Have some areas in San Diego county hit bottom?

[little lady]

DWCAP

Get over yourself and relax….you misunderstand….whatever I don’t care………I won’t respond to you anymore try to pick a fight with someone else………

[hipmatt]

tougher lending standards +

rising food and energy costs +

increase in unemployment +

massive housing inventories +

still a credit crunch +

corporate earnings faltering +

records amount of NODs and REO homes hitting the market, with many more in the pipeline +

it’s now cool to walk away from your house =

why do you have to ask????

are you all kidding me?

esmith and Nor-LA-SD-guy
Please give me some better data to show a bottom in Temecula RE other than a bunch of mall rats waiting in long lines like sheeple for Italian food.

[hipmatt]

tougher lending standards +

rising food and energy costs +

increase in unemployment +

massive housing inventories +

still a credit crunch +

corporate earnings faltering +

records amount of NODs and REO homes hitting the market, with many more in the pipeline +

it’s now cool to walk away from your house =

why do you have to ask????

are you all kidding me?

esmith and Nor-LA-SD-guy
Please give me some better data to show a bottom in Temecula RE other than a bunch of mall rats waiting in long lines like sheeple for Italian food.

[hipmatt]

tougher lending standards +

rising food and energy costs +

increase in unemployment +

massive housing inventories +

still a credit crunch +

corporate earnings faltering +

records amount of NODs and REO homes hitting the market, with many more in the pipeline +

it’s now cool to walk away from your house =

why do you have to ask????

are you all kidding me?

esmith and Nor-LA-SD-guy
Please give me some better data to show a bottom in Temecula RE other than a bunch of mall rats waiting in long lines like sheeple for Italian food.

[hipmatt]

tougher lending standards +

rising food and energy costs +

increase in unemployment +

massive housing inventories +

still a credit crunch +

corporate earnings faltering +

records amount of NODs and REO homes hitting the market, with many more in the pipeline +

it’s now cool to walk away from your house =

why do you have to ask????

are you all kidding me?

esmith and Nor-LA-SD-guy
Please give me some better data to show a bottom in Temecula RE other than a bunch of mall rats waiting in long lines like sheeple for Italian food.

[hipmatt]

tougher lending standards +

rising food and energy costs +

increase in unemployment +

massive housing inventories +

still a credit crunch +

corporate earnings faltering +

records amount of NODs and REO homes hitting the market, with many more in the pipeline +

it’s now cool to walk away from your house =

why do you have to ask????

are you all kidding me?

esmith and Nor-LA-SD-guy
Please give me some better data to show a bottom in Temecula RE other than a bunch of mall rats waiting in long lines like sheeple for Italian food.

[temeculaguy]

Gn, thanks for the props, but I only read the guages, and they all say this is merely the bounce we expected. Whites of their eyes people, wait till you see them, ignore the expected hype behind the expeceted bounce.

Nor, you are right, Temecula isn’t in as bad of shape as most think but those people you see who still have money already have a house, with $4 a gallon gas looming, we aren’t going to get any new people. And we are getting close to a bottom or at least a flat area but I think there is still another 10-20% to come until we are universally at 50% off peak, which is where it will go. Anyone who makes an offer for more than half price peak is throwing money away. Currently it can be found but only the more thrashed houses or worst lots, the rest will be there soon enough.

Check the guages for yourself, my favorite is to check inventory and foreclosure dot com. Currently foreclosure shows 294 foreclosures, 42 Sheriff sales in the next 8 days and most importantly 702 pre-foreclosures in 92592 alone (the highest price and most stable zip of the valley). 87 of the preforeclosures came in the last seven days. Nods are outpacing sales by a multiple, sheriff sales back to the banks exceed sales by themselves, this is not a sign of bottom. The amount of nods has been increasing over the last year, last year 10 or 20 a week was a big week, now it’s a normal day. There are about 10k houses in the zip, 7% of them stopped paying their mortgage in the last few months, when those indicators slow down then I will call bottom but right now, since todays nod is next years vacant reo for sale, I can honestly say there will be twice as many repos for sale next year than right now and I certainly don’t want to miss it. Let the bounce shake out the weak, don’t join them.

[temeculaguy]

Gn, thanks for the props, but I only read the guages, and they all say this is merely the bounce we expected. Whites of their eyes people, wait till you see them, ignore the expected hype behind the expeceted bounce.

Nor, you are right, Temecula isn’t in as bad of shape as most think but those people you see who still have money already have a house, with $4 a gallon gas looming, we aren’t going to get any new people. And we are getting close to a bottom or at least a flat area but I think there is still another 10-20% to come until we are universally at 50% off peak, which is where it will go. Anyone who makes an offer for more than half price peak is throwing money away. Currently it can be found but only the more thrashed houses or worst lots, the rest will be there soon enough.

