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Home › Forums › Housing › 7.6 % drop in new home sales in Dec. But, aren’t people celebrating the holidays in Dec?

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  • January 28, 2010 at 9:53 AM #507318
    DWCAP
    Participant

    In my opinion, the problem we are seeing here is that San Diego (+riverside/temecula areas) is bucking the national trend. Wasnt SD only one of 4 cities where the C-S rose instead of fell?

    The OP is referencing national numbers, and in a national sense things are not great. Still something like 7-8 months of inventory coupled with increasing defaults and decreasing sales. Plus some areas (AZ,FL,NV) are far more dependent on housing related jobs than our area is.

    So while the national market may still ‘need’ (I feel dirty just writing that) all the special treatment (the mods, the low interest rates, the tax credits, the subprime FHA lending, the increased GSE limits etc etc), San Diego doesnt. I dont know if anyone would consider the SD market healthy, but we are getting the steriods same as the rest of the country, even though we have a different disease.

    January 28, 2010 at 10:09 AM #506424
    Arraya
    Participant

    Isn’t a 20,000 home shadow inventory, as reported on this site, indicative of the same disease?

    January 28, 2010 at 10:09 AM #506570
    Arraya
    Participant

    Isn’t a 20,000 home shadow inventory, as reported on this site, indicative of the same disease?

    January 28, 2010 at 10:09 AM #506978
    Arraya
    Participant

    Isn’t a 20,000 home shadow inventory, as reported on this site, indicative of the same disease?

    January 28, 2010 at 10:09 AM #507072
    Arraya
    Participant

    Isn’t a 20,000 home shadow inventory, as reported on this site, indicative of the same disease?

    January 28, 2010 at 10:09 AM #507328
    Arraya
    Participant

    Isn’t a 20,000 home shadow inventory, as reported on this site, indicative of the same disease?

    January 28, 2010 at 12:06 PM #506488
    outtamojo
    Participant

    Weren’t there over 20K in MLS inventory in SD a while ago?

    January 28, 2010 at 12:06 PM #506635
    outtamojo
    Participant

    Weren’t there over 20K in MLS inventory in SD a while ago?

    January 28, 2010 at 12:06 PM #507043
    outtamojo
    Participant

    Weren’t there over 20K in MLS inventory in SD a while ago?

    January 28, 2010 at 12:06 PM #507138
    outtamojo
    Participant

    Weren’t there over 20K in MLS inventory in SD a while ago?

    January 28, 2010 at 12:06 PM #507392
    outtamojo
    Participant

    Weren’t there over 20K in MLS inventory in SD a while ago?

    January 28, 2010 at 12:21 PM #506493
    Arraya
    Participant

    What does MLS have to do with the artificial induced scarcity that is the unofficial shadow inventory, that may or may not exist?

    January 28, 2010 at 12:21 PM #506640
    Arraya
    Participant

    What does MLS have to do with the artificial induced scarcity that is the unofficial shadow inventory, that may or may not exist?

    January 28, 2010 at 12:21 PM #507048
    Arraya
    Participant

    What does MLS have to do with the artificial induced scarcity that is the unofficial shadow inventory, that may or may not exist?

    January 28, 2010 at 12:21 PM #507143
    Arraya
    Participant

    What does MLS have to do with the artificial induced scarcity that is the unofficial shadow inventory, that may or may not exist?

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