CAR – Econ & Housing Forecast 2010

[fun4vnay2]

[quote=jpinpb]Did you see Page 32, As of May 2009, Percent of ARMs……To Reset Next 24+ Months, 40.4%.

Inventory for San Diego county, according to SDL is 16,040.[/quote]

Even if it resets, govt would do everything to keep the housing prices stable,
so don’t wait for a precipitous fall in prices for san diego.
People have been waiting for this to happen for last 5 years..

[sdrealtor]

Did it occur to you that many of the resets that have been happening have lowered people’s interest rates. My best friend had his 5/1 ALT A ARM reset about 6 months ago and the rate dropped about 1.5%. His monthly payment which was already very affordable for him dropped hundreds of dollars a month. He was so excited he went out and bought a new BMW after it reset. The funny thing is his lease expired on his old one and he got a nicer/new one which he bought instead of leasing again because his payment was less than his old lease with minimal money down. These are easy credit days for folks with assets and income.

[sdrealtor]

Did it occur to you that many of the resets that have been happening have lowered people’s interest rates. My best friend had his 5/1 ALT A ARM reset about 6 months ago and the rate dropped about 1.5%. His monthly payment which was already very affordable for him dropped hundreds of dollars a month. He was so excited he went out and bought a new BMW after it reset. The funny thing is his lease expired on his old one and he got a nicer/new one which he bought instead of leasing again because his payment was less than his old lease with minimal money down. These are easy credit days for folks with assets and income.

[sdrealtor]

Did it occur to you that many of the resets that have been happening have lowered people’s interest rates. My best friend had his 5/1 ALT A ARM reset about 6 months ago and the rate dropped about 1.5%. His monthly payment which was already very affordable for him dropped hundreds of dollars a month. He was so excited he went out and bought a new BMW after it reset. The funny thing is his lease expired on his old one and he got a nicer/new one which he bought instead of leasing again because his payment was less than his old lease with minimal money down. These are easy credit days for folks with assets and income.

[sdrealtor]

Did it occur to you that many of the resets that have been happening have lowered people’s interest rates. My best friend had his 5/1 ALT A ARM reset about 6 months ago and the rate dropped about 1.5%. His monthly payment which was already very affordable for him dropped hundreds of dollars a month. He was so excited he went out and bought a new BMW after it reset. The funny thing is his lease expired on his old one and he got a nicer/new one which he bought instead of leasing again because his payment was less than his old lease with minimal money down. These are easy credit days for folks with assets and income.

[sdrealtor]

Did it occur to you that many of the resets that have been happening have lowered people’s interest rates. My best friend had his 5/1 ALT A ARM reset about 6 months ago and the rate dropped about 1.5%. His monthly payment which was already very affordable for him dropped hundreds of dollars a month. He was so excited he went out and bought a new BMW after it reset. The funny thing is his lease expired on his old one and he got a nicer/new one which he bought instead of leasing again because his payment was less than his old lease with minimal money down. These are easy credit days for folks with assets and income.

[sdrealtor]

Time to bring data:

SDL is very suspect in terms of accuracy. I prefer to go to the source. Here is to the minute stats from the MLS

Active 11585 (of which about 3000 are over 800K)

Contingents (short sales or REO’s with at least one and likely a few offers) 4255

Pendings 5106

Sales – about 2900 per month (averaged over the last 90 days)

Under 800K there are more contingent/pendings than actives. Dividing actives by monthly sales its less than a 3 month supply. So if you are looking in the higher prices you have some power. If you are looking below that, it is a very balanced market.

More supply coming via shadow inventory…I say bring it on!

[sdrealtor]

Time to bring data:

SDL is very suspect in terms of accuracy. I prefer to go to the source. Here is to the minute stats from the MLS

Active 11585 (of which about 3000 are over 800K)

Contingents (short sales or REO’s with at least one and likely a few offers) 4255

Pendings 5106

Sales – about 2900 per month (averaged over the last 90 days)

Under 800K there are more contingent/pendings than actives. Dividing actives by monthly sales its less than a 3 month supply. So if you are looking in the higher prices you have some power. If you are looking below that, it is a very balanced market.

More supply coming via shadow inventory…I say bring it on!

[sdrealtor]

Time to bring data:

SDL is very suspect in terms of accuracy. I prefer to go to the source. Here is to the minute stats from the MLS

Active 11585 (of which about 3000 are over 800K)

Contingents (short sales or REO’s with at least one and likely a few offers) 4255

Pendings 5106

Sales – about 2900 per month (averaged over the last 90 days)

Under 800K there are more contingent/pendings than actives. Dividing actives by monthly sales its less than a 3 month supply. So if you are looking in the higher prices you have some power. If you are looking below that, it is a very balanced market.

More supply coming via shadow inventory…I say bring it on!

[sdrealtor]

Time to bring data:

SDL is very suspect in terms of accuracy. I prefer to go to the source. Here is to the minute stats from the MLS

Active 11585 (of which about 3000 are over 800K)

Contingents (short sales or REO’s with at least one and likely a few offers) 4255

Pendings 5106

Sales – about 2900 per month (averaged over the last 90 days)

Under 800K there are more contingent/pendings than actives. Dividing actives by monthly sales its less than a 3 month supply. So if you are looking in the higher prices you have some power. If you are looking below that, it is a very balanced market.

More supply coming via shadow inventory…I say bring it on!

[sdrealtor]

Time to bring data:

SDL is very suspect in terms of accuracy. I prefer to go to the source. Here is to the minute stats from the MLS

Active 11585 (of which about 3000 are over 800K)

Contingents (short sales or REO’s with at least one and likely a few offers) 4255

Pendings 5106

Sales – about 2900 per month (averaged over the last 90 days)

Under 800K there are more contingent/pendings than actives. Dividing actives by monthly sales its less than a 3 month supply. So if you are looking in the higher prices you have some power. If you are looking below that, it is a very balanced market.

More supply coming via shadow inventory…I say bring it on!

[jpinpb]

Do you have any stats on how many of those contingents/pendings go back on market? I’ve seene a few not appraise and get listed again.

[jpinpb]

Do you have any stats on how many of those contingents/pendings go back on market? I’ve seene a few not appraise and get listed again.

[jpinpb]

Do you have any stats on how many of those contingents/pendings go back on market? I’ve seene a few not appraise and get listed again.

[jpinpb]

Do you have any stats on how many of those contingents/pendings go back on market? I’ve seene a few not appraise and get listed again.

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