Comments on: All Real Estate Is Local (This Means You, Lake Martin) http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/ Just another realestatetomato.net weblog Thu, 28 Aug 2008 06:44:29 +0000 http://wordpress.org/?v=2.3.3 By: Lake Martin Voice » Blog Archive » Local Lending Would Have Helped Mortgage Mess http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-1347 Lake Martin Voice » Blog Archive » Local Lending Would Have Helped Mortgage Mess Tue, 17 Jun 2008 22:12:42 +0000 http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-1347 [...] more local lending would have helped because it€™s human nature to care more about the person you know than [...] […] more local lending would have helped because it€™s human nature to care more about the person you know than […]

]]> By: Perri K. Feldman http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-741 Perri K. Feldman Tue, 18 Dec 2007 00:22:08 +0000 http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-741 You are right on target. I read the national stats and hope that we will never feel their pain. Living so close to NYC, with easy access and wonderful homes, we are not feeling the pinch...I must say, Lake Martin has just entered my list of "must see" places. The community is lucky to have an agent like you to represent them! You are right on target. I read the national stats and hope that we will never feel their pain. Living so close to NYC, with easy access and wonderful homes, we are not feeling the pinch…I must say, Lake Martin has just entered my list of “must see” places. The community is lucky to have an agent like you to represent them!

]]> By: Chico CA Real Estate- Sandi Bauman http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-724 Chico CA Real Estate- Sandi Bauman Sat, 15 Dec 2007 19:34:55 +0000 http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-724 All real estate is LOCAL-- hopefully the buyers and sellers in Lake Martin heed these words and rely on a Lake Martin Real Estate professional to assist them! All real estate is LOCAL– hopefully the buyers and sellers in Lake Martin heed these words and rely on a Lake Martin Real Estate professional to assist them!

]]> By: Sam Freeman http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-721 Sam Freeman Fri, 14 Dec 2007 19:33:55 +0000 http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-721 Indeed, there is no national market. Here in Auburn, I neither saw these high appreciations during the boom neither a high drop in current home prices. However, markets who had high appreciations during the boom are likely to see sizable depreciations. Now, John should acknowledge that demand on Lake Martin during the boom was driven more by people seeking high appreciations (quick buck) than faculty at Auburn seeking a cabin on the lake to enjoy with family. Definitely, we will not see 75% depreciation on Lake Martin or anywhere(I wonder where this could be. Even Cleveland did not see this crash). But, we will see higher depreciation at Lake Martin than say Auburn... Indeed, there is no national market. Here in Auburn, I neither saw these high appreciations during the boom neither a high drop in current home prices. However, markets who had high appreciations during the boom are likely to see sizable depreciations.

Now, John should acknowledge that demand on Lake Martin during the boom was driven more by people seeking high appreciations (quick buck) than faculty at Auburn seeking a cabin on the lake to enjoy with family.

Definitely, we will not see 75% depreciation on Lake Martin or anywhere(I wonder where this could be. Even Cleveland did not see this crash). But, we will see higher depreciation at Lake Martin than say Auburn…

]]> By: The Best on The Vine, week of December 9 http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-719 The Best on The Vine, week of December 9 Fri, 14 Dec 2007 16:55:58 +0000 http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-719 [...] All real estate is local, a topic I have harped on several times on this site. John Coley from just up the road in the Lake Martin area says, “Basically they point out that while all markets are influenced by things like the mortgage market, most pricing and activity in the real estate industry is due to local factors. I couldn’t have said it better myself. [...] […] All real estate is local, a topic I have harped on several times on this site. John Coley from just up the road in the Lake Martin area says, “Basically they point out that while all markets are influenced by things like the mortgage market, most pricing and activity in the real estate industry is due to local factors. I couldn’t have said it better myself. […]

]]> By: Charlotte Real Estate-Terry McDonald http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-716 Charlotte Real Estate-Terry McDonald Fri, 14 Dec 2007 05:21:43 +0000 http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-716 Good post, we in Charlotte have missed most of the bad news... but you know I heard the first national news stories in early '05, long before even Florida went bad which was about 4th quarter 2005.Bottom line: you can aggregate, or tally all of the sales numbers nationwide and get a SALES number-- but that is all is is, the sum and average,which will say little or nothing about the individual markets. Terry McDonald Good post, we in Charlotte have missed most of the bad news… but you know I heard the first national news stories in early ‘05, long before even Florida went bad which was about 4th quarter 2005.Bottom line: you can aggregate, or tally all of the sales numbers nationwide and get a SALES number– but that is all is is, the sum and average,which will say little or nothing about the individual markets. Terry McDonald

]]> By: Steve Dalton http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-707 Steve Dalton Sat, 08 Dec 2007 16:08:38 +0000 http://lakemartinvoice.com/2007/12/07/all-real-estate-is-local-this-means-you-lake-martin/#comment-707 I totally agree. There is no national housing market, every market has it's own supply and demand factors. Sure, the mortgage rates are affected by the "national" market for bonds, but frankly they are at extremely low levels, which will in any healthy real estate market create more demand. I totally agree. There is no national housing market, every market has it’s own supply and demand factors. Sure, the mortgage rates are affected by the “national” market for bonds, but frankly they are at extremely low levels, which will in any healthy real estate market create more demand.

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