After April 30th Housing Stats

[5yearwaiter]

How about housing stats after April 30th final day of Federal Tax Rebate? Can anyone take a look or can guess how the housing trend in SD?. Well it is a known fact that San Diego several areas got increased around 20k to 40K just because of this Federal Tax credit, however there isn’t enough housing sales occured overall. It could be a better any experts can throw a light on this topic and start evaluations about next leg of housing.

[DWCAP]

I am no expert, so take someone elses advice with more weight, but your time frame is wrong. The tax credit doesnt end April 30th. It is for contracts signed by April 30th, closing (when they count sales) can go on till the end of June. May, June, July are very strong months for housing anyways, and CA just upped the anti as well. And that doesnt even start untill May 1st.

Basically the various forms of gov tax credits have rigged the system till after July.

If you want an imperfect lead indicator, id recomend looking at Aug and Sept NEW home sales. Those are counted at contract signing, not closing. If they start falling, start planning on how you can cash in on the soon to be upcoming tax credit.

[DWCAP]

I am no expert, so take someone elses advice with more weight, but your time frame is wrong. The tax credit doesnt end April 30th. It is for contracts signed by April 30th, closing (when they count sales) can go on till the end of June. May, June, July are very strong months for housing anyways, and CA just upped the anti as well. And that doesnt even start untill May 1st.

Basically the various forms of gov tax credits have rigged the system till after July.

If you want an imperfect lead indicator, id recomend looking at Aug and Sept NEW home sales. Those are counted at contract signing, not closing. If they start falling, start planning on how you can cash in on the soon to be upcoming tax credit.

[DWCAP]

I am no expert, so take someone elses advice with more weight, but your time frame is wrong. The tax credit doesnt end April 30th. It is for contracts signed by April 30th, closing (when they count sales) can go on till the end of June. May, June, July are very strong months for housing anyways, and CA just upped the anti as well. And that doesnt even start untill May 1st.

Basically the various forms of gov tax credits have rigged the system till after July.

If you want an imperfect lead indicator, id recomend looking at Aug and Sept NEW home sales. Those are counted at contract signing, not closing. If they start falling, start planning on how you can cash in on the soon to be upcoming tax credit.

[DWCAP]

I am no expert, so take someone elses advice with more weight, but your time frame is wrong. The tax credit doesnt end April 30th. It is for contracts signed by April 30th, closing (when they count sales) can go on till the end of June. May, June, July are very strong months for housing anyways, and CA just upped the anti as well. And that doesnt even start untill May 1st.

Basically the various forms of gov tax credits have rigged the system till after July.

If you want an imperfect lead indicator, id recomend looking at Aug and Sept NEW home sales. Those are counted at contract signing, not closing. If they start falling, start planning on how you can cash in on the soon to be upcoming tax credit.

[DWCAP]

I am no expert, so take someone elses advice with more weight, but your time frame is wrong. The tax credit doesnt end April 30th. It is for contracts signed by April 30th, closing (when they count sales) can go on till the end of June. May, June, July are very strong months for housing anyways, and CA just upped the anti as well. And that doesnt even start untill May 1st.

Basically the various forms of gov tax credits have rigged the system till after July.

If you want an imperfect lead indicator, id recomend looking at Aug and Sept NEW home sales. Those are counted at contract signing, not closing. If they start falling, start planning on how you can cash in on the soon to be upcoming tax credit.

[CricketOnTheHearth]

Also keep in mind the CA $10,000 is kicking in just now.

My coworker, a supervisor, just put in a bid on a place yesterday, hoping to make it under the wire today for the federal $8K, but if he doesn’t, the state will still throw some sugar on his deal.

At these prices I didn’t think $8K or $10K would matter that much to people, but I guess it does. Closing costs, I suppose.

To go on from what DWCAP says above, the true indicator will be how strong the summer sales are this year. If they are somewhat anemic, it will mean that all the buyers were already drawn out (pulled forward) by the previous shenanigans and look for sales to drop like a rock in the fall. If summer sales are still strong, then I guess there is an infinite supply of rich people/funny-Fannie loans/etc.

[CricketOnTheHearth]

Also keep in mind the CA $10,000 is kicking in just now.

My coworker, a supervisor, just put in a bid on a place yesterday, hoping to make it under the wire today for the federal $8K, but if he doesn’t, the state will still throw some sugar on his deal.

At these prices I didn’t think $8K or $10K would matter that much to people, but I guess it does. Closing costs, I suppose.

To go on from what DWCAP says above, the true indicator will be how strong the summer sales are this year. If they are somewhat anemic, it will mean that all the buyers were already drawn out (pulled forward) by the previous shenanigans and look for sales to drop like a rock in the fall. If summer sales are still strong, then I guess there is an infinite supply of rich people/funny-Fannie loans/etc.

[CricketOnTheHearth]

Also keep in mind the CA $10,000 is kicking in just now.

My coworker, a supervisor, just put in a bid on a place yesterday, hoping to make it under the wire today for the federal $8K, but if he doesn’t, the state will still throw some sugar on his deal.

At these prices I didn’t think $8K or $10K would matter that much to people, but I guess it does. Closing costs, I suppose.

To go on from what DWCAP says above, the true indicator will be how strong the summer sales are this year. If they are somewhat anemic, it will mean that all the buyers were already drawn out (pulled forward) by the previous shenanigans and look for sales to drop like a rock in the fall. If summer sales are still strong, then I guess there is an infinite supply of rich people/funny-Fannie loans/etc.

[CricketOnTheHearth]

Also keep in mind the CA $10,000 is kicking in just now.

My coworker, a supervisor, just put in a bid on a place yesterday, hoping to make it under the wire today for the federal $8K, but if he doesn’t, the state will still throw some sugar on his deal.

At these prices I didn’t think $8K or $10K would matter that much to people, but I guess it does. Closing costs, I suppose.

To go on from what DWCAP says above, the true indicator will be how strong the summer sales are this year. If they are somewhat anemic, it will mean that all the buyers were already drawn out (pulled forward) by the previous shenanigans and look for sales to drop like a rock in the fall. If summer sales are still strong, then I guess there is an infinite supply of rich people/funny-Fannie loans/etc.

[CricketOnTheHearth]

Also keep in mind the CA $10,000 is kicking in just now.

My coworker, a supervisor, just put in a bid on a place yesterday, hoping to make it under the wire today for the federal $8K, but if he doesn’t, the state will still throw some sugar on his deal.

At these prices I didn’t think $8K or $10K would matter that much to people, but I guess it does. Closing costs, I suppose.

To go on from what DWCAP says above, the true indicator will be how strong the summer sales are this year. If they are somewhat anemic, it will mean that all the buyers were already drawn out (pulled forward) by the previous shenanigans and look for sales to drop like a rock in the fall. If summer sales are still strong, then I guess there is an infinite supply of rich people/funny-Fannie loans/etc.

[garysears]

18K means a lot at the low end. That is 10% of the cheapest SFRs. More for low end condos, but I think the federal credit at least is limited to 10% of purchase price.

[garysears]

18K means a lot at the low end. That is 10% of the cheapest SFRs. More for low end condos, but I think the federal credit at least is limited to 10% of purchase price.

[garysears]

18K means a lot at the low end. That is 10% of the cheapest SFRs. More for low end condos, but I think the federal credit at least is limited to 10% of purchase price.

[garysears]

18K means a lot at the low end. That is 10% of the cheapest SFRs. More for low end condos, but I think the federal credit at least is limited to 10% of purchase price.

[Author]

Posts