could it be …

[waiting hawk]

The baby could was still sleeping when we pulled up to the house today in Alta Loma (rancho Cucamonga horse property) and we pulled out the garage and drove around like WE USED TO IN 05 through 09 lol. I seen a bunch of foreclosures with the stickers in the windows but not on the mls. There is another leg down 100% comming here as the are a few new houses posted on the mls in the 300k’s. Look out below out here.

[1stimebuy]

I don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.

As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.

That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego

[1stimebuy]

I don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.

As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.

That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego

[1stimebuy]

I don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.

As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.

That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego

[1stimebuy]

I don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.

As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.

That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego

[1stimebuy]

I don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.

As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.

That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego

[garysears]

[quote=1stimebuy]I don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.

As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.

That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego[/quote]

I think the 8k incentive actually bumped prices at least 40k due to leverage. Asking prices at the low end seemed to jump from around 200k to the mid 200ks pretty quickly.

I am in escrow on a low end property after waiting since 2003 to buy. It is really kind of scary because I don’t know how it all will play out. It is possible I’m overpaying by 50-75k.

I came to the conclusion that government is not going to allow the much anticipated dumping of distressed inventory on the market. I guess I just got impatient and declared defeat in my search/hope for reasonable prices.

A logical view is that government won’t be able to afford the housing supports forever. Well, the government hasn’t been able to afford a good portion of spending for years. I put my money on continued government intervention, even to the point of wrecking the currency over it.

Yes, I will be disappointed with myself if the prices come down significantly because that means I will have just been a knife catcher, after having made fun of knife catching the last few years.

[garysears]

[quote=1stimebuy]I don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.

As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.

That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego[/quote]

I think the 8k incentive actually bumped prices at least 40k due to leverage. Asking prices at the low end seemed to jump from around 200k to the mid 200ks pretty quickly.

I am in escrow on a low end property after waiting since 2003 to buy. It is really kind of scary because I don’t know how it all will play out. It is possible I’m overpaying by 50-75k.

I came to the conclusion that government is not going to allow the much anticipated dumping of distressed inventory on the market. I guess I just got impatient and declared defeat in my search/hope for reasonable prices.

A logical view is that government won’t be able to afford the housing supports forever. Well, the government hasn’t been able to afford a good portion of spending for years. I put my money on continued government intervention, even to the point of wrecking the currency over it.

Yes, I will be disappointed with myself if the prices come down significantly because that means I will have just been a knife catcher, after having made fun of knife catching the last few years.

[garysears]

[quote=1stimebuy]I don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.

As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.

That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego[/quote]

I think the 8k incentive actually bumped prices at least 40k due to leverage. Asking prices at the low end seemed to jump from around 200k to the mid 200ks pretty quickly.

I am in escrow on a low end property after waiting since 2003 to buy. It is really kind of scary because I don’t know how it all will play out. It is possible I’m overpaying by 50-75k.

I came to the conclusion that government is not going to allow the much anticipated dumping of distressed inventory on the market. I guess I just got impatient and declared defeat in my search/hope for reasonable prices.

A logical view is that government won’t be able to afford the housing supports forever. Well, the government hasn’t been able to afford a good portion of spending for years. I put my money on continued government intervention, even to the point of wrecking the currency over it.

Yes, I will be disappointed with myself if the prices come down significantly because that means I will have just been a knife catcher, after having made fun of knife catching the last few years.

[garysears]

[quote=1stimebuy]I don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.

As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.

That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego[/quote]

I think the 8k incentive actually bumped prices at least 40k due to leverage. Asking prices at the low end seemed to jump from around 200k to the mid 200ks pretty quickly.

I am in escrow on a low end property after waiting since 2003 to buy. It is really kind of scary because I don’t know how it all will play out. It is possible I’m overpaying by 50-75k.

I came to the conclusion that government is not going to allow the much anticipated dumping of distressed inventory on the market. I guess I just got impatient and declared defeat in my search/hope for reasonable prices.

A logical view is that government won’t be able to afford the housing supports forever. Well, the government hasn’t been able to afford a good portion of spending for years. I put my money on continued government intervention, even to the point of wrecking the currency over it.

