Sunday, February 18, 2007

"The local housing market is hibernating"

Last time we heard from this real estate clerk on December 16, 2006 he claimed the "The local housing market is RED HOT".

He now has a new update and now claims "The local housing market is hibernating". He also claims "The homes here appreciated very little in the last year!". Uh, no they didn't, home prices were down last year!

He then goes on to say - " If you don't mind hot summers and you enjoy the invigorating atmosphere of a town experiencing explosive (but controlled) growth, Bakersfield will "knock your socks off." We seem to be experiencing a leveling in home prices, even a decrease in some neighborhoods. Good news for home buyers!"


hairy balls said...

I have been around bakerfield for all my 35 yeras of life.I would not pay more than 200k to live there.That market is out of control.Better get the local realtors off of drugs and back to reality.

Perfect Storm said...

While National Association of Home Builders chief economist David Seiders predicted signs of recovery are imminent, economists for government mortgage underwriters Fannie Mae and Freddie Mac said the market has further to fall.

Who to believe, the answer is neither the market is going to tank so far that you have to use your arm up to your elbow as part of the dipstick to get a good measure.

This guy in the article is an example of the strictest definition of a REALTWHORE.