Possibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.

Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.

I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.

Possibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.

Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.

I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.

Possibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.

Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.

I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.

Nobody knows.

Nobody knows.

Bugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.

SD Realtor

Bugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.

SD Realtor