[quote=sdrealtor]I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

I have a $500K short sale listing in a central location that is nice but needs updating, nothing spectaular but a good basic house with a good location. In 1 week, I have 10 offers and have discouraged at least a dozen others from even bothering to make an offer. 3 of the offers are All Cash and the other 7 range from 20 to 50% down. I got 5 more calls today and have a few more potential offers coming. Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)[/quote]

Why don’t you share the MLS# or give us few recent sales?

Need to own a housing unit is not new, it was there three years ago and ten years ago. The same goes for uneven access to information.

How many agents from this board refer their buyer clients to this website?