Are We Close to Bottom?

[Ren]

jdsuowner, FYI, different areas rise and fall at different rates/times. Some areas have hit bottom, some haven’t. If you’re thinking of it as a home that you will be in for a very long time, that should factor into the price you’re willing to pay (a little more). You probably won’t find a great house in a great neighborhood for really cheap, but you might find a great house in a great neighborhood that you can afford, and that’s a good thing.

[quote=SD Realtor]At some point investors will set the base due to the return they make on the investment as a rental.[/quote]

I believe this is what happened in the inland empire. My hood (Temecula) hit bottom about the time TG bought, in my opinion. Returns were so good at those prices that they couldn’t go lower, or even stay there for long. Prices then bounced a little due to the tax incentive, but now that that’s gone, they’re settling down to a more reasonable (not crazy low) level.

[Reality]

I know $530k looks cheap compared to $750k, but peak pricing was so retarded it qualified for the Special Olympics. Not saying $300k is possible but do you really think a house is worth 77% more than a decade ago, especially in today’s economy?

Raising interest rates could shock the real estate market enough to crash it. Cheap credit and government manipulation have kept things propped up as high as they are.

We might be close to a bottom in some areas but I doubt any areas still selling for $500k are close to it.

[Reality]

I know $530k looks cheap compared to $750k, but peak pricing was so retarded it qualified for the Special Olympics. Not saying $300k is possible but do you really think a house is worth 77% more than a decade ago, especially in today’s economy?

Raising interest rates could shock the real estate market enough to crash it. Cheap credit and government manipulation have kept things propped up as high as they are.

We might be close to a bottom in some areas but I doubt any areas still selling for $500k are close to it.

[Reality]

I know $530k looks cheap compared to $750k, but peak pricing was so retarded it qualified for the Special Olympics. Not saying $300k is possible but do you really think a house is worth 77% more than a decade ago, especially in today’s economy?

Raising interest rates could shock the real estate market enough to crash it. Cheap credit and government manipulation have kept things propped up as high as they are.

We might be close to a bottom in some areas but I doubt any areas still selling for $500k are close to it.

[Reality]

I know $530k looks cheap compared to $750k, but peak pricing was so retarded it qualified for the Special Olympics. Not saying $300k is possible but do you really think a house is worth 77% more than a decade ago, especially in today’s economy?

Raising interest rates could shock the real estate market enough to crash it. Cheap credit and government manipulation have kept things propped up as high as they are.

We might be close to a bottom in some areas but I doubt any areas still selling for $500k are close to it.

[Reality]

I know $530k looks cheap compared to $750k, but peak pricing was so retarded it qualified for the Special Olympics. Not saying $300k is possible but do you really think a house is worth 77% more than a decade ago, especially in today’s economy?

Raising interest rates could shock the real estate market enough to crash it. Cheap credit and government manipulation have kept things propped up as high as they are.

We might be close to a bottom in some areas but I doubt any areas still selling for $500k are close to it.

[DataAgent]

The bottom is in!

Is San Diego hottest U.S. housing market?
http://lansner.ocregister.com/2011/01/27/is-san-diego-hottest-u-s-housing-market/97006/

[DataAgent]

The bottom is in!

Is San Diego hottest U.S. housing market?
http://lansner.ocregister.com/2011/01/27/is-san-diego-hottest-u-s-housing-market/97006/

[DataAgent]

The bottom is in!

Is San Diego hottest U.S. housing market?
http://lansner.ocregister.com/2011/01/27/is-san-diego-hottest-u-s-housing-market/97006/

[DataAgent]

The bottom is in!

Is San Diego hottest U.S. housing market?
http://lansner.ocregister.com/2011/01/27/is-san-diego-hottest-u-s-housing-market/97006/

[DataAgent]

The bottom is in!

Is San Diego hottest U.S. housing market?
http://lansner.ocregister.com/2011/01/27/is-san-diego-hottest-u-s-housing-market/97006/

[bearishgurl]

[quote=DataAgent]The bottom is in!

Is San Diego hottest U.S. housing market?
http://lansner.ocregister.com/2011/01/27/is-san-diego-hottest-u-s-housing-market/97006/%5B/quote%5D

Awesome, DataAgent. Thanks for posting. Wonder if the 7.2% decline in housing values expected for Reno in 2011 will spill over into South Lake Tahoe??

[bearishgurl]

[quote=DataAgent]The bottom is in!

Is San Diego hottest U.S. housing market?
http://lansner.ocregister.com/2011/01/27/is-san-diego-hottest-u-s-housing-market/97006/%5B/quote%5D

Awesome, DataAgent. Thanks for posting. Wonder if the 7.2% decline in housing values expected for Reno in 2011 will spill over into South Lake Tahoe??

[bearishgurl]

[quote=DataAgent]The bottom is in!

Is San Diego hottest U.S. housing market?
http://lansner.ocregister.com/2011/01/27/is-san-diego-hottest-u-s-housing-market/97006/%5B/quote%5D

Awesome, DataAgent. Thanks for posting. Wonder if the 7.2% decline in housing values expected for Reno in 2011 will spill over into South Lake Tahoe??

[bearishgurl]

[quote=DataAgent]The bottom is in!

Is San Diego hottest U.S. housing market?
http://lansner.ocregister.com/2011/01/27/is-san-diego-hottest-u-s-housing-market/97006/%5B/quote%5D

Awesome, DataAgent. Thanks for posting. Wonder if the 7.2% decline in housing values expected for Reno in 2011 will spill over into South Lake Tahoe??

[Author]

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