Are speculators selling their rentals, decreasing the supply?
Are people priced out of the market, and renting instead? Is that offset somewhat by the out migration?
My friend, a realtor,is involved in 5 transations, and he told me that in each case, the seller is planning to leave San Diego if the house sells.
OT: Today, I saw a glut of Open House signs at several intersections of Scripps Poway Parkway. There were 6-8 signs at 3 intersections. I’ve never seen anything like this. Another thing is that some of the OpenHouse signs now have flags and balloons attached. I guess you have to try to stand out…
