Tuesday, February 19, 2008

Joe Newton

Joe Newton, President, Placer County Association of Realtors
Oh, "Realtors say". Must be true then. BWAHAHAHA

2008-02-17: Local home prices beginning to stabilize,... Realtors say
The average sales prices of Auburn and Newcastle homes decreased from $502,510 last year to $476,493 this year, according to a January homes sales report from the Placer County Association of Realtors.

That figure means the market is beginning to balance, according to Joe Newton, president of the Placer County Association of Realtors.

Prices are starting to level out,” Newton said. “Houses are a little more affordable. Couple that with the lending side and interest rates being down makes it for a very good time to consider buying.”

Prices dropping, ergo, market is starting to level. Hmmm...
Houses are a little more affordable? From where the prices started, the drop is equivalent to getting a little more pregnant.
Lending side? Isn't it getting more difficult to actually get a loan.
Interest rates? Aren't they now rising.

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