Interesting review of data which shows people's attitudes to the housing slowdown. A large percent of owners think they could sell their homes for more today than they could have a year ago. This is called denial.

 

Submitted: Jun 22, 2007    Views: 261    Comments: 3    Likes: 5   


View Article: http://www.boston.com/realestate/news/blogs/renow/2007/06/five_stag...


Related Articles:



5

Email this story Email to someone | Print Story Print Content | Add to reading list

Comments Received:

JRodgers

As someone pointed out in response to an earlier story, the fact that people don't know that their homes have declined in value is not a bad thing unless they are in a position where they need to sell. This denial (or lack of knowledge) also probably explains why consumer confidence has stayed strong while all home price and sales indexes have shown real estate declines.

Posted: Jun 22, 2007

alexWoj
alexWoj

I am lucky that I live in the Bay Area where prices have stayed strong. I know that they are down big back East.

Posted: Jun 23, 2007

JRodgers

Prices have fallen in most places and will fall everywhere. The real estate bubble was a national obsession. We are in the second inning of a game that may go to extra innings (for those who can't relate to baseball analogies - I am saying that the US real estate market will decline for many years to come). As time goes on, it will affect consumer confidence, but these stats explain why it has yet to do so.

Posted: Jun 23, 2007



Add Your Comments:

Your Name:

Spam protection control:


Financial products of all nature bear inherent risks and this website is not a financial advisory service; it is a forum for users to share and to compare notes and observations on financial publications. The website provides, free of charge, the technical and logistical apparatus and the medium for users to share and to publish financial information and to comment on publications. As such, the website’s operator can not and does not take responsibility for information, observations or opinions of any sort or nature provided by third parties with whom it is not affiliated who use the website to publish, to comment or as a means of solicitation. Users are specifically warned against following any advice related to specific instruments, including, but not limited to, equity securities, that may be provided by other users directly on this site or on web pages to which other users have provided links on this site. BestCashCow.com can not and does not check or verify the qualifications and credentials of users who publish or comment on this site or on linked pages. Users should seek personalized advice from qualified professionals regarding all personal financial issues and evaluate the risks and applicability to their own circumstances of each financial product discussed regardless of who the publisher is or purports to be. Should you, through your use of this site, identify an individual or organization purporting to offer personalized advice, you bear all responsibility to ensure that the individual or organization has the qualifications that they may represent on the website, and that their advice is appropriate for your circumstances. On certain webpages, BestCashCow.com provides information related to rates on US-based savings accounts, CDs, short-term government bonds, and other US cash equivalent securities, also free of charge to internet users for their independent use. The accuracy of this information is not guaranteed, and the information, like all other information on this website, should not be construed to provide investment advice, nor to endorse a financial product of any sort.

© 2007 BestCashCow.com, LLC. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy.