Early December, my realtor told me a client on the East coast was coming out to SD, had seen my house on the internet, and wanted to view it. We already had an offer in progress.

sdrealtor, I find it interesting that you dismiss this internet approach of selling homes. Did you not know that 80% of homes are sold over the internet? If the house is marketed well, the client will ask to see it. Your seller is competing with homes that have a video tour. You don’t think that matters? Why do you prefer to work without the internet? Do you think that flyers work better?

bugs – the UCLA group predicted the last recession. But they base their forecast on faulty assumptions. How can you predict the future of Southern CA housing, without taking ARMs, IO loans, 100% financing, stated income, foreclosures into account? How can you ignore that 88% of Fannie Mae’s quarter 1 2006 loans are for a higher interest rate than the one they are paying off?? Yes, you read that right. 88% of loans are for people taking cash out of their homes and willing to pay a higher interest rate to do so! Now what does that tell you about people’s financial situation?

I will make a new thread with some other poor assumptions, like the 5% max Fed rate and $50 max gas. Their model rests on $50 gas. So far, so bad…