Check the guages for yourself, my favorite is to check inventory and foreclosure dot com. Currently foreclosure shows 294 foreclosures, 42 Sheriff sales in the next 8 days and most importantly 702 pre-foreclosures in 92592 alone (the highest price and most stable zip of the valley). 87 of the preforeclosures came in the last seven days. Nods are outpacing sales by a multiple, sheriff sales back to the banks exceed sales by themselves, this is not a sign of bottom. The amount of nods has been increasing over the last year, last year 10 or 20 a week was a big week, now it’s a normal day. There are about 10k houses in the zip, 7% of them stopped paying their mortgage in the last few months, when those indicators slow down then I will call bottom but right now, since todays nod is next years vacant reo for sale, I can honestly say there will be twice as many repos for sale next year than right now and I certainly don’t want to miss it. Let the bounce shake out the weak, don’t join them.

[temeculaguy]

Gn, thanks for the props, but I only read the guages, and they all say this is merely the bounce we expected. Whites of their eyes people, wait till you see them, ignore the expected hype behind the expeceted bounce.

Nor, you are right, Temecula isn’t in as bad of shape as most think but those people you see who still have money already have a house, with $4 a gallon gas looming, we aren’t going to get any new people. And we are getting close to a bottom or at least a flat area but I think there is still another 10-20% to come until we are universally at 50% off peak, which is where it will go. Anyone who makes an offer for more than half price peak is throwing money away. Currently it can be found but only the more thrashed houses or worst lots, the rest will be there soon enough.

Check the guages for yourself, my favorite is to check inventory and foreclosure dot com. Currently foreclosure shows 294 foreclosures, 42 Sheriff sales in the next 8 days and most importantly 702 pre-foreclosures in 92592 alone (the highest price and most stable zip of the valley). 87 of the preforeclosures came in the last seven days. Nods are outpacing sales by a multiple, sheriff sales back to the banks exceed sales by themselves, this is not a sign of bottom. The amount of nods has been increasing over the last year, last year 10 or 20 a week was a big week, now it’s a normal day. There are about 10k houses in the zip, 7% of them stopped paying their mortgage in the last few months, when those indicators slow down then I will call bottom but right now, since todays nod is next years vacant reo for sale, I can honestly say there will be twice as many repos for sale next year than right now and I certainly don’t want to miss it. Let the bounce shake out the weak, don’t join them.

[temeculaguy]

Gn, thanks for the props, but I only read the guages, and they all say this is merely the bounce we expected. Whites of their eyes people, wait till you see them, ignore the expected hype behind the expeceted bounce.

Nor, you are right, Temecula isn’t in as bad of shape as most think but those people you see who still have money already have a house, with $4 a gallon gas looming, we aren’t going to get any new people. And we are getting close to a bottom or at least a flat area but I think there is still another 10-20% to come until we are universally at 50% off peak, which is where it will go. Anyone who makes an offer for more than half price peak is throwing money away. Currently it can be found but only the more thrashed houses or worst lots, the rest will be there soon enough.

Check the guages for yourself, my favorite is to check inventory and foreclosure dot com. Currently foreclosure shows 294 foreclosures, 42 Sheriff sales in the next 8 days and most importantly 702 pre-foreclosures in 92592 alone (the highest price and most stable zip of the valley). 87 of the preforeclosures came in the last seven days. Nods are outpacing sales by a multiple, sheriff sales back to the banks exceed sales by themselves, this is not a sign of bottom. The amount of nods has been increasing over the last year, last year 10 or 20 a week was a big week, now it’s a normal day. There are about 10k houses in the zip, 7% of them stopped paying their mortgage in the last few months, when those indicators slow down then I will call bottom but right now, since todays nod is next years vacant reo for sale, I can honestly say there will be twice as many repos for sale next year than right now and I certainly don’t want to miss it. Let the bounce shake out the weak, don’t join them.

[temeculaguy]

Gn, thanks for the props, but I only read the guages, and they all say this is merely the bounce we expected. Whites of their eyes people, wait till you see them, ignore the expected hype behind the expeceted bounce.

Nor, you are right, Temecula isn’t in as bad of shape as most think but those people you see who still have money already have a house, with $4 a gallon gas looming, we aren’t going to get any new people. And we are getting close to a bottom or at least a flat area but I think there is still another 10-20% to come until we are universally at 50% off peak, which is where it will go. Anyone who makes an offer for more than half price peak is throwing money away. Currently it can be found but only the more thrashed houses or worst lots, the rest will be there soon enough.

