cnn.com San Diego on its way to housing recovery

[fun4vnay2]

http://money.cnn.com/galleries/2011/real_estate/1104/gallery.10_turnaround_towns/index.html

[CA renter]

Note the comments following that article.

We’ve been watching this market very closely for many, many years, and have a good grasp of what’s going on. This is the weakest spring we’ve seen in over a decade — even weaker than during the “financial crisis.”

Prices are heading down, borrowing standards are beginning to normalize (tighten even more), and foreclosures are backlogged. The only things that made prices look like they were stabilizing over the past couple of years were the tax credits, foreclosure moratoriums, artificially low interest rates and government takeover of the mortgage market. I would hardly call that a “healthy” or “stabilizing” market. How anyone thinks prices are going up from here is beyond me.

[CA renter]

Note the comments following that article.

We’ve been watching this market very closely for many, many years, and have a good grasp of what’s going on. This is the weakest spring we’ve seen in over a decade — even weaker than during the “financial crisis.”

Prices are heading down, borrowing standards are beginning to normalize (tighten even more), and foreclosures are backlogged. The only things that made prices look like they were stabilizing over the past couple of years were the tax credits, foreclosure moratoriums, artificially low interest rates and government takeover of the mortgage market. I would hardly call that a “healthy” or “stabilizing” market. How anyone thinks prices are going up from here is beyond me.

[CA renter]

Note the comments following that article.

We’ve been watching this market very closely for many, many years, and have a good grasp of what’s going on. This is the weakest spring we’ve seen in over a decade — even weaker than during the “financial crisis.”

Prices are heading down, borrowing standards are beginning to normalize (tighten even more), and foreclosures are backlogged. The only things that made prices look like they were stabilizing over the past couple of years were the tax credits, foreclosure moratoriums, artificially low interest rates and government takeover of the mortgage market. I would hardly call that a “healthy” or “stabilizing” market. How anyone thinks prices are going up from here is beyond me.

[CA renter]

Note the comments following that article.

We’ve been watching this market very closely for many, many years, and have a good grasp of what’s going on. This is the weakest spring we’ve seen in over a decade — even weaker than during the “financial crisis.”

Prices are heading down, borrowing standards are beginning to normalize (tighten even more), and foreclosures are backlogged. The only things that made prices look like they were stabilizing over the past couple of years were the tax credits, foreclosure moratoriums, artificially low interest rates and government takeover of the mortgage market. I would hardly call that a “healthy” or “stabilizing” market. How anyone thinks prices are going up from here is beyond me.

[CA renter]

Note the comments following that article.

We’ve been watching this market very closely for many, many years, and have a good grasp of what’s going on. This is the weakest spring we’ve seen in over a decade — even weaker than during the “financial crisis.”

Prices are heading down, borrowing standards are beginning to normalize (tighten even more), and foreclosures are backlogged. The only things that made prices look like they were stabilizing over the past couple of years were the tax credits, foreclosure moratoriums, artificially low interest rates and government takeover of the mortgage market. I would hardly call that a “healthy” or “stabilizing” market. How anyone thinks prices are going up from here is beyond me.

[loutran]

I can’t believe this kind of false reporting. This is a total joke. The writer should be fired for spreading incredibly false information.

On the other hand, I hope enough idiots fall for this article, buy a house, and then default in two years when the market tanks. Less demand means a better deal for me in two years!!!

[loutran]

I can’t believe this kind of false reporting. This is a total joke. The writer should be fired for spreading incredibly false information.

On the other hand, I hope enough idiots fall for this article, buy a house, and then default in two years when the market tanks. Less demand means a better deal for me in two years!!!

[loutran]

I can’t believe this kind of false reporting. This is a total joke. The writer should be fired for spreading incredibly false information.

On the other hand, I hope enough idiots fall for this article, buy a house, and then default in two years when the market tanks. Less demand means a better deal for me in two years!!!

[loutran]

I can’t believe this kind of false reporting. This is a total joke. The writer should be fired for spreading incredibly false information.

On the other hand, I hope enough idiots fall for this article, buy a house, and then default in two years when the market tanks. Less demand means a better deal for me in two years!!!

[loutran]

I can’t believe this kind of false reporting. This is a total joke. The writer should be fired for spreading incredibly false information.

On the other hand, I hope enough idiots fall for this article, buy a house, and then default in two years when the market tanks. Less demand means a better deal for me in two years!!!

[EJ]

I think there are some grains of truth hidden in the fluff. SD was ahead of the curve (time-wise) on the way down and it makes sense to me that it would be one of the first to stabilize. I don’t think there will be any major (or minor for that matter) appreciation in prices anytime soon. I also don’t think there will be another 40% leg down like there was in ’07-’08. I believe prices are starting to stabilize, I would be surprise to see them move more than 5-10% in either direction over the next few years.

Disclaimer: I closed on my house in Oct last year, so my opinions are loaded with confirmation bias 😉

[EJ]

I think there are some grains of truth hidden in the fluff. SD was ahead of the curve (time-wise) on the way down and it makes sense to me that it would be one of the first to stabilize. I don’t think there will be any major (or minor for that matter) appreciation in prices anytime soon. I also don’t think there will be another 40% leg down like there was in ’07-’08. I believe prices are starting to stabilize, I would be surprise to see them move more than 5-10% in either direction over the next few years.

Disclaimer: I closed on my house in Oct last year, so my opinions are loaded with confirmation bias 😉

[EJ]

I think there are some grains of truth hidden in the fluff. SD was ahead of the curve (time-wise) on the way down and it makes sense to me that it would be one of the first to stabilize. I don’t think there will be any major (or minor for that matter) appreciation in prices anytime soon. I also don’t think there will be another 40% leg down like there was in ’07-’08. I believe prices are starting to stabilize, I would be surprise to see them move more than 5-10% in either direction over the next few years.

Disclaimer: I closed on my house in Oct last year, so my opinions are loaded with confirmation bias 😉

[EJ]

I think there are some grains of truth hidden in the fluff. SD was ahead of the curve (time-wise) on the way down and it makes sense to me that it would be one of the first to stabilize. I don’t think there will be any major (or minor for that matter) appreciation in prices anytime soon. I also don’t think there will be another 40% leg down like there was in ’07-’08. I believe prices are starting to stabilize, I would be surprise to see them move more than 5-10% in either direction over the next few years.

Disclaimer: I closed on my house in Oct last year, so my opinions are loaded with confirmation bias 😉

[Author]

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