Trough 2010 Q3 for Real Estate?

[Kapohocat]

I have been reading and it looks like the third quarter is expected to be the end of the trough ? Any thoughts?

[nanasohana]

From what I read, I think realestate has a ways to fall...

[riverwolf]

depends on the zip code, I have been flipping houses for some time and IMHO it's starting to level out, especially as the forclosure market shrinks. most realtors say they been busy lately

riverwolf

[durian]

That would be a nice question to know the answer to! I had predicted now would be the trough, however the uncertainty in the US and European economies is worse now than I had expected, so I think the the trough still hasn't arrived. Maybe another year. Only the baby Jesus knows for sure.

[tada]

When I pass by Moanalua Garden I always see the tour buses unloading Japanese tourists- they love Moanalua Gardens. Though I'm assuming they are tapped out. Where are the emerging middle class from China, India, Indonesia and Thailand- when they get tired of looking at their palm trees they can look at our palm trees. Also the more established middle class from Aus and Canada.

I heard Chinese can't own property outside China- not made clear in this article-

http://www.reuters.com/article/idUSTRE65T22020100630

Other people want to make friends- I just want to make money.
James Cramer

[Kapohocat]

quote:

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Originally posted by riverwolf

depends on the zip code, I have been flipping houses for some time and IMHO it's starting to level out, especially as the forclosure market shrinks. most realtors say they been busy lately

riverwolf

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You are kind of info I was looking for - we are thinking of buying fixers.

[DanielP]

2 more years to a bottom. Banks are still sitting on a ton of foreclosable properties and very slow to process the foreclosures that they do get offers on. Estimated inventory of houses for sale is an 11 month supply.

Dan

[missydog1]

Not every foreclosure is slow to process, at least I know someone who put an offer in on one, on this island, fairly new on market, got a response within 48 hours, and closed in less than 60 days, in fact the bank had conditions for closing on time that were very strict. I believe it that there are numerous more foreclosures in the pipeline though ...
ETA
Cat, this article is worth reading and explains a lot
http://www.huffingtonpost.com/2010/08/04...tml?page=1

[Kapohocat]

Very interesting article. Thanks! i forwarded to two friends who are in that whirl pool.

[missydog1]

So glad you liked it, Cat. []
Sorry to hear your friends are in the whirl pool of hell.