Final Poll Results
I plan on putting up a new poll soon so I am taking down the old poll. I'm posting the results here so that we can check to see how close we came to estimating how far housing prices actually did fall.
The national median existing-home price for all housing types was $220K in Aug., up 15.8% from Aug. '04. What will the national median price be closest to on Sept. 30, 2006?
Answers Votes Percent
1. Down 30% to $154K. -163 -43%
2. Down 20% to $176K. -60 -16%
3. Down 10% to $198K. -86 -23%
4. No change -35 -9%
5. Up 10% to $242K. -24 -6%
6. Up 20% to $264K. -3 -1%
7. Up 30% to $286K. -4 -1%
The national median existing-home price for all housing types was $220K in Aug., up 15.8% from Aug. '04. What will the national median price be closest to on Sept. 30, 2006?
Answers Votes Percent
1. Down 30% to $154K. -163 -43%
2. Down 20% to $176K. -60 -16%
3. Down 10% to $198K. -86 -23%
4. No change -35 -9%
5. Up 10% to $242K. -24 -6%
6. Up 20% to $264K. -3 -1%
7. Up 30% to $286K. -4 -1%
posted by Little_Silvered at 8:20 PM
4 Comments:
For the record, the national median existing-home price for all housing types was $211,000 in December 2005.
That is a decline of 4.1% from August.
the poll is self-reinforcing
you naturally have bears visiting this site, so they vote accordingly
Those results seem more fast than high to me. This year the market is going to bleed, but in 07/08 the real hemmorhaging will more likely occur.
I think it should have been worded "What DO YOU THINK the national median price WILL be closest to on Sept. 30, 2006, NOT WHAT YOU WISH IT TO BE?
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