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Saturday, April 25, 2009

Green Shoots, Now Back to Housing

Hopefully you haven't minded the stock market research for the past few months too much but I am going to attempt to delve back into the real estate, the true point of this blog.

With the talk of "green shoots" in the financial markets, I am going to head back into the wide wonderful world of real estate. Even searching the financial markets gives you clues for real estate. Some of you may know about the S&P/Case-Shiller Home Price Indices. That is the leading measures for the US residential housing market, that tracks changes in the value of residential real estate both nationally as well as in 20 metropolitan regions including the Washington DC area.

Speaking of Washington DC area, I plan on taking a very local look at real estate by taking a long lunch one day, in the not to distant future, and going to the courthouse steps to watch a Trustee Auction and talking to some of the people within Fairfax County records to see what I can find.

In the mean time here is the new drive by short sale picture for 7301 Pimmit Ct. that is currently on the MLS.


And the repost of the old MLS short sale drive by picture for 5111 North 19th St. that is now on the market as an REO. Now that it is bank owned they got smart and FINALLY competitively priced the property.


My last 2 cents on the stock market are that the S&P will move diagonally from here for at least the next year, as we are in a trading range.