Comments on: No Real Estate Bubble In Alaska http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/ Wasilla, Palmer, and Mat-Su Valley Real Estate News Fri, 25 Jul 2008 17:39:42 +0000 http://wordpress.org/?v=2.3 By: eddie http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-2949 eddie Thu, 26 Apr 2007 21:54:35 +0000 http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-2949 I think matsu has room to move and expand in the years to come everything must go some where and we who live here know its north matsu and willow I think matsu has room to move and expand in the years to come everything must go some where and we who live here know its north matsu and willow

]]> By: Wasilla Real Estate News » Blog Archive » Monday Market Memo, 4/2/2007 http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-2178 Wasilla Real Estate News » Blog Archive » Monday Market Memo, 4/2/2007 Mon, 02 Apr 2007 17:37:55 +0000 http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-2178 [...] Ted Jones on Valley real estate [...] […] Ted Jones on Valley real estate […]

]]> By: Real Estate Blogging » Blog Archive » No Real Estate Bubble In Alaska http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-1765 Real Estate Blogging » Blog Archive » No Real Estate Bubble In Alaska Mon, 26 Mar 2007 06:43:25 +0000 http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-1765 [...] Original post by Marty [...] […] Original post by Marty […]

]]> By: Wasilla Real Estate News » Blog Archive » Palmer, Wasilla, Mat-Su Borough Real Estate Stats for 2/26/2007-3/05/2007 http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-272 Wasilla Real Estate News » Blog Archive » Palmer, Wasilla, Mat-Su Borough Real Estate Stats for 2/26/2007-3/05/2007 Tue, 06 Mar 2007 07:48:14 +0000 http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-272 [...] Notice what we have been saying all along.  Total sales are just about the same as they have been in past years.  So demand has not dropped.  But supply has risen so that now there is a higher supply than in 2005.  But the supply in February of 2007 is almost identical to that of 2006.  So far, it looks like Ted Jones is right…there is no bubble here. [...] […] Notice what we have been saying all along.  Total sales are just about the same as they have been in past years.  So demand has not dropped.  But supply has risen so that now there is a higher supply than in 2005.  But the supply in February of 2007 is almost identical to that of 2006.  So far, it looks like Ted Jones is right…there is no bubble here. […]

]]> By: Marty Van Diest http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-221 Marty Van Diest Fri, 02 Mar 2007 16:25:27 +0000 http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-221 Hi Eddy, If "hands on" buyer means someone who reads the newspaper for real estate ads, yes those will be there, but they will shrink in number every day. Why would someone look for their houses in the paper when they can do their own searches on the web? More and more people realize that they find more houses, more information about those houses, and more current information on the web then on any print media. Just think about the people that ask you about houses. Where are they getting their info. Yesterday was a good example, a man with the national guard came in to ask about some homes that his wife in Minnesota found on the web. He had a list of MLS numbers with stars by certain ones. It is rare these days that they bring in a marked up newspaper or color real estate magazine. Hi Eddy, If “hands on” buyer means someone who reads the newspaper for real estate ads, yes those will be there, but they will shrink in number every day.

Why would someone look for their houses in the paper when they can do their own searches on the web? More and more people realize that they find more houses, more information about those houses, and more current information on the web then on any print media.

Just think about the people that ask you about houses. Where are they getting their info. Yesterday was a good example, a man with the national guard came in to ask about some homes that his wife in Minnesota found on the web. He had a list of MLS numbers with stars by certain ones. It is rare these days that they bring in a marked up newspaper or color real estate magazine.

]]> By: Eddie (fast Streeper) http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-215 Eddie (fast Streeper) Thu, 01 Mar 2007 22:28:38 +0000 http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-215 Hi Marty, With regards to "79% of Buyers are now searching the web". What is Ted really suggesting about local marketing? Ok, I can see that there are many that do search the web. However , is Ted saying we should do away with printed advertising. My question is , if this were to happen , what kind of effect would this have on us as Realtors? By taking this step would it increase our business or decrease? I believe that there is and always will be whats called " a hands on Buyer" as opposed to using the computer. Hi Marty,
With regards to “79% of Buyers are now searching the web”. What is Ted really suggesting about local marketing? Ok, I can see that there are many that do search the web. However , is Ted saying we should do away with printed advertising. My question is , if this were to happen , what kind of effect would this have on us as Realtors? By taking this step would it increase our business or decrease? I believe that there is and always will be whats called ” a hands on Buyer” as opposed to using the computer.

