[quote=temeculaguy]socratt, I missed some of what you said as i was getting lost in my own writing. I do agree tht there will be a winter event, I actually think there may be some great bargains this winter and should be less competative. I am seeing more an more reo’s listed every day, some days, they will list 6 in 92592. The prices aren’t any lower and they are selling quickly, so they just keep releasing them. The overall inventory is still shrinking. In 92592, there are now only 150 non shorts or non pendings that you can buy ( a four week supply). 5 added each day, 6 sold, by november, that should change, days on market will increase and you can drive a hard bargain, plus the 8k gov’t gift goes away. And this is the pure opinion part, this winter is the last chance. If I get don’t buy my rental between Nov 2009 and Feb 2010, I know full well that I wont be getting one at all.[/quote]
Seems there are so many waiting for this last chance Winter 2009 housing thing, It may be a little disappointing maybe.
It may even get a bit crowded at the bid.
But good luck to you all !!
If I had to guess I would say it will be more of the same in TV through the winter, then maybe a little spike coming next spring, then back to a normal market by summer 2010 (in TV).
