Comments on: Status of the South Bend Area Housing Market: January 2008 http://www.realst8.com/blog/market-conditions/status-of-the-south-bend-area-housing-market-january-2008/ Real Estate and Area Information for South Bend, Mishawaka, Granger and Notre Dame, Indiana Thu, 22 Jul 2010 02:54:17 +0000 hourly 1 http://wordpress.org/?v=3.0 By: cmg http://www.realst8.com/blog/market-conditions/status-of-the-south-bend-area-housing-market-january-2008/comment-page-1/#comment-22884 cmg Sun, 02 Mar 2008 04:55:19 +0000 http://www.realst8.com/blog/market-conditions/status-of-the-south-bend-area-housing-market-january-2008/#comment-22884 what is the status of the Gameday project? what is the status of the Gameday project?

]]> By: Interesting http://www.realst8.com/blog/market-conditions/status-of-the-south-bend-area-housing-market-january-2008/comment-page-1/#comment-22862 Interesting Fri, 22 Feb 2008 23:09:15 +0000 http://www.realst8.com/blog/market-conditions/status-of-the-south-bend-area-housing-market-january-2008/#comment-22862 I knew that Woodbridge Villa project wasn't going well. According to the newspaper: http://www.southbendtribune.com/apps/pbcs.dll/article?AID=/20080222/News01/441684269&template=247art There was misspending of money. Not sure how they can trace the money from A to B exactly since a wedding, kitchen remodel, and hiking trip doesn't sound like some mastermind crime here. Seems more like a civil matter than a criminal one......trumped up charges is what I thought when I read it. Regardless, it explains some of the delays unless of course the bad housing market required him to make draws to get by???? Chicken and the egg thing. My bet is the bad housing market (and not the best projects too) were the cause. Disgruntles investors probably just guaranteed no payback by making it a "criminal" matter. Mismanagement isn't a crime.....investors should always know what they are investing in. I knew that Woodbridge Villa project wasn’t going well. According to the newspaper:
http://www.southbendtribune.com/apps/pbcs.dll/article?AID=/20080222/News01/441684269&template=247art

There was misspending of money. Not sure how they can trace the money from A to B exactly since a wedding, kitchen remodel, and hiking trip doesn’t sound like some mastermind crime here. Seems more like a civil matter than a criminal one……trumped up charges is what I thought when I read it. Regardless, it explains some of the delays unless of course the bad housing market required him to make draws to get by???? Chicken and the egg thing. My bet is the bad housing market (and not the best projects too) were the cause. Disgruntles investors probably just guaranteed no payback by making it a “criminal” matter. Mismanagement isn’t a crime…..investors should always know what they are investing in.

]]> By: NDtom http://www.realst8.com/blog/market-conditions/status-of-the-south-bend-area-housing-market-january-2008/comment-page-1/#comment-22824 NDtom Sat, 02 Feb 2008 21:21:39 +0000 http://www.realst8.com/blog/market-conditions/status-of-the-south-bend-area-housing-market-january-2008/#comment-22824 Are those numbers correct?!?! That would be around a 25.2% drop in number of homes sold compared to January 2007 and a dollar sales drop of 37.5%? That is on top of the 2006 to 2007 double digit drops! This does not bode well for the economy... Are those numbers correct?!?!

That would be around a 25.2% drop in number of homes sold compared to January 2007 and a dollar sales drop of 37.5%? That is on top of the 2006 to 2007 double digit drops!

This does not bode well for the economy…

]]> By: NDtom http://www.realst8.com/blog/market-conditions/status-of-the-south-bend-area-housing-market-january-2008/comment-page-1/#comment-22822 NDtom Sat, 02 Feb 2008 21:02:02 +0000 http://www.realst8.com/blog/market-conditions/status-of-the-south-bend-area-housing-market-january-2008/#comment-22822 This decline is most probably due to the tightened lending standards and mirrors what is happening across the country. Activity may be up, but ability to buy is down, hence actual closings are down. The market has swung toward renting for those at the margin in buy versus rent camp with the current declining market and tighter lending standards. This decline is most probably due to the tightened lending standards and mirrors what is happening across the country. Activity may be up, but ability to buy is down, hence actual closings are down. The market has swung toward renting for those at the margin in buy versus rent camp with the current declining market and tighter lending standards.

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