[quote=Scarlett]What segments of the sellers “demographic” have changed so dramatically? I mean, comparing to a more normal housing market. I am curious why is the inventory bottom low. It seems to me the prices have recovered quite a bit from the “bottom”, we’ve worked our way through most of the short sales and foreclosures – I think. Are that many more people still underwater? Are the banks holding on to the foreclosures “tsunami”?
Is the low inventory not as bad compared to normal market because even though at any given point not many houses are on the market, they go in escrow within days, compared to weeks in a more normal market?[/quote]
Scarlett, I’m not trying to be a pest, but I’m surmising from your earlier post on this thread:
[quote]Hello SDR, How about the North County area – Carlsbad, San Marcos, Encinitas? Is that market so crazy as well? Now that I have a job in Carlsbad we’re thinking of getting a house up there in the general area. I like those neighborhoods. Our limit is 600K and a cursory look on sdlookup yielded less than a dozen listings total (4 bdr SFH). But if it’s that crazy and have to offer above the LP and compete with cash offers…we’d rather rent some more than deal with that.
Thanks![/quote]
…that you and Rhett haven’t bought a home in SD yet?
I seem to remember that you posted as early as 2008 that you were looking for one to buy and several of us here tried to assist you in-depth as to your questions on financing, properties and areas on multiple threads here over the years.
