I have a sneaking suspicion that by the time the “double dip” is widely acknowledge, it will be over.

Old timers would have chalked this up to seasonal weakness. It’s been about a decade since we could visibly see seasonal factors in prices. Now that prices are in a +/- 5% range these are mor evident.

Throw the tax credit dealine in and there you go, it’s a “double dip.”

I have a sneaking suspicion that by the time the “double dip” is widely acknowledge, it will be over.

Old timers would have chalked this up to seasonal weakness. It’s been about a decade since we could visibly see seasonal factors in prices. Now that prices are in a +/- 5% range these are mor evident.

Throw the tax credit dealine in and there you go, it’s a “double dip.”

I have a sneaking suspicion that by the time the “double dip” is widely acknowledge, it will be over.

Old timers would have chalked this up to seasonal weakness. It’s been about a decade since we could visibly see seasonal factors in prices. Now that prices are in a +/- 5% range these are mor evident.

Throw the tax credit dealine in and there you go, it’s a “double dip.”

I sense that asking prices have dipped a little in 92024 and southern 92009. However, I also noticed that the southbound traffic during the morning rush hour has definitely worsened compared to last January. Of course, there is no telling if those commuters can afford $4K mortgages. Time will tell…

I sense that asking prices have dipped a little in 92024 and southern 92009. However, I also noticed that the southbound traffic during the morning rush hour has definitely worsened compared to last January. Of course, there is no telling if those commuters can afford $4K mortgages. Time will tell…

We’ve seen the seasonal weakness every year, with the exception of late 2009/early 2010, when the tax credit was in full swing.

Though it’s counter-intuitive, I think we’ll see housing weaken as the rest of the economy improves. The housing market is being propped up **because the economy is weak.** Once the economy strengthens, it will become more and more difficult to justify spending so much money on artificially propping up the housing market (including the govt-backed mortgage market).

Cheap houses and plentiful jobs…now THAT would make for a healthy economy! 😉

We’ve seen the seasonal weakness every year, with the exception of late 2009/early 2010, when the tax credit was in full swing.

Though it’s counter-intuitive, I think we’ll see housing weaken as the rest of the economy improves. The housing market is being propped up **because the economy is weak.** Once the economy strengthens, it will become more and more difficult to justify spending so much money on artificially propping up the housing market (including the govt-backed mortgage market).

Cheap houses and plentiful jobs…now THAT would make for a healthy economy! 😉