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July 8, 2008 at 5:45 PM #235441July 9, 2008 at 2:17 AM #235710pepsiParticipant
CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest.July 9, 2008 at 2:17 AM #235837pepsiParticipantCV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest.July 9, 2008 at 2:17 AM #235849pepsiParticipantCV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest.July 9, 2008 at 2:17 AM #235894pepsiParticipantCV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest.July 9, 2008 at 2:17 AM #235903pepsiParticipantCV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest.July 9, 2008 at 6:02 AM #235745CoronitaParticipant[quote]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest.[/quote]Is that attached or detached? I know the attached market is trashed and has been trashed for some good time now.BUT, I was more interested in detached. Actually, this was sort of tongue and cheek. Because I think i sort of get a feel for where things stand in CV right now…There were a bunch a Pardee cheerleaders touting how “well” specifically Pardee communities in CV are holding up a few weeks/months ago, and while I did notice a few resales closing, it seems like some of the new inventory isn’t moving….I’m sort of curious where they all went and what the current assessment of the market looks like. π
I do notice that there are more homes priced “better” and those are the ones that move, a few being a couple in my community. But like you said, there does seem to be a staring contest going on.
July 9, 2008 at 6:02 AM #235872CoronitaParticipant[quote]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest.[/quote]Is that attached or detached? I know the attached market is trashed and has been trashed for some good time now.BUT, I was more interested in detached. Actually, this was sort of tongue and cheek. Because I think i sort of get a feel for where things stand in CV right now…There were a bunch a Pardee cheerleaders touting how “well” specifically Pardee communities in CV are holding up a few weeks/months ago, and while I did notice a few resales closing, it seems like some of the new inventory isn’t moving….I’m sort of curious where they all went and what the current assessment of the market looks like. π
I do notice that there are more homes priced “better” and those are the ones that move, a few being a couple in my community. But like you said, there does seem to be a staring contest going on.
July 9, 2008 at 6:02 AM #235882CoronitaParticipant[quote]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest.[/quote]Is that attached or detached? I know the attached market is trashed and has been trashed for some good time now.BUT, I was more interested in detached. Actually, this was sort of tongue and cheek. Because I think i sort of get a feel for where things stand in CV right now…There were a bunch a Pardee cheerleaders touting how “well” specifically Pardee communities in CV are holding up a few weeks/months ago, and while I did notice a few resales closing, it seems like some of the new inventory isn’t moving….I’m sort of curious where they all went and what the current assessment of the market looks like. π
I do notice that there are more homes priced “better” and those are the ones that move, a few being a couple in my community. But like you said, there does seem to be a staring contest going on.
July 9, 2008 at 6:02 AM #235928CoronitaParticipant[quote]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest.[/quote]Is that attached or detached? I know the attached market is trashed and has been trashed for some good time now.BUT, I was more interested in detached. Actually, this was sort of tongue and cheek. Because I think i sort of get a feel for where things stand in CV right now…There were a bunch a Pardee cheerleaders touting how “well” specifically Pardee communities in CV are holding up a few weeks/months ago, and while I did notice a few resales closing, it seems like some of the new inventory isn’t moving….I’m sort of curious where they all went and what the current assessment of the market looks like. π
I do notice that there are more homes priced “better” and those are the ones that move, a few being a couple in my community. But like you said, there does seem to be a staring contest going on.
July 9, 2008 at 6:02 AM #235939CoronitaParticipant[quote]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest.[/quote]Is that attached or detached? I know the attached market is trashed and has been trashed for some good time now.BUT, I was more interested in detached. Actually, this was sort of tongue and cheek. Because I think i sort of get a feel for where things stand in CV right now…There were a bunch a Pardee cheerleaders touting how “well” specifically Pardee communities in CV are holding up a few weeks/months ago, and while I did notice a few resales closing, it seems like some of the new inventory isn’t moving….I’m sort of curious where they all went and what the current assessment of the market looks like. π
I do notice that there are more homes priced “better” and those are the ones that move, a few being a couple in my community. But like you said, there does seem to be a staring contest going on.
July 9, 2008 at 12:49 PM #236090pepsiParticipantI am hoping that CV will repeat what MM had last fall/winter.
It may not be as dramatic as MM, but I think 10 – 15% cut is reasonable.July 9, 2008 at 12:49 PM #236216pepsiParticipantI am hoping that CV will repeat what MM had last fall/winter.
It may not be as dramatic as MM, but I think 10 – 15% cut is reasonable.July 9, 2008 at 12:49 PM #236227pepsiParticipantI am hoping that CV will repeat what MM had last fall/winter.
It may not be as dramatic as MM, but I think 10 – 15% cut is reasonable.July 9, 2008 at 12:49 PM #236273pepsiParticipantI am hoping that CV will repeat what MM had last fall/winter.
It may not be as dramatic as MM, but I think 10 – 15% cut is reasonable. -
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