December Update Video
If you enjoyed my original video about the housing market, you should find this one interesting as well (the original can be found in the post below). Winter is in full swing, and I decided to make another video to show current trends and highlight changes since my September video.
This video was filmed entirely using an inexpensive digital camera, and is hosted on Google video. So quality is not optimal, but it still gives you a pretty good idea. Click the image below to begin the video.
This video has the following sections:
- The Affordability Problem
- Market Trends and the Inventory Problem
- Spec Homes
- Ironwood Update
- Tracking Properties
- Housing in the Local Media (past and present)
Excellent work, yet again! I'm in Laurel and have kept my eye on both the Billings and Laurel markets. There is definitely room for a serious correction.
One house in particular here in Laurel has been lingering on the market for nearly a year. It began at $158,000 and is now down to $123,500. It will be interesting to watch what happens with that one as well as all the others.
Thanks for the hard work, it is appreciated!
YES! Another home run, Doug! Great sequel! I swear your films are the best I've seen in 2006. Better than BORAT! Love the way you combine both statistics and video of actual homes for sale. Entertaining and informative! Great Stuff! Thank you Doug!
Albert in Austin
can´t wait for the next update!
fantastic/wunderbar.
Greetings from Halifax, Canada!
German blogger Jan-Martin Feddersen of Immobilienblasen just informed us at Housing Doom about your video. Wow! You've done an excellent job putting a lot of the pieces together. Doom blogger-in-chief Twist from Phoenix AZ will be most impressed with your work on inventories. Great use of multi-media.
All I can say is WOW!!
I writimg from oakland ca and in 2000 the price of house in crime infested east oakland was 80k, today it is 400k,although it may be
true that the area was undervalued
because of the gangs and crack cocaine nothing has changed much except the crime rate(up 38%) and the price of housing
A most impressive, scrupulously balanced job of reporting. Your comments could apply to my own area in WA. Take this show on the road!
Great Video Doug. I liked the press quotes from the eve of the last bust suggesting that everything was peachy. Will they never learn. (:
Looking at a job in Billings and thought I'd have a look at housing. Yikes! The prices sure seem unrealistic given the average income. The mortgage strategies are scary and it seems that it's only a matter of time before many homeowners are left out in the cold. Great work.....thanks. Seems like it would be worth renting until the market stabilizes.
Thank you for another excellent video.
Hope you make another video in April or so.
The green downtown condo that has been in both videos sure looks good to me. Take care and appreciate your solid efforts. r. c. in reno
Just did a search for Ironwood to see what was on the internet about the community and came across the two videos. Very upset with what was said. We are relocating spring of 2007 and now after seeing this we may just rent for awhile.