Study: Alabama one of five states to report rise in home prices in 1Q
Birmingham Business Journal - by Lauren B. Cooper Staff

Alabama home prices rose year-over-year by nearly 5 percent in the first quarter of 2008, one of only five states to see an increase, according to a new report.

The Office of Federal Housing Enterprise Oversight reported that Alabama, along with Wyoming, Utah, Montana and Texas, were the only states where home prices increased, compared to the first quarter of 2007.

The states with the sharpest decrease were California, Nevada, Florida, Arizona and Michigan.

Birmingham ranked 65th among the nation's metropolitan areas with a nearly 4 percent year-over-year increase for the quarter.

It also stated that home prices in Birmingham have risen nearly 30 percent in the past five years. Alabama home prices have risen nearly 33 percent in five years.

The study's findings are based on data from home sales and appraisals for refinancings.

http://www.youtube.com/watch?v=huLklsj_5HI

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2006 CL500
1969 280SE
2023 Ram 1500
2026 Genesis GV70
2007 Tiara 3200

I don't know that this chart is right, but it's worth more than a 1,000 words if it is. Can't find a 20 year cycle, nor did I know price was down from 1890-1920

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89 300E
79 240D
72 Westy
63 Bug sunroof
85 Jeep CJ7
86 Chevy 6.2l diesel PU

"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
Marcus Aurelius

That's the problem and benefit of indices. People use them to reduce factors to a common scale (which lops-off peaks and valleys) and also to remove or reduce or filter stochasticity which also reduces periodicity. So you end-up with smoothed functional relationships. And then we compare smoothed relationships, conveniently ignoring all of the "noise". But we know that probably hidden among the noises things that it would be nice to know, like cyclical functions.

My favorite trick (or stupid focking move, depending on one's perspective) is to plot data on log-log paper. Low and behold a linear relationship is revealed!

Lis Pendens actually.

All that means is there is a suit pending against the property in question.

My buddies and I go out to the Records office in Riverhead and scan all the deeds'n titles. If it's back taxes or a mortgage default one can occasionally step in and satisfy the lender while offering a very reasonable amount to the "occupant" who is usually in debt up to their ass.

Yeah you have to pull the deed and see whats their.

I'm trying to buy a house now that has an attached building lot that they don't know about. The owner died he was like 90 and the son is a crack head and just wants some cash to suck up his nose. If it works out I'm going to get that building lot for damn near nothing.

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2006 CL500
1969 280SE
2023 Ram 1500
2026 Genesis GV70
2007 Tiara 3200

Whats the difference between a drunk and crack head????.....

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Matt (SD,CA)

1984 300SD.. White/Chrome Bunts..Green

1997 2500 Dodge Ram 5.9 Cummins 12 Valve 36 PSI of Boost = 400+hp & 800+tQ .. ..Greenspeed

2004 Dodge Ram 2500 4x4 Quad Cab Cummins 5.9 H.O "596hp/1225tq" 6 spd. Man. Leather Heated seats/Loaded..Flame Red....GREENSPEED

Global warming...Doing my part, Smokin da hippies..

Fight the good fight!......

Nothing,you can usually snag their late parent's house for peanuts......

Nothing, as said above I'm trying to snag their parents house for nothing and the building lot for free.

Captialism at its finest!

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2006 CL500
1969 280SE
2023 Ram 1500
2026 Genesis GV70
2007 Tiara 3200