Yes, I will be disappointed with myself if the prices come down significantly because that means I will have just been a knife catcher, after having made fun of knife catching the last few years.

[garysears]

[quote=1stimebuy]I don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.

As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.

That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego[/quote]

I think the 8k incentive actually bumped prices at least 40k due to leverage. Asking prices at the low end seemed to jump from around 200k to the mid 200ks pretty quickly.

I am in escrow on a low end property after waiting since 2003 to buy. It is really kind of scary because I don’t know how it all will play out. It is possible I’m overpaying by 50-75k.

I came to the conclusion that government is not going to allow the much anticipated dumping of distressed inventory on the market. I guess I just got impatient and declared defeat in my search/hope for reasonable prices.

A logical view is that government won’t be able to afford the housing supports forever. Well, the government hasn’t been able to afford a good portion of spending for years. I put my money on continued government intervention, even to the point of wrecking the currency over it.

Yes, I will be disappointed with myself if the prices come down significantly because that means I will have just been a knife catcher, after having made fun of knife catching the last few years.

[mercedes7]

[quote=SD Realtor]We may be reaching an inflection point. This is a very speculative statement and certainly not encompassing for the county but some indicators are starting to go off.

Starting with trustee sales for which we attend alot of them. The bidding is completely out of control. We have been playing our cards tightly and get outbid on most everything we see. So there are alot of flippers now owning homes at what I deem, to be very very slim margins.

The 90 day seasoning rule is sometimes off and sometimes on depending on the day of the week. For FHA it was off as of February but MOST all lenders put an overlay in place and that screws flippers trying to get FHA buyers.

Seller psychology has completely flip flopped. With the press telling us how the housing market has turned around and our govt espousing the economy has turned the corner, sellers are now pricing with fairly unrealistic expectations. Indeed someone posted a few weeks back about inventory growth and I am seeing it. The telltale signs of active/pending ratios that we saw in 06 are indeed starting to grow FOR CERTAIN AREAS. Mainly though I am seeing very unrealistic pricing and those homes will not sell and no way do I see them appraising.

So don’t all do cartwheels yet. In many many many submarkets the craziness does indeed persist. It is a tough call at the moment. The derivative is definitely decreasing so we need to sit and wait. I think we will have a more definitive picture come July/Augus.

Still this is worth noting. Of course for high end stuff nothing has changed. However for mid range and starter stuff I think pricing is starting to hurt buyers as rich pointed out in his latest post.[/quote]

Thanks for this info. SD Realtor. I actually posted about the inventory because I began seeing a real change, albeit I don’t have access to the ratio of pendings vs actives. It is nice to hear that someone else is noticing a change. Check out the bond market – 10 year yield nearly at 4% now. If this sell off continues in the bond market, likely to have an effect on housing. Keep the “inside” info coming.

[mercedes7]

[quote=SD Realtor]We may be reaching an inflection point. This is a very speculative statement and certainly not encompassing for the county but some indicators are starting to go off.

Starting with trustee sales for which we attend alot of them. The bidding is completely out of control. We have been playing our cards tightly and get outbid on most everything we see. So there are alot of flippers now owning homes at what I deem, to be very very slim margins.

The 90 day seasoning rule is sometimes off and sometimes on depending on the day of the week. For FHA it was off as of February but MOST all lenders put an overlay in place and that screws flippers trying to get FHA buyers.

Seller psychology has completely flip flopped. With the press telling us how the housing market has turned around and our govt espousing the economy has turned the corner, sellers are now pricing with fairly unrealistic expectations. Indeed someone posted a few weeks back about inventory growth and I am seeing it. The telltale signs of active/pending ratios that we saw in 06 are indeed starting to grow FOR CERTAIN AREAS. Mainly though I am seeing very unrealistic pricing and those homes will not sell and no way do I see them appraising.

So don’t all do cartwheels yet. In many many many submarkets the craziness does indeed persist. It is a tough call at the moment. The derivative is definitely decreasing so we need to sit and wait. I think we will have a more definitive picture come July/Augus.

