Comments on: MLS Report - August 7th 2007

By: Chuchundra

Chuchundra — Sat, 25 Aug 2007 02:07:28 +0000

Hi Donald. Well, it wouldn’t be a proper real estate blog without a HH or two, so I bid you welcome.

By: Donald

Donald — Sat, 25 Aug 2007 01:15:54 +0000

Nice site you have here. I personally think the housing bubble only exists on the front page of newspapaers. Here in northern New Jersey (I got your link off of njrereport) prices are UP 1.7% while sales volume in many towns close to Manhattan is also up. Just the other week, K Hov sold 2 penthouses for $3 million each in Jersey City.

Feel free to check out my blog. The link is in my profile.

By: Chuchundra

Chuchundra — Mon, 13 Aug 2007 19:39:30 +0000

Hey there, Trev. It’s nice to see you over here on my new blog.

I certainly wouldn’t gainsay your experience here. It does seem to me that even though, as you say, August is traditionally down month, from my limited view of things it seems that there’s been more activity in the past couple weeks than there’s been in the rest of the Summer and late Spring.

People are always buying. If someone wants to be in a house before their kids starts school, they need to pull the trigger soon.

By: Trevor

Trevor — Mon, 13 Aug 2007 13:46:52 +0000

Actually, “dog days of summer” is a great way to describe the real estate market in August in any given year.

In my experience, August is absolutely the slowest month for home sales.

The busiest market times have traditionally been April-May and Sept-October.

Of late—the last three years—January has been kinda “hot” too. Go figure.

As for people buying in this crazy market: well, they are, just not in the numbers we’ve seen in recent years. Sure, we mortgage folks are nowhere near as busy as we’d like to be, but there are a couple of people out there looking to buy homes for reasons that have nothing to do with market silliness.