Get ready for inventory to plummet!!

[Reality]

The real inventory won’t plummet.

[Arraya]

Now if we can just do loan mods for the 1/3 of southern californian homes underwater, stop wage and employment deflation and find some sort of engine for job creation we may have a bottom in site.

http://blogs.wsj.com/developments/2009/05/19/concerns-about-a-false-bottom-in-housing/

Have foreclosure moratoria—which artificially depressed foreclosures in the fourth quarter of 2008—provided a false sense of security that the worst of the foreclosure tidal wave has passed?

Notices of default in California have spiked in recent months, as more foreclosures have moved their way through the pipeline. A state law had decelerated foreclosures at the end of 2008 and in early 2009. But foreclosures jumped by 40% in April from March in the Golden State, and foreclosure could double or triple this month, according data tracked by The Field Check Group, a Menlo Park, Calif.-based research firm, and ForeclosureRadar.com.

[Arraya]

Now if we can just do loan mods for the 1/3 of southern californian homes underwater, stop wage and employment deflation and find some sort of engine for job creation we may have a bottom in site.

http://blogs.wsj.com/developments/2009/05/19/concerns-about-a-false-bottom-in-housing/

Have foreclosure moratoria—which artificially depressed foreclosures in the fourth quarter of 2008—provided a false sense of security that the worst of the foreclosure tidal wave has passed?

Notices of default in California have spiked in recent months, as more foreclosures have moved their way through the pipeline. A state law had decelerated foreclosures at the end of 2008 and in early 2009. But foreclosures jumped by 40% in April from March in the Golden State, and foreclosure could double or triple this month, according data tracked by The Field Check Group, a Menlo Park, Calif.-based research firm, and ForeclosureRadar.com.

[Arraya]

Now if we can just do loan mods for the 1/3 of southern californian homes underwater, stop wage and employment deflation and find some sort of engine for job creation we may have a bottom in site.

http://blogs.wsj.com/developments/2009/05/19/concerns-about-a-false-bottom-in-housing/

Have foreclosure moratoria—which artificially depressed foreclosures in the fourth quarter of 2008—provided a false sense of security that the worst of the foreclosure tidal wave has passed?

Notices of default in California have spiked in recent months, as more foreclosures have moved their way through the pipeline. A state law had decelerated foreclosures at the end of 2008 and in early 2009. But foreclosures jumped by 40% in April from March in the Golden State, and foreclosure could double or triple this month, according data tracked by The Field Check Group, a Menlo Park, Calif.-based research firm, and ForeclosureRadar.com.

[Arraya]

Now if we can just do loan mods for the 1/3 of southern californian homes underwater, stop wage and employment deflation and find some sort of engine for job creation we may have a bottom in site.

http://blogs.wsj.com/developments/2009/05/19/concerns-about-a-false-bottom-in-housing/

Have foreclosure moratoria—which artificially depressed foreclosures in the fourth quarter of 2008—provided a false sense of security that the worst of the foreclosure tidal wave has passed?

Notices of default in California have spiked in recent months, as more foreclosures have moved their way through the pipeline. A state law had decelerated foreclosures at the end of 2008 and in early 2009. But foreclosures jumped by 40% in April from March in the Golden State, and foreclosure could double or triple this month, according data tracked by The Field Check Group, a Menlo Park, Calif.-based research firm, and ForeclosureRadar.com.

[Arraya]

Now if we can just do loan mods for the 1/3 of southern californian homes underwater, stop wage and employment deflation and find some sort of engine for job creation we may have a bottom in site.

http://blogs.wsj.com/developments/2009/05/19/concerns-about-a-false-bottom-in-housing/

Have foreclosure moratoria—which artificially depressed foreclosures in the fourth quarter of 2008—provided a false sense of security that the worst of the foreclosure tidal wave has passed?

Notices of default in California have spiked in recent months, as more foreclosures have moved their way through the pipeline. A state law had decelerated foreclosures at the end of 2008 and in early 2009. But foreclosures jumped by 40% in April from March in the Golden State, and foreclosure could double or triple this month, according data tracked by The Field Check Group, a Menlo Park, Calif.-based research firm, and ForeclosureRadar.com.

[sdrealtor]

John
The sad truth is that the real inventory in SD County plummeted months ago. It is only now that the inventory figures will more accurately depict what is going on.

It is a miserable experience to be a buyer today. Finding a decent home on the market is never easy and it is tougher than ever. Finding one priced well is even tougher. Once you find it you quickly learn you have a roomful of company and an open bidding process on the home that lasts from 2 to 4 months. This is the market we will be in for a few years to come. Yes prices will be lower for the next few years. However, the unfortunate corrollary is that it doesnt mean you will get something you really like at those prices.

