Back in warm and sunny New Jersey
I just wanted to let everyone know that I'm finally back home. I was in Krakow for the week taking care of some business. It's good to be back here, mostly because of the weather. It really has been a rough winter for Eastern Europe.
The housing market is booming in Krakow and Warsaw as well, just like here. They've seen 25% YOY increases in top areas. They've got more variations on Home Depot than you can shake a stick at, and they are everywhere. They've got whole 'malls' dedicated to building and remodeling. The parallels between the boom there and here were really eye opening. New construction popping up everywhere. The locals seem to think that they are running out of buildable space near the town centers (centrum), but they've got a long way to go.
Updates and data should be back to their usual schedule this week.
Caveat Emptor!
Grim
The housing market is booming in Krakow and Warsaw as well, just like here. They've seen 25% YOY increases in top areas. They've got more variations on Home Depot than you can shake a stick at, and they are everywhere. They've got whole 'malls' dedicated to building and remodeling. The parallels between the boom there and here were really eye opening. New construction popping up everywhere. The locals seem to think that they are running out of buildable space near the town centers (centrum), but they've got a long way to go.
Updates and data should be back to their usual schedule this week.
Caveat Emptor!
Grim
15 Comments:
Would anyone consider buying in a flood plain, if, supposedly, the only time the garage flooded was during Floyd? The house has no basement, only the garage got flooded, supposedly.
My house flooded during floyd and I'm not in a flood plain.
Welcome back!
The house is in Hillsdale.
There's another listing that just came up today in a different town which requires flood insurance because there's a brook on the property, but disclosure notes that this didn't flood in Floyd.
What do you think is the best way to find out the truth about the flooding at these houses?
Thanks so much for everyone's thoughts on this...it truly helps!
latest rants from the mouth of chicago on interest rates - incorporates a WSJ article
http://www.hudsonteatenants.org/tearoom/viewtopic.php?p=2641#2641
Welcome Back!!
Rich did a great job keepin this machine rollin.. Thanks!
I'm surprised, no comments on todays Star Ledger Article by everyones favorite "skewed" Journalist.
"Jersey's still sale-ing along"
"Despite a slight cool-down from historic 2005, the state's housing market remains very hot"
I'm gonna get sick!
The ledger piece is nothing but fluff and puff..
grim
Grim,
I was in Gdansk last December visiting my parents and I must agree with you - Home Depot like stores are everywhere. I was amazed and astound when I saw how many are there - on almost every corner. I also noticed that the prices are going down. My parents live in a one of the nicest part of Gdansk (Wrzeszcz) and little over year ago there was a house with an asking price of $250K! - with an average person making less than $1K a month - good luck of selling it. It stayed on the market for over 2 years (as per my parents) and it just sold for less than $150K - even though I still think it was overpriced by about $30K. So the housing market in Poland is definitely slowing/cooling down - I'm hoping for the same here - but realistically I do not think it will be more than 20% top.
Trroll
P.S. Forgot my password.
Aloha,
I'm not exactly sure where the post office is. This house is west of the RR tracks and South of the library.
That chart says it all. housng market is slowing fast!
Low ball 25% off of inflated prices.
Anon 2:51
So do you really think someone will take $449 for a house they have listed at $599 right now?
If they do not have to sell then No. though they will regret it if they don't sell in about 12 months.
many sellers will track the market down.
I wonder how many sellers are "fishing" for their dream prices and won't bother selling if they don't get them, vs. how many really have to sell and will go through with the transaction almost regardless of price.
I just have to think with some of the ridiculous prices for awful POSs that people are just running their asking prices up the flag pole to see if anyone salutes, and if not, they'll just withdraw them from the market after their listing contracts expire.
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