I definitely see a correlation about schoolsneighborhoods and activity. As a parent I am absolutely putting that as a priority (within a neighborhood I hope to afford someday)…
Also my intent was to definitely display that the more desireable regions are holding up better. I think that is going to be excasserbated as the decline continues. I think in these areas that are more established you tend to see sellers with more equity and less risky financing. The exception would be the areas that had recent development over the past several years and attracted lots of people who should not have bought in the first place. Places like 92130 and 4S I believe are going to see more fallout due to NOD/NOT activity as loan resets go down.
The active/pending ratios were to illustrate a spring rally in certain spots. This “rally” is VERY MUCH relative to the dry months of 06. Again, I believe it will be short lived, and into the summer we should see the ratios crap out. Also yes yes for sure, the better ratios will be limited to certain zips….
