Activity Lately

[SD Realtor]

Hi cash –

From my perspective, no none of them are foreign money. Most of them are professionals either in the legal field, engineering/biotech field, and medical field. Most of them are renting and have money from a previous sale. A couple of them are retirees and I don’t know where the money came from at all. It is not my business to ask. Of the professional coupls, a few of them are dual income families but not all. In every case they have or are striving to have 20% to put down. In a few cases they are all or most all cash. In all cases they are buying for the long haul but they are not just jumping in feet first. Most all of them have been shopping for many months if not more, with the exception of one who is a relo from the southeast. Most of them do realize the prospects of future depreciation although they do vary in opinion on the scope of that depreciation regardless of my opinion. Many if not all of them are frustrated by the recent activity surge. I would imagine most of them will continue to wait although some of them will continue to shoot in lowball offers. Many kind of have the same thoughts as you mentioned above that the price is not great but doable for them. They may continue to wait for a month a year or many years. They all vary.

SD Realtor

[sdrealtor]

SD R
Too many words. Just say normal diverse buying pool and call it a day.

sdr

[sdrealtor]

SD R
Too many words. Just say normal diverse buying pool and call it a day.

sdr

[sdrealtor]

SD R
Too many words. Just say normal diverse buying pool and call it a day.

sdr

[sdrealtor]

SD R
Too many words. Just say normal diverse buying pool and call it a day.

sdr

[sdrealtor]

SD R
Too many words. Just say normal diverse buying pool and call it a day.

sdr

[NotCranky]

“I’d say its the normal diverse buying pool some of which was excluded from the market but has been let back in with improved affordability.”

Yep,

My established clients have mostly been fence sitters, at my recommendation. Some of these are not willing to sit on the fence much longer.Hopefully they will wait until August or September. The average client in my arena is blue collar or salaried professional, mostly engineers some teachers, small business owners.My trash truck driver wants to buy a house. Others have a small portfolio of rentals and will be buying more of these. There are a lot of first time buyers but I think many of them think it isn’t a realistic concern yet. It seems 1/3 of the potential clients I talk with sold during the last run up or near the peak, 1/3 still own homes and 1/3 will be first time buyers.

[NotCranky]

“I’d say its the normal diverse buying pool some of which was excluded from the market but has been let back in with improved affordability.”

Yep,

My established clients have mostly been fence sitters, at my recommendation. Some of these are not willing to sit on the fence much longer.Hopefully they will wait until August or September. The average client in my arena is blue collar or salaried professional, mostly engineers some teachers, small business owners.My trash truck driver wants to buy a house. Others have a small portfolio of rentals and will be buying more of these. There are a lot of first time buyers but I think many of them think it isn’t a realistic concern yet. It seems 1/3 of the potential clients I talk with sold during the last run up or near the peak, 1/3 still own homes and 1/3 will be first time buyers.

[NotCranky]

“I’d say its the normal diverse buying pool some of which was excluded from the market but has been let back in with improved affordability.”

Yep,

My established clients have mostly been fence sitters, at my recommendation. Some of these are not willing to sit on the fence much longer.Hopefully they will wait until August or September. The average client in my arena is blue collar or salaried professional, mostly engineers some teachers, small business owners.My trash truck driver wants to buy a house. Others have a small portfolio of rentals and will be buying more of these. There are a lot of first time buyers but I think many of them think it isn’t a realistic concern yet. It seems 1/3 of the potential clients I talk with sold during the last run up or near the peak, 1/3 still own homes and 1/3 will be first time buyers.

[NotCranky]

“I’d say its the normal diverse buying pool some of which was excluded from the market but has been let back in with improved affordability.”

Yep,

My established clients have mostly been fence sitters, at my recommendation. Some of these are not willing to sit on the fence much longer.Hopefully they will wait until August or September. The average client in my arena is blue collar or salaried professional, mostly engineers some teachers, small business owners.My trash truck driver wants to buy a house. Others have a small portfolio of rentals and will be buying more of these. There are a lot of first time buyers but I think many of them think it isn’t a realistic concern yet. It seems 1/3 of the potential clients I talk with sold during the last run up or near the peak, 1/3 still own homes and 1/3 will be first time buyers.

