First glimmer of good news for San Diego

[cr]

“Transaction volume, however, especially over the next 12 months is becoming an increasingly important gauge of a market’s health.”

Translation:

We will look under any rock to find a glimmer of light if it means we can ignore the blatant reality that housing is screwed for years to come.

[nostradamus]

Yup. Exactly.

A) Transaction volume in boom times: 50 houses sold for $1M
B) Transaction volume in bust times: 50 houses sold for $100k

TransA = TransB => all times must be boom times

Let’s also not forget to ignore rising foreclosures + rising inventory and the basic fact of economics that transaction volume can be increased by lowering the price.

[nostradamus]

Yup. Exactly.

A) Transaction volume in boom times: 50 houses sold for $1M
B) Transaction volume in bust times: 50 houses sold for $100k

TransA = TransB => all times must be boom times

Let’s also not forget to ignore rising foreclosures + rising inventory and the basic fact of economics that transaction volume can be increased by lowering the price.

[nostradamus]

Yup. Exactly.

A) Transaction volume in boom times: 50 houses sold for $1M
B) Transaction volume in bust times: 50 houses sold for $100k

TransA = TransB => all times must be boom times

Let’s also not forget to ignore rising foreclosures + rising inventory and the basic fact of economics that transaction volume can be increased by lowering the price.

[nostradamus]

Yup. Exactly.

A) Transaction volume in boom times: 50 houses sold for $1M
B) Transaction volume in bust times: 50 houses sold for $100k

TransA = TransB => all times must be boom times

Let’s also not forget to ignore rising foreclosures + rising inventory and the basic fact of economics that transaction volume can be increased by lowering the price.

[nostradamus]

Yup. Exactly.

A) Transaction volume in boom times: 50 houses sold for $1M
B) Transaction volume in bust times: 50 houses sold for $100k

TransA = TransB => all times must be boom times

Let’s also not forget to ignore rising foreclosures + rising inventory and the basic fact of economics that transaction volume can be increased by lowering the price.

[(former)FormerSanDiegan]

The only sensible thing I see here is the notion that sales volume is important.
Remember sales volume started slowing in 2004, preceding the price peak by a year or so. Likewise, at the bottom, the number of sales will start to increase a year or two before there is upward pressure in prices. It takes a sustained increase in volume to soak up the bloated inventory. I wouldn’t be too worried about rapid upward price movement for at least a year after it is apparent that sales volume has improved.

Sales volume is a very useful indicator (not when focusing on noisy month-to-month fluctuations, but when looking at longer term trends).

[(former)FormerSanDiegan]

The only sensible thing I see here is the notion that sales volume is important.
Remember sales volume started slowing in 2004, preceding the price peak by a year or so. Likewise, at the bottom, the number of sales will start to increase a year or two before there is upward pressure in prices. It takes a sustained increase in volume to soak up the bloated inventory. I wouldn’t be too worried about rapid upward price movement for at least a year after it is apparent that sales volume has improved.

Sales volume is a very useful indicator (not when focusing on noisy month-to-month fluctuations, but when looking at longer term trends).

[(former)FormerSanDiegan]

The only sensible thing I see here is the notion that sales volume is important.
Remember sales volume started slowing in 2004, preceding the price peak by a year or so. Likewise, at the bottom, the number of sales will start to increase a year or two before there is upward pressure in prices. It takes a sustained increase in volume to soak up the bloated inventory. I wouldn’t be too worried about rapid upward price movement for at least a year after it is apparent that sales volume has improved.

Sales volume is a very useful indicator (not when focusing on noisy month-to-month fluctuations, but when looking at longer term trends).

[(former)FormerSanDiegan]

The only sensible thing I see here is the notion that sales volume is important.
Remember sales volume started slowing in 2004, preceding the price peak by a year or so. Likewise, at the bottom, the number of sales will start to increase a year or two before there is upward pressure in prices. It takes a sustained increase in volume to soak up the bloated inventory. I wouldn’t be too worried about rapid upward price movement for at least a year after it is apparent that sales volume has improved.

Sales volume is a very useful indicator (not when focusing on noisy month-to-month fluctuations, but when looking at longer term trends).

[(former)FormerSanDiegan]

The only sensible thing I see here is the notion that sales volume is important.
Remember sales volume started slowing in 2004, preceding the price peak by a year or so. Likewise, at the bottom, the number of sales will start to increase a year or two before there is upward pressure in prices. It takes a sustained increase in volume to soak up the bloated inventory. I wouldn’t be too worried about rapid upward price movement for at least a year after it is apparent that sales volume has improved.

Sales volume is a very useful indicator (not when focusing on noisy month-to-month fluctuations, but when looking at longer term trends).

[(former)FormerSanDiegan]

The original article can be viewed here …

http://www.forbes.com/lifestyle/2008/03/31/homes-risky-property-forbeslife-cx_mw_0331realestate.html

The author’s writing style (forget the content) is actually pretty good and he might sound like a grizzled old veteran to some folks so I thought it would be interesting to post his photo. My gosh, is he still in high school ?

[img_assist|nid=7089|title=author Woosley|desc=|link=node|align=left|width=375|height=500]

[(former)FormerSanDiegan]

The original article can be viewed here …

http://www.forbes.com/lifestyle/2008/03/31/homes-risky-property-forbeslife-cx_mw_0331realestate.html

The author’s writing style (forget the content) is actually pretty good and he might sound like a grizzled old veteran to some folks so I thought it would be interesting to post his photo. My gosh, is he still in high school ?

[img_assist|nid=7089|title=author Woosley|desc=|link=node|align=left|width=375|height=500]

[(former)FormerSanDiegan]

The original article can be viewed here …

http://www.forbes.com/lifestyle/2008/03/31/homes-risky-property-forbeslife-cx_mw_0331realestate.html

The author’s writing style (forget the content) is actually pretty good and he might sound like a grizzled old veteran to some folks so I thought it would be interesting to post his photo. My gosh, is he still in high school ?

[img_assist|nid=7089|title=author Woosley|desc=|link=node|align=left|width=375|height=500]

[(former)FormerSanDiegan]

The original article can be viewed here …

http://www.forbes.com/lifestyle/2008/03/31/homes-risky-property-forbeslife-cx_mw_0331realestate.html

The author’s writing style (forget the content) is actually pretty good and he might sound like a grizzled old veteran to some folks so I thought it would be interesting to post his photo. My gosh, is he still in high school ?

[img_assist|nid=7089|title=author Woosley|desc=|link=node|align=left|width=375|height=500]

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