I just put the finishing touches on the November, 2008, Gwinnett County Georgia Market Report. It is pretty interesting. For the first time in a while there is something that was unexpected that snuck in on me..
Category Archives: market report
Gwinnett County Market Report, November 2008
- Monday, 03 November 2008 23:44
- Written by Lane Bailey
- 2 Comments
Market Report Preview
- Saturday, 01 November 2008 16:41
- Written by Lane Bailey
- 0 Comments
I am prepping for my monthly Market report with the October preliminary data and the September final data… and something is definitely wrong.
Look for a full report Monday evening, but I wanted to toss something out there before the report is complete.
The final numbers for September came in pretty good… Sales were actually
Housing starts fall to the lowest level in 17 years… and it is good!
- Friday, 17 October 2008 21:22
- Written by Lane Bailey
- 0 Comments
Just off the wires in the latest housing news…
WASHINGTON (MarketWatch) — Construction of new homes dwindled to the second-lowest level in 50 years last month, as home builders sought to reduce the number of unsold inventories in an elusive quest to find the bottom of the historic housing collapse, according to government data Friday.
Housing starts fell 6.3% in September to a seasonally adjusted annual rate of 817,000, the lowest since January 1991 and just 19,000 above the record low, the Commerce Department estimated.
Starts of single-family homes tumbled 12% to an annual rate of 544,000, the lowest since February 1982 and the fourth-lowest ever. Read the full government report.
Housing starts were also revised lower in July and August. Starts in August were revised to 872,000, down from 895,000.
Of course, the big question is how can this be GOOD news?
It comes down to
That’s why we play the game…
- Thursday, 09 October 2008 23:20
- Written by Lane Bailey
- 0 Comments
I am hearing a score of different opinions about how this rescue or that bailout is going to affect the credit market, stock market or housing market. Seldom do the agree… most float to the extremes:
- It won’t have an effect at all, it is wasted money
- If we don’t, the world will crash down around us
Sneak Preview of my Market Report for Gwinnett County
- Wednesday, 08 October 2008 22:54
- Written by Lane Bailey
- 0 Comments
I will have the Market Report for Gwinnett County in the next day or two, but I thought I would leak a little of the information.