Still this is worth noting. Of course for high end stuff nothing has changed. However for mid range and starter stuff I think pricing is starting to hurt buyers as rich pointed out in his latest post.[/quote]

Thanks for this info. SD Realtor. I actually posted about the inventory because I began seeing a real change, albeit I don’t have access to the ratio of pendings vs actives. It is nice to hear that someone else is noticing a change. Check out the bond market – 10 year yield nearly at 4% now. If this sell off continues in the bond market, likely to have an effect on housing. Keep the “inside” info coming.

[mercedes7]

[quote=SD Realtor]We may be reaching an inflection point. This is a very speculative statement and certainly not encompassing for the county but some indicators are starting to go off.

Starting with trustee sales for which we attend alot of them. The bidding is completely out of control. We have been playing our cards tightly and get outbid on most everything we see. So there are alot of flippers now owning homes at what I deem, to be very very slim margins.

The 90 day seasoning rule is sometimes off and sometimes on depending on the day of the week. For FHA it was off as of February but MOST all lenders put an overlay in place and that screws flippers trying to get FHA buyers.

Seller psychology has completely flip flopped. With the press telling us how the housing market has turned around and our govt espousing the economy has turned the corner, sellers are now pricing with fairly unrealistic expectations. Indeed someone posted a few weeks back about inventory growth and I am seeing it. The telltale signs of active/pending ratios that we saw in 06 are indeed starting to grow FOR CERTAIN AREAS. Mainly though I am seeing very unrealistic pricing and those homes will not sell and no way do I see them appraising.

So don’t all do cartwheels yet. In many many many submarkets the craziness does indeed persist. It is a tough call at the moment. The derivative is definitely decreasing so we need to sit and wait. I think we will have a more definitive picture come July/Augus.

Still this is worth noting. Of course for high end stuff nothing has changed. However for mid range and starter stuff I think pricing is starting to hurt buyers as rich pointed out in his latest post.[/quote]

Thanks for this info. SD Realtor. I actually posted about the inventory because I began seeing a real change, albeit I don’t have access to the ratio of pendings vs actives. It is nice to hear that someone else is noticing a change. Check out the bond market – 10 year yield nearly at 4% now. If this sell off continues in the bond market, likely to have an effect on housing. Keep the “inside” info coming.

[mercedes7]

[quote=SD Realtor]We may be reaching an inflection point. This is a very speculative statement and certainly not encompassing for the county but some indicators are starting to go off.

Starting with trustee sales for which we attend alot of them. The bidding is completely out of control. We have been playing our cards tightly and get outbid on most everything we see. So there are alot of flippers now owning homes at what I deem, to be very very slim margins.

The 90 day seasoning rule is sometimes off and sometimes on depending on the day of the week. For FHA it was off as of February but MOST all lenders put an overlay in place and that screws flippers trying to get FHA buyers.

Seller psychology has completely flip flopped. With the press telling us how the housing market has turned around and our govt espousing the economy has turned the corner, sellers are now pricing with fairly unrealistic expectations. Indeed someone posted a few weeks back about inventory growth and I am seeing it. The telltale signs of active/pending ratios that we saw in 06 are indeed starting to grow FOR CERTAIN AREAS. Mainly though I am seeing very unrealistic pricing and those homes will not sell and no way do I see them appraising.

So don’t all do cartwheels yet. In many many many submarkets the craziness does indeed persist. It is a tough call at the moment. The derivative is definitely decreasing so we need to sit and wait. I think we will have a more definitive picture come July/Augus.

Still this is worth noting. Of course for high end stuff nothing has changed. However for mid range and starter stuff I think pricing is starting to hurt buyers as rich pointed out in his latest post.[/quote]

Thanks for this info. SD Realtor. I actually posted about the inventory because I began seeing a real change, albeit I don’t have access to the ratio of pendings vs actives. It is nice to hear that someone else is noticing a change. Check out the bond market – 10 year yield nearly at 4% now. If this sell off continues in the bond market, likely to have an effect on housing. Keep the “inside” info coming.

[Author]

Posts