Data quick shows 21.9% increase in So.Cal April Sales

[sheilawellington]

Banks are offering about 20% less than last year for foreclosed properties:

Itokuda, from your posting it looks like banks are buying foreclosed houses. I had to follow the link to clarify.

Corrected heading:

Banks are offering foreclosed properties for about 20% less than last year:

[afx114]

Bear trap.

[afx114]

Bear trap.

[afx114]

Bear trap.

[afx114]

Bear trap.

[afx114]

Bear trap.

[ltokuda]

Do you feel that the avg. buyer is educated enough to see these numbers and not start to get a bit itchy?

No, I think the average buyer is NOT educated at all about the economics of buying a house.  I work with a lot of engineers (who are good in math) and even they don't understand how to value a property.  There's so much mis-information floating around that its easy to get confused.  I was completely lost until I stumbled upon Piggington's.  And even after 2 years of studying this, I still feel like there's a lot more to learn.

From my observations, the average home buyer makes their decision to buy based on emotions.  They want to buy a house first, then they convince themselves that its the right thing to do.  So if the average person saw a home they wanted going for 20% off the peak and they were able to get financing for it, there's a good chance they'll take it.

I see the increased buying activity on the lower end as a natural process: prices go down, demand goes up.  If prices go down more, demand will go up more.

 

[ltokuda]

Do you feel that the avg. buyer is educated enough to see these numbers and not start to get a bit itchy?

No, I think the average buyer is NOT educated at all about the economics of buying a house.  I work with a lot of engineers (who are good in math) and even they don't understand how to value a property.  There's so much mis-information floating around that its easy to get confused.  I was completely lost until I stumbled upon Piggington's.  And even after 2 years of studying this, I still feel like there's a lot more to learn.

From my observations, the average home buyer makes their decision to buy based on emotions.  They want to buy a house first, then they convince themselves that its the right thing to do.  So if the average person saw a home they wanted going for 20% off the peak and they were able to get financing for it, there's a good chance they'll take it.

I see the increased buying activity on the lower end as a natural process: prices go down, demand goes up.  If prices go down more, demand will go up more.

 

[ltokuda]

Do you feel that the avg. buyer is educated enough to see these numbers and not start to get a bit itchy?

No, I think the average buyer is NOT educated at all about the economics of buying a house.  I work with a lot of engineers (who are good in math) and even they don't understand how to value a property.  There's so much mis-information floating around that its easy to get confused.  I was completely lost until I stumbled upon Piggington's.  And even after 2 years of studying this, I still feel like there's a lot more to learn.

From my observations, the average home buyer makes their decision to buy based on emotions.  They want to buy a house first, then they convince themselves that its the right thing to do.  So if the average person saw a home they wanted going for 20% off the peak and they were able to get financing for it, there's a good chance they'll take it.

I see the increased buying activity on the lower end as a natural process: prices go down, demand goes up.  If prices go down more, demand will go up more.

 

[ltokuda]

Do you feel that the avg. buyer is educated enough to see these numbers and not start to get a bit itchy?

No, I think the average buyer is NOT educated at all about the economics of buying a house.  I work with a lot of engineers (who are good in math) and even they don't understand how to value a property.  There's so much mis-information floating around that its easy to get confused.  I was completely lost until I stumbled upon Piggington's.  And even after 2 years of studying this, I still feel like there's a lot more to learn.

From my observations, the average home buyer makes their decision to buy based on emotions.  They want to buy a house first, then they convince themselves that its the right thing to do.  So if the average person saw a home they wanted going for 20% off the peak and they were able to get financing for it, there's a good chance they'll take it.

I see the increased buying activity on the lower end as a natural process: prices go down, demand goes up.  If prices go down more, demand will go up more.

 

[ltokuda]

Do you feel that the avg. buyer is educated enough to see these numbers and not start to get a bit itchy?

No, I think the average buyer is NOT educated at all about the economics of buying a house.  I work with a lot of engineers (who are good in math) and even they don't understand how to value a property.  There's so much mis-information floating around that its easy to get confused.  I was completely lost until I stumbled upon Piggington's.  And even after 2 years of studying this, I still feel like there's a lot more to learn.

From my observations, the average home buyer makes their decision to buy based on emotions.  They want to buy a house first, then they convince themselves that its the right thing to do.  So if the average person saw a home they wanted going for 20% off the peak and they were able to get financing for it, there's a good chance they'll take it.

I see the increased buying activity on the lower end as a natural process: prices go down, demand goes up.  If prices go down more, demand will go up more.

 

[Multiplepropertyowner]

ltokuda,
I could not agree more. Well said.
MPO

[Multiplepropertyowner]

ltokuda,
I could not agree more. Well said.
MPO

[Multiplepropertyowner]

ltokuda,
I could not agree more. Well said.
MPO

[Multiplepropertyowner]

ltokuda,
I could not agree more. Well said.
MPO

[Author]

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