]]> By: Marty Van Diest http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-214 Marty Van Diest Thu, 01 Mar 2007 22:09:41 +0000 http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-214 Hey...fast eddie. Yes, it's true that the higher priced homes are not selling as well as the builders and private sellers would like. But that doesn't make it a bubble. There are currently 149 homes on the market between 300-600K in the Palmer, Wasilla, Houston and OC areas. Since March 1 of last year 183 were sold, the previous year saw 160 sales and the year before that only 90 in the same price range. The demand has remained about equal to last year but the supply has increased, so houses are on the market longer, and they haven't appreciated as much as they did in 2005. But that still doesn't make it a bubble. A bubble is when a speculator can buy a brand new home, and put it immediately back on the market for $100K more and actually sell it like they were doing in California. A bubble is where 30-50% of the market are speculators, not owner-occupied buyers, like you saw in some developments in Las Vegas. You know for sure it's a bubble when it pops, like it has in California and a lot of those speculators are now trying to sell those brand new homes for $50-$100K less than the purchase price. Or as Ted Jones mentioned in Naples, Florida where some houses are selling for 41% less than last years prices. Hey…fast eddie. Yes, it’s true that the higher priced homes are not selling as well as the builders and private sellers would like. But that doesn’t make it a bubble.

There are currently 149 homes on the market between 300-600K in the Palmer, Wasilla, Houston and OC areas. Since March 1 of last year 183 were sold, the previous year saw 160 sales and the year before that only 90 in the same price range.

The demand has remained about equal to last year but the supply has increased, so houses are on the market longer, and they haven’t appreciated as much as they did in 2005.

But that still doesn’t make it a bubble.

A bubble is when a speculator can buy a brand new home, and put it immediately back on the market for $100K more and actually sell it like they were doing in California. A bubble is where 30-50% of the market are speculators, not owner-occupied buyers, like you saw in some developments in Las Vegas.

You know for sure it’s a bubble when it pops, like it has in California and a lot of those speculators are now trying to sell those brand new homes for $50-$100K less than the purchase price. Or as Ted Jones mentioned in Naples, Florida where some houses are selling for 41% less than last years prices.

]]> By: Eddie (fast Streeper) http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-213 Eddie (fast Streeper) Thu, 01 Mar 2007 20:09:28 +0000 http://www.valleymarket.com/2007/02/27/no-real-estate-bubble-in-alaska/#comment-213 Hi Marty, With regards to Ted's comments on the "real estate bubble in Ak" If Ted doesn't see that the prices of homes aren't going to drop but rather increase in the near future, why is it that the Higher end homes( exsisting and or new construction) are not selling in a time frame acceptable to the builder and or the private party? I've seen some builders homes sit on the market over a year. If it takes that long to sell a home, how then one see that the prices are going to increase? I've had several builders approach me and tell me that they want to be in the price range that the buyers are looking at and that price range in my opinion is anywhere from 200k to 280K. Anything priced higher as a spec, in my opinion, will take longer to sell. Hi Marty,
With regards to Ted’s comments on the “real estate bubble in Ak” If Ted doesn’t see that the prices of homes aren’t going to drop but rather increase in the near future, why is it that the Higher end homes( exsisting and or new construction) are not selling in a time frame acceptable to the builder and or the private party? I’ve seen some builders homes sit on the market over a year. If it takes that long to sell a home, how then one see that the prices are going to increase? I’ve had several builders approach me and tell me that they want to be in the price range that the buyers are looking at and that price range in my opinion is anywhere from 200k to 280K. Anything priced higher as a spec, in my opinion, will take longer to sell.

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