[rshoffer]

Dow went below 10,000... down 400 pts. How is this affecting my fellow Villager daily lifestyle? CNBC had a speaker on this am that stated "housing prices are half-way to their bottom" HALF WAY!!!! The world markets are contracting. What will be the ripple effect in TV?

[TomW]

If this isn't near the bottom for both the market and housing, then a real crash is likely. Also noticed the VIX set a new all time high this morning as well.

[NJblue]

I'm not quite sure that I believe that the real estate market is still dropping that much - at least not everywhere. We finally got our house on the market on Thursday and within 2 hours had our first potential buyer come through. Since then there have been 5 additional prospects and according to our agent at least 2 of them are seriously considering it. So, being the optimist, I count two chickens already hatched with some more eggs about to get cracks in them.

Now I have to go find some wood to knock on.

[SteveFromNY]

The one thing you can count on is the folks who predict what the market is going to do are probably way off. Did anyone really see our current conditions coming? Either how far or when? I know folks can look back and say "I knew this would happen", but, like anyone who watched it happen, all anyone really knew was the bubble would burst at some time.

NJblue - Good Luck! You must have a desirable house, location or great price (or some combination) as there are so many properties that just aren't moving at all. Remember, do no turn down the first offer just because it's the first offer!

[rshoffer]

This was just another doomsday pundit who I hope is wrong. The 700 billion bailout that had all the big shots in Congress smiling Friday sure had an effect on todays market!

[SteveFromNY]

I agree it looked like things were going to be pretty rosy again the day the bailout was first voted on. Until it didn't pass that is. Now I don't know what to do. Moving out of equities altogether is probably a good idea, but I'd be locking in these lows, and I know if I sell, the market will take off! Ughhhh!

[rshoffer]

Originally Posted by SteveFromNY

The one thing you can count on is the folks who predict what the market is going to do are probably way off. Did anyone really see our current conditions coming? Either how far or when? I know folks can look back and say "I knew this would happen", but, like anyone who watched it happen, all anyone really knew was the bubble would burst at some time.

NJblue - Good Luck! You must have a desirable house, location or great price (or some combination) as there are so many properties that just aren't moving at all. Remember, do no turn down the first offer just because it's the first offer!

A realtor once told me... "the first offer is usually the best offer"

[JohnN]

StevefromNY,
sell now , my friend, if it means you save the country,

you'd be America's hero

(however, that's likely not the real answer, is it??)