Comments on: Charlottesville first-half market update to be released today http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/ Tracking Charlottesville's Real Estate Market since 2005 Mon, 13 Feb 2012 12:10:41 +0000 hourly 1 http://wordpress.org/?v= By: Dave Phillips http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/#comment-8366 Dave Phillips Mon, 16 Jul 2007 21:11:13 +0000 http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/#comment-8366 The real test will be in the 2nd half of the year. Watch to see if we close the gap in sales. In 2006, the first 6 months were very good, but then the market tanked. this year, I think we are starting off slow (still hungover from the drunken debauchery of the past few years, but will end the year strong. We were 15% behing after the first quarter and 17% behind in sales in the second. I think we will close the gap to 10 or 12% by the end of the year. The real test will be in the 2nd half of the year. Watch to see if we close the gap in sales. In 2006, the first 6 months were very good, but then the market tanked. this year, I think we are starting off slow (still hungover from the drunken debauchery of the past few years, but will end the year strong. We were 15% behing after the first quarter and 17% behind in sales in the second. I think we will close the gap to 10 or 12% by the end of the year.

]]> By: Jim Duncan http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/#comment-8364 Jim Duncan Mon, 16 Jul 2007 20:56:56 +0000 http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/#comment-8364 Dave - Thanks for stopping by. I think that in the short-term, we run a risk of <a href="http://www.realcentralva.com/2006/12/29/tracking-the-market-too-closely/" rel="nofollow">tracking the market too closely</a> and we won't know where we are today and if we've hit bottom until we have the benefit of hindsight six, twelve or eighteen months from now. Dave -

Thanks for stopping by. I think that in the short-term, we run a risk of tracking the market too closely and we won’t know where we are today and if we’ve hit bottom until we have the benefit of hindsight six, twelve or eighteen months from now.

]]> By: Dave Phillips http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/#comment-8363 Dave Phillips Mon, 16 Jul 2007 20:51:31 +0000 http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/#comment-8363 While I can understand your comments and your questioning of my "on the upswing" comment, allow me a brief defense. If you read the report from the first quarter, I said we had bottomed out in late 2006 and were showing signs that the market was coming back. While compared to last year the number of sales stink, prices have stop plumetting and sales are picking up from the depressing numbers of November thru January. The market is better today from a long-term perspective than it was in 2006. Out of control price advances are NOT good in the long run. While I can understand your comments and your questioning of my “on the upswing” comment, allow me a brief defense. If you read the report from the first quarter, I said we had bottomed out in late 2006 and were showing signs that the market was coming back. While compared to last year the number of sales stink, prices have stop plumetting and sales are picking up from the depressing numbers of November thru January.

The market is better today from a long-term perspective than it was in 2006. Out of control price advances are NOT good in the long run.

]]> By: Jim Duncan http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/#comment-8358 Jim Duncan Mon, 16 Jul 2007 16:44:04 +0000 http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/#comment-8358 What can I say? Typically, as with NAR, the job is to put a positive spin on the numbers. What can I say? Typically, as with NAR, the job is to put a positive spin on the numbers.

]]> By: JR Jackson http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/#comment-8357 JR Jackson Mon, 16 Jul 2007 16:21:35 +0000 http://www.realcentralva.com/2007/07/16/charlottesville-first-half-market-update-to-be-released-today/#comment-8357 The market is "clearly ... on the upswing." Did he actually look at the numbers before coming up with that conclusion? The market is “clearly … on the upswing.” Did he actually look at the numbers before coming up with that conclusion?

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