-49945 FlorenceAlHomesForSale Sun, 29 Mar 2009 04:07:13 +0000 http://www.buygilberthomes.com/?p=37#comment-49945 Even if the bubble bursts, there will be areas that feel the effects less than others. These are the times when smaller, more stable local economies will reap the benefits that usually pass them by. Even if the bubble bursts, there will be areas that feel the effects less than others. These are the times when smaller, more stable local economies will reap the benefits that usually pass them by.

]]> By: ShellMedia http://www.phoenixrealestateguy.com/37/#comment-48806 ShellMedia Thu, 19 Mar 2009 19:34:19 +0000 http://www.buygilberthomes.com/?p=37#comment-48806 excuse me obama, please bailout my mortgage... excuse me obama, please bailout my mortgage…

]]> By: John @ John Vantine http://www.phoenixrealestateguy.com/37/#comment-47596 John @ John Vantine Thu, 12 Mar 2009 21:15:48 +0000 http://www.buygilberthomes.com/?p=37#comment-47596 Interesting to see York, PA on there. I certainly wouldn't want to live there. Interesting to see York, PA on there. I certainly wouldn’t want to live there.

]]> By: Cary real estate http://www.phoenixrealestateguy.com/37/#comment-47476 Cary real estate Wed, 11 Mar 2009 20:17:40 +0000 http://www.buygilberthomes.com/?p=37#comment-47476 That is not fair...and now realtor don't even want to adjust their mortgage plan to homeowner's whose houses are in the brick of foreclosure. So even if the economy is down, lender does not really lost money. Well, I just wish homeowners who's house are in foreclosures read you blog, so they can ask somebody to revalue their house, if the value they got when they bought is fair or overpriced. If it is overpriced they can forced the lender to low it down. Cheers, Michael McLaughlin, Cary real estate That is not fair…and now realtor don’t even want to adjust their mortgage plan to homeowner’s whose houses are in the brick of foreclosure. So even if the economy is down, lender does not really lost money. Well, I just wish homeowners who’s house are in foreclosures read you blog, so they can ask somebody to revalue their house, if the value they got when they bought is fair or overpriced. If it is overpriced they can forced the lender to low it down. Cheers, Michael McLaughlin, Cary real estate

]]> By: Cary real estate http://www.phoenixrealestateguy.com/37/#comment-47475 Cary real estate Wed, 11 Mar 2009 20:17:23 +0000 http://www.buygilberthomes.com/?p=37#comment-47475 That is not fair...and now realtor don't even want to adjust their mortgage plan to homeowner's whose houses are in the brick of foreclosure. So even if the economy is down, lender does not really lost money. Well, I just wish homeowners who's house are in foreclosures read you blog, so they can ask somebody to revalue their house, if the value they got when they bought is fair or overpriced. If it is overpriced they can forced the lender to low it down. That is not fair…and now realtor don’t even want to adjust their mortgage plan to homeowner’s whose houses are in the brick of foreclosure. So even if the economy is down, lender does not really lost money. Well, I just wish homeowners who’s house are in foreclosures read you blog, so they can ask somebody to revalue their house, if the value they got when they bought is fair or overpriced. If it is overpriced they can forced the lender to low it down.

]]> By: Tessie @Crane Repair Chicago http://www.phoenixrealestateguy.com/37/#comment-47084 Tessie @Crane Repair Chicago Fri, 06 Mar 2009 21:48:29 +0000 http://www.buygilberthomes.com/?p=37#comment-47084 If housing slumps occur in many of the major countries around the world, like Michael says, that will be a really huge problem globally. Everyone needs somewhere to live, so the effects of such a slump would be very far-reaching. I sure hope it doesn't get that bad, but looking at the direction things have been going in the past year it looks like it may be a very realistic possibility. If housing slumps occur in many of the major countries around the world, like Michael says, that will be a really huge problem globally. Everyone needs somewhere to live, so the effects of such a slump would be very far-reaching. I sure hope it doesn’t get that bad, but looking at the direction things have been going in the past year it looks like it may be a very realistic possibility.

]]> By: Cary real estate http://www.phoenixrealestateguy.com/37/#comment-45048 Cary real estate Mon, 23 Feb 2009 22:50:47 +0000 http://www.buygilberthomes.com/?p=37#comment-45048 In the past 12 months, US house prices have fallen by nearly 15%. This reflects a correction to a period of rapidly rising house prices, fuelled by cheap lending. However, the concern over house prices is not limited to the US. In fact, a study by the IMF suggests that many other countries have house prices that are overvalued relative to earnings, rent prices and other long term house price trends. According to the IMF, house prices are most overvalued in Ireland (30%), Netherlands and Britain (29%) America by contrast have house prices overvalued by only 10%. Therefore, there is a real possibility of housing slumps in other countries; if these housing slumps occur it could trigger slowdown in global growth, especially in Europe and OECD economies. Regards, Michael McLaughlin, Cary real estate In the past 12 months, US house prices have fallen by nearly 15%. This reflects a correction to a period of rapidly rising house prices, fuelled by cheap lending. However, the concern over house prices is not limited to the US. In fact, a study by the IMF suggests that many other countries have house prices that are overvalued relative to earnings, rent prices and other long term house price trends.

According to the IMF, house prices are most overvalued in Ireland (30%), Netherlands and Britain (29%) America by contrast have house prices overvalued by only 10%. Therefore, there is a real possibility of housing slumps in other countries; if these housing slumps occur it could trigger slowdown in global growth, especially in Europe and OECD economies.

Regards,
Michael McLaughlin, Cary real estate

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