He is natural born genius who does not know how much entertainment value he provides.

The poster has none of the qualities that make a valuable burbed contributor.

Except that fact that it is, in fact, in Palo Alto. I know houses get tossed out of the RBA regularly, but cities don’t tend to toss homes out of their community.

Thanks for the laugh.

Isn’t that what they said about the stock market?

Good to see that you know that X, Y, Z are different letters. That’s quite an improvement for someone who cannot even spell correctly.

National recovery? Useless aggregate data.

You failed to read the context. We’re not just talking about RBA housing per se. This kind of figure contributes to the national recovery that Obama/Geithner are talking about.

The article is based on DataQuick data. We all know that “DQ is thoroughly useless aggregate data” that lumps up nine counties together.

Single-family housing starts were especially strong, up 14.4% on a month-over-month basis. It was the biggest surge in that measure, considered the core of the housing market, since December 2004.
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Useless aggregate data.

LOL! It is coming from a guy who cannot even make some basic logical argument.

So when RealEstater shows property that is listed $1.2M initially and later price gets reduced to $1.15, we all know that it is just “marketing strategy”.

And when he says “no downturn here” (or asks “is this what you guys call downturn pricing”) by showing those listed properties, we all know that he was just joking.

You’re getting distracted again. We’re talking about X, and yet you’re arguing Y and Z. Typical trolling from you.

LOL! The urge of proving himself right must be so high that RealEstater didn’t even bother to read the article. Here what article says:

The median price paid for an existing, single-family home across the nine-county region was $360,000 in June, down 29.4 percent from a year earlier but up nearly 7 percent from May, according to San Diego research firm MDA DataQuick.

Median is down. Got to be “useless aggregate data” for RealEstater.

San Francisco prices held up the best among the Bay Area’s counties in June, falling just 8.4 percent from a year ago, according to DataQuick.

Remember we bottomed in January? But still falling?

The percentage of resold homes that had been foreclosed upon in June was 37.3 percent, down from 40.5 percent in May.

Wow! 37.3% foreclosed!!!

If this the article used by RealEstater to prove himself right, he is bigger and larger pathetic bull than we thought.

Housing Starts Surge

Single-family housing starts were especially strong, up 14.4% on a month-over-month basis. It was the biggest surge in that measure, considered the core of the housing market, since December 2004.

Friday’s report suggests that the battered housing market is gradually stabilizing, according to Mike Larson, real estate and interest rate analyst at Weiss Research.