Credit Suisse Report

Have you ever had one of those weeks. You know the kind I mean, you drop the toast and it lands jam side down, the refrigerator light burns out, and then your server crashes. Well that describes our week here at Farrell Smyth. Our server went down the Tuesday before Thanksgiving, and we were not fully operational until Monday morning. Everything seems to check out A OK for now so we dodged a bullet. Thank goodness for back up tapes, a patient staff, and a good IT group. It’s good to be back.

This week I did my duty and responded to the survey request from Credit Suisse regarding market activity for the month on November. We will get the results later in the month. In the mean time I also received the final report from Credit Suisse for October. The headline item is “Buyers Sit Out Another Month”. The main reasons cited are:

  • Buyer Uncertainty
  • Fear of Lower Prices
  • Worries About Foreclosure Issues

 To View the full report click here.

 The Credit Suisse report gives details for many specific regions of the U.S. including many areas of California. There is some very interesting stuff. Take a look and see what’s going on in your specific area.

As always, questions and comments are welcome.


Posted by:  Larry Smyth

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