[NotCranky]

“I’d say its the normal diverse buying pool some of which was excluded from the market but has been let back in with improved affordability.”

Yep,

My established clients have mostly been fence sitters, at my recommendation. Some of these are not willing to sit on the fence much longer.Hopefully they will wait until August or September. The average client in my arena is blue collar or salaried professional, mostly engineers some teachers, small business owners.My trash truck driver wants to buy a house. Others have a small portfolio of rentals and will be buying more of these. There are a lot of first time buyers but I think many of them think it isn’t a realistic concern yet. It seems 1/3 of the potential clients I talk with sold during the last run up or near the peak, 1/3 still own homes and 1/3 will be first time buyers.

[DWCAP]

SD_R, thanks for the longer explaination. Those of us NOT in the industry need a slightly gentler touch. Normal buying just sounds like a blowoff to me.

From what Rustico posted I read that people who have been sitting on bubble gains or relows who sold before are buying now. Professionals, especially those in the upper income brackets as 2 income HH, are buying as usual. Everybody else wants to, but are probly just running their agent around since the likelyhood they qualify for the necessary loans isnt all that high.

Not what I was really hoping, as I really enjoyed the cliff jumping of fall 2007. However it still doesnt change the fact that housing, while ALOT better, remains unaffordable to a large majority of the general citizenry. We will not get better until that is no longer true. Maybe we will just see a more gentle slide in the winters with Median appreciation (Ie fake appreciation due to sale differences) in the springs. Damn and here I was thinking that reality would set in again.

[DWCAP]

SD_R, thanks for the longer explaination. Those of us NOT in the industry need a slightly gentler touch. Normal buying just sounds like a blowoff to me.

From what Rustico posted I read that people who have been sitting on bubble gains or relows who sold before are buying now. Professionals, especially those in the upper income brackets as 2 income HH, are buying as usual. Everybody else wants to, but are probly just running their agent around since the likelyhood they qualify for the necessary loans isnt all that high.

Not what I was really hoping, as I really enjoyed the cliff jumping of fall 2007. However it still doesnt change the fact that housing, while ALOT better, remains unaffordable to a large majority of the general citizenry. We will not get better until that is no longer true. Maybe we will just see a more gentle slide in the winters with Median appreciation (Ie fake appreciation due to sale differences) in the springs. Damn and here I was thinking that reality would set in again.

[DWCAP]

SD_R, thanks for the longer explaination. Those of us NOT in the industry need a slightly gentler touch. Normal buying just sounds like a blowoff to me.

From what Rustico posted I read that people who have been sitting on bubble gains or relows who sold before are buying now. Professionals, especially those in the upper income brackets as 2 income HH, are buying as usual. Everybody else wants to, but are probly just running their agent around since the likelyhood they qualify for the necessary loans isnt all that high.

Not what I was really hoping, as I really enjoyed the cliff jumping of fall 2007. However it still doesnt change the fact that housing, while ALOT better, remains unaffordable to a large majority of the general citizenry. We will not get better until that is no longer true. Maybe we will just see a more gentle slide in the winters with Median appreciation (Ie fake appreciation due to sale differences) in the springs. Damn and here I was thinking that reality would set in again.

[DWCAP]

SD_R, thanks for the longer explaination. Those of us NOT in the industry need a slightly gentler touch. Normal buying just sounds like a blowoff to me.

From what Rustico posted I read that people who have been sitting on bubble gains or relows who sold before are buying now. Professionals, especially those in the upper income brackets as 2 income HH, are buying as usual. Everybody else wants to, but are probly just running their agent around since the likelyhood they qualify for the necessary loans isnt all that high.

Not what I was really hoping, as I really enjoyed the cliff jumping of fall 2007. However it still doesnt change the fact that housing, while ALOT better, remains unaffordable to a large majority of the general citizenry. We will not get better until that is no longer true. Maybe we will just see a more gentle slide in the winters with Median appreciation (Ie fake appreciation due to sale differences) in the springs. Damn and here I was thinking that reality would set in again.

[Author]

Posts