“Sales will be strong and pricing may even creep up a little in some markets.” -sdrealtor
Remember, sales nearly always creep up in the Spring and prices nearly always show a bump in the Spring “in some markets”. LOL
But seriously very impressed that you, sdrealtor, were brave enough to risk your neck. Hope you are right but fear we will all be disappointed.
Unemployment is skyrocketing and will be 8%+ in 2009. High-end wage earners are losing jobs. Some anecdotal evidence here: I am trying to fill a software engineering position (six figure). Recieved 5 resumes this week. All of them from Carlsbad and Oceanside. Biotech mostly.
I believe there won’t be enough people with 20%+ down payment money out there, a.k.a. pent up demand, to outweigh the economically troubled this Spring.
Is there any way to actually measure “pent up demand”? Are we left with just anecdote?
