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  • May 23, 2011 at 11:22 AM #699027
    sdrealtor
    Participant

    I think the difference between our thinking is the size of the mispricing:)

    update: the 2nd house which was roughly a 700K house now has multiple offers on it. The $20K difference on the asking price made all the difference.

    May 23, 2011 at 12:22 PM #697875
    briansd1
    Guest

    Banks are holding on to large inventories of foreclosed houses.

    If you believe that interest rates will rise… combine that with the release of foreclosed inventory. Prices will drop.

    May 23, 2011 at 12:22 PM #697966
    briansd1
    Guest

    Banks are holding on to large inventories of foreclosed houses.

    If you believe that interest rates will rise… combine that with the release of foreclosed inventory. Prices will drop.

    May 23, 2011 at 12:22 PM #698561
    briansd1
    Guest

    Banks are holding on to large inventories of foreclosed houses.

    If you believe that interest rates will rise… combine that with the release of foreclosed inventory. Prices will drop.

    May 23, 2011 at 12:22 PM #698707
    briansd1
    Guest

    Banks are holding on to large inventories of foreclosed houses.

    If you believe that interest rates will rise… combine that with the release of foreclosed inventory. Prices will drop.

    May 23, 2011 at 12:22 PM #699062
    briansd1
    Guest

    Banks are holding on to large inventories of foreclosed houses.

    If you believe that interest rates will rise… combine that with the release of foreclosed inventory. Prices will drop.

    May 23, 2011 at 12:31 PM #697885
    UCGal
    Participant

    [quote=sdrealtor]The market is now much more dominated by sellers with equity. Many of them are sellers just trying to get out and not take too much of a beating. [/quote]

    I know of 2 listings in my hood that fit this statement. One is owned by friends – they relocated 2 years ago and kept the house as a rental because of the down housing market. The house is almost paid for. It’s back on the market because they’ll sell it if they can.

    May 23, 2011 at 12:31 PM #697976
    UCGal
    Participant

    [quote=sdrealtor]The market is now much more dominated by sellers with equity. Many of them are sellers just trying to get out and not take too much of a beating. [/quote]

    I know of 2 listings in my hood that fit this statement. One is owned by friends – they relocated 2 years ago and kept the house as a rental because of the down housing market. The house is almost paid for. It’s back on the market because they’ll sell it if they can.

    May 23, 2011 at 12:31 PM #698571
    UCGal
    Participant

    [quote=sdrealtor]The market is now much more dominated by sellers with equity. Many of them are sellers just trying to get out and not take too much of a beating. [/quote]

    I know of 2 listings in my hood that fit this statement. One is owned by friends – they relocated 2 years ago and kept the house as a rental because of the down housing market. The house is almost paid for. It’s back on the market because they’ll sell it if they can.

    May 23, 2011 at 12:31 PM #698717
    UCGal
    Participant

    [quote=sdrealtor]The market is now much more dominated by sellers with equity. Many of them are sellers just trying to get out and not take too much of a beating. [/quote]

    I know of 2 listings in my hood that fit this statement. One is owned by friends – they relocated 2 years ago and kept the house as a rental because of the down housing market. The house is almost paid for. It’s back on the market because they’ll sell it if they can.

    May 23, 2011 at 12:31 PM #699072
    UCGal
    Participant

    [quote=sdrealtor]The market is now much more dominated by sellers with equity. Many of them are sellers just trying to get out and not take too much of a beating. [/quote]

    I know of 2 listings in my hood that fit this statement. One is owned by friends – they relocated 2 years ago and kept the house as a rental because of the down housing market. The house is almost paid for. It’s back on the market because they’ll sell it if they can.

    May 23, 2011 at 12:33 PM #697895
    sdrealtor
    Participant

    [quote=briansd1]Banks are holding on to large inventories of foreclosed houses.

    If you believe that interest rates will rise… combine that with the release of foreclosed inventory. Prices will drop.

    http://www.nytimes.com/2011/05/23/business/economy/23glut.html%5B/quote%5D

    Not here

    May 23, 2011 at 12:33 PM #697986
    sdrealtor
    Participant

    [quote=briansd1]Banks are holding on to large inventories of foreclosed houses.

    If you believe that interest rates will rise… combine that with the release of foreclosed inventory. Prices will drop.

    http://www.nytimes.com/2011/05/23/business/economy/23glut.html%5B/quote%5D

    Not here

    May 23, 2011 at 12:33 PM #698581
    sdrealtor
    Participant

    [quote=briansd1]Banks are holding on to large inventories of foreclosed houses.

    If you believe that interest rates will rise… combine that with the release of foreclosed inventory. Prices will drop.

    http://www.nytimes.com/2011/05/23/business/economy/23glut.html%5B/quote%5D

    Not here

    May 23, 2011 at 12:33 PM #698727
    sdrealtor
    Participant

    [quote=briansd1]Banks are holding on to large inventories of foreclosed houses.

    If you believe that interest rates will rise… combine that with the release of foreclosed inventory. Prices will drop.

    http://www.nytimes.com/2011/05/23/business/economy/23glut.html%5B/quote%5D

    Not here

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