As for the title of this thread, it was intentionally sensationalist. Those around here long enough eunderstand my sense of humor. It was a jab at the media who will leach onto the declining active inventory numbers as meaning something other than improved data collection. Sorry it went over your head Bob.

[sdrealtor]

John
The sad truth is that the real inventory in SD County plummeted months ago. It is only now that the inventory figures will more accurately depict what is going on.

It is a miserable experience to be a buyer today. Finding a decent home on the market is never easy and it is tougher than ever. Finding one priced well is even tougher. Once you find it you quickly learn you have a roomful of company and an open bidding process on the home that lasts from 2 to 4 months. This is the market we will be in for a few years to come. Yes prices will be lower for the next few years. However, the unfortunate corrollary is that it doesnt mean you will get something you really like at those prices.

As for the title of this thread, it was intentionally sensationalist. Those around here long enough eunderstand my sense of humor. It was a jab at the media who will leach onto the declining active inventory numbers as meaning something other than improved data collection. Sorry it went over your head Bob.

[sdrealtor]

John
The sad truth is that the real inventory in SD County plummeted months ago. It is only now that the inventory figures will more accurately depict what is going on.

It is a miserable experience to be a buyer today. Finding a decent home on the market is never easy and it is tougher than ever. Finding one priced well is even tougher. Once you find it you quickly learn you have a roomful of company and an open bidding process on the home that lasts from 2 to 4 months. This is the market we will be in for a few years to come. Yes prices will be lower for the next few years. However, the unfortunate corrollary is that it doesnt mean you will get something you really like at those prices.

As for the title of this thread, it was intentionally sensationalist. Those around here long enough eunderstand my sense of humor. It was a jab at the media who will leach onto the declining active inventory numbers as meaning something other than improved data collection. Sorry it went over your head Bob.

[sdrealtor]

John
The sad truth is that the real inventory in SD County plummeted months ago. It is only now that the inventory figures will more accurately depict what is going on.

It is a miserable experience to be a buyer today. Finding a decent home on the market is never easy and it is tougher than ever. Finding one priced well is even tougher. Once you find it you quickly learn you have a roomful of company and an open bidding process on the home that lasts from 2 to 4 months. This is the market we will be in for a few years to come. Yes prices will be lower for the next few years. However, the unfortunate corrollary is that it doesnt mean you will get something you really like at those prices.

As for the title of this thread, it was intentionally sensationalist. Those around here long enough eunderstand my sense of humor. It was a jab at the media who will leach onto the declining active inventory numbers as meaning something other than improved data collection. Sorry it went over your head Bob.

[sdrealtor]

John
The sad truth is that the real inventory in SD County plummeted months ago. It is only now that the inventory figures will more accurately depict what is going on.

It is a miserable experience to be a buyer today. Finding a decent home on the market is never easy and it is tougher than ever. Finding one priced well is even tougher. Once you find it you quickly learn you have a roomful of company and an open bidding process on the home that lasts from 2 to 4 months. This is the market we will be in for a few years to come. Yes prices will be lower for the next few years. However, the unfortunate corrollary is that it doesnt mean you will get something you really like at those prices.

As for the title of this thread, it was intentionally sensationalist. Those around here long enough eunderstand my sense of humor. It was a jab at the media who will leach onto the declining active inventory numbers as meaning something other than improved data collection. Sorry it went over your head Bob.

[sdduuuude]

[quote=sdrealtor]Yes prices will be lower for the next few years. However, the unfortunate corrollary is that it doesnt mean you will get something you really like at those prices.
[/quote]

That’s a pretty nasty prediction.
I have to think about what that means.

Processing …

[sdduuuude]

[quote=sdrealtor]Yes prices will be lower for the next few years. However, the unfortunate corrollary is that it doesnt mean you will get something you really like at those prices.
[/quote]

That’s a pretty nasty prediction.
I have to think about what that means.

Processing …

[sdduuuude]

[quote=sdrealtor]Yes prices will be lower for the next few years. However, the unfortunate corrollary is that it doesnt mean you will get something you really like at those prices.
[/quote]

That’s a pretty nasty prediction.
I have to think about what that means.

Processing …

[sdduuuude]

[quote=sdrealtor]Yes prices will be lower for the next few years. However, the unfortunate corrollary is that it doesnt mean you will get something you really like at those prices.
[/quote]

That’s a pretty nasty prediction.
I have to think about what that means.

Processing …

[Author]

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