{"id":6818,"date":"2012-03-06T09:57:56","date_gmt":"2012-03-06T17:57:56","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=6818"},"modified":"2020-10-06T17:08:43","modified_gmt":"2020-10-07T00:08:43","slug":"happiness_is_inevitable_too_even_in_real_estate","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/happiness_is_inevitable_too_even_in_real_estate\/","title":{"rendered":"Happiness is Inevitable, Too (Even in Real Estate)"},"content":{"rendered":"

Big news Redfinnians!
\nRedfin upgraded its service, so you can meet your Redfin agent<\/a> from the first tour, and he always sees your house. You still get an agent paid to put customers ahead of commissions, digital convenience the whole way through a deal, but now also a face-to-face relationship with your Redfin agent. What took us so long? Honestly, I don’t know.
\nIn other news, for Android, iPhone and iPad, Redfin now has the top-rated real estate applications<\/a>. And we’ve launched Open Book<\/a>, a directory of our customers’ favorite lenders, inspectors and escrow agents. Last but not least, you can now sign up for a monthly picture-book summary<\/a> of all the homes that sold within a few blocks of your place. It’s beautiful.
\nThat’s the Redfin news. But what’s going on in the market? Let’s dig in!<\/p>\n

December Numbers Finally Came In. They’re Bad<\/h2>\n

Yikes, the numbers just out for December 2011 show another 1.1% drop:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Market<\/strong><\/td>\nMoM Price Change<\/strong><\/td>\nYoY Price Change<\/strong><\/td>\nDate of Max Price<\/strong><\/td>\nChange from Max Price<\/strong><\/td>\nPrices Last at
\nThis Level<\/strong><\/td>\n		# of Months
\nof Decrease<\/strong><\/td>\n<\/tr>\n
Phoenix<\/strong><\/td>\n0.8%<\/td>\n-1.2%<\/td>\nJun-06<\/td>\n-55.2%<\/td>\nMar-00<\/td>\n0<\/td>\n<\/tr>\n
LA<\/strong><\/td>\n-1.1%<\/td>\n-5.2%<\/td>\nSep-06<\/td>\n-40.8%<\/td>\nAug-03<\/td>\n5<\/td>\n<\/tr>\n
San Diego<\/strong><\/td>\n-0.7%<\/td>\n-5.4%<\/td>\nNov-05<\/td>\n-39.9%<\/td>\nSep-02<\/td>\n5<\/td>\n<\/tr>\n
Bay Area<\/strong><\/td>\n-0.8%<\/td>\n-5.4%<\/td>\nMay-06<\/td>\n-41.1%<\/td>\nDec-00<\/td>\n5<\/td>\n<\/tr>\n
Denver<\/strong><\/td>\n-0.9%<\/td>\n-0.4%<\/td>\nAug-06<\/td>\n-11.9%<\/td>\nApr-02<\/td>\n4<\/td>\n<\/tr>\n
DC Area<\/strong><\/td>\n-1.2%<\/td>\n-1.6%<\/td>\nMay-06<\/td>\n-28.4%<\/td>\nApr-04<\/td>\n3<\/td>\n<\/tr>\n
Atlanta<\/strong><\/td>\n-1.8%<\/td>\n-12.8%<\/td>\nJul-07<\/td>\n-36.0%<\/td>\nDec-97<\/td>\n5<\/td>\n<\/tr>\n
Chicago<\/strong><\/td>\n-2.0%<\/td>\n-6.5%<\/td>\nSep-06<\/td>\n-34.6%<\/td>\nMar-01<\/td>\n4<\/td>\n<\/tr>\n
Boston<\/strong><\/td>\n-1.2%<\/td>\n-2.6%<\/td>\nSep-05<\/td>\n-18.6%<\/td>\nFeb-03<\/td>\n5<\/td>\n<\/tr>\n
Las Vegas<\/strong><\/td>\n-0.8%<\/td>\n-8.8%<\/td>\nAug-06<\/td>\n-61.4%<\/td>\nJan-97<\/td>\n6<\/td>\n<\/tr>\n
New York<\/strong><\/td>\n-1.2%<\/td>\n-2.9%<\/td>\nJun-06<\/td>\n-24.4%<\/td>\nDec-03<\/td>\n4<\/td>\n<\/tr>\n
Portland<\/strong><\/td>\n-0.4%<\/td>\n-4.0%<\/td>\nJul-07<\/td>\n-28.8%<\/td>\nSep-04<\/td>\n3<\/td>\n<\/tr>\n
Dallas<\/strong><\/td>\n-0.7%<\/td>\n-1.3%<\/td>\nJun-07<\/td>\n-10.5%<\/td>\nApr-02<\/td>\n4<\/td>\n<\/tr>\n
Seattle<\/strong><\/td>\n-1.3%<\/td>\n-5.6%<\/td>\nJul-07<\/td>\n-31.9%<\/td>\nMay-04<\/td>\n5<\/td>\n<\/tr>\n
20 City Index<\/strong><\/td>\n-1.1%<\/strong><\/td>\n-4.0%<\/strong><\/td>\nJul-06<\/strong><\/td>\n-33.8%<\/strong><\/td>\nFeb-03<\/strong><\/td>\n4<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>\n

But Prices Will Probably Stop Falling<\/h2>\n

January will probably be down too just because the index is a three-month moving average but, as we predicted last year<\/a>, the market is turning:<\/p>\n