Check the guages for yourself, my favorite is to check inventory and foreclosure dot com. Currently foreclosure shows 294 foreclosures, 42 Sheriff sales in the next 8 days and most importantly 702 pre-foreclosures in 92592 alone (the highest price and most stable zip of the valley). 87 of the preforeclosures came in the last seven days. Nods are outpacing sales by a multiple, sheriff sales back to the banks exceed sales by themselves, this is not a sign of bottom. The amount of nods has been increasing over the last year, last year 10 or 20 a week was a big week, now it’s a normal day. There are about 10k houses in the zip, 7% of them stopped paying their mortgage in the last few months, when those indicators slow down then I will call bottom but right now, since todays nod is next years vacant reo for sale, I can honestly say there will be twice as many repos for sale next year than right now and I certainly don’t want to miss it. Let the bounce shake out the weak, don’t join them.

[SD Realtor]

Little Lady I have sat and watched the fray on this one. The bottom line is not any different then any of my posts. Secular markets do not just go in a straight line. This market is no different. What you are seeing is indeed a flurry of activity that should not aurprise anybody. Think about it… you have lower pricing, you have easing of capital requirements for the GSEs, you have FHA backed programs pushing limits up and you have all of this in the spring. It should be no surprise to ANYBODY that various submarkets that have more aggressively priced homes are seeing brisk action.

However, with all that said I honestly do not believe we are at a bottom, especially in Poway. Do I think some submarkets are getting closer? Yeah they are but I don’t see the bottom yet. To many indicators need to slowly come to a halt and then change direction. The bottom will not be a V by any means but it will be a long U. I can sit here all night and throw some stats at you to try to prove that we are not at the bottom but that would waste both of our time. Conversely, unlike many people here, I do realize there is more to owning a home then buying at the absolute bottom. Look, if you find a home you love, and you can afford it, and you want to stop renting, and you psychologically are okay with a realization that the home will depreciate in the next few years, and you are NOT going to be relocating or trying to sell in the next few years then I honestly don’t see anything wrong with buying. Getting validation for a purchase on Piggington is like chewing on glass. Anyways, make the purchase for the right reasons, however don’t be deluded by your realtor or others that we are at a bottom. Things may be busy bow but eventually it will get back on track.

SD Realtor

[SD Realtor]

Little Lady I have sat and watched the fray on this one. The bottom line is not any different then any of my posts. Secular markets do not just go in a straight line. This market is no different. What you are seeing is indeed a flurry of activity that should not aurprise anybody. Think about it… you have lower pricing, you have easing of capital requirements for the GSEs, you have FHA backed programs pushing limits up and you have all of this in the spring. It should be no surprise to ANYBODY that various submarkets that have more aggressively priced homes are seeing brisk action.

However, with all that said I honestly do not believe we are at a bottom, especially in Poway. Do I think some submarkets are getting closer? Yeah they are but I don’t see the bottom yet. To many indicators need to slowly come to a halt and then change direction. The bottom will not be a V by any means but it will be a long U. I can sit here all night and throw some stats at you to try to prove that we are not at the bottom but that would waste both of our time. Conversely, unlike many people here, I do realize there is more to owning a home then buying at the absolute bottom. Look, if you find a home you love, and you can afford it, and you want to stop renting, and you psychologically are okay with a realization that the home will depreciate in the next few years, and you are NOT going to be relocating or trying to sell in the next few years then I honestly don’t see anything wrong with buying. Getting validation for a purchase on Piggington is like chewing on glass. Anyways, make the purchase for the right reasons, however don’t be deluded by your realtor or others that we are at a bottom. Things may be busy bow but eventually it will get back on track.

SD Realtor

[SD Realtor]

Little Lady I have sat and watched the fray on this one. The bottom line is not any different then any of my posts. Secular markets do not just go in a straight line. This market is no different. What you are seeing is indeed a flurry of activity that should not aurprise anybody. Think about it… you have lower pricing, you have easing of capital requirements for the GSEs, you have FHA backed programs pushing limits up and you have all of this in the spring. It should be no surprise to ANYBODY that various submarkets that have more aggressively priced homes are seeing brisk action.

However, with all that said I honestly do not believe we are at a bottom, especially in Poway. Do I think some submarkets are getting closer? Yeah they are but I don’t see the bottom yet. To many indicators need to slowly come to a halt and then change direction. The bottom will not be a V by any means but it will be a long U. I can sit here all night and throw some stats at you to try to prove that we are not at the bottom but that would waste both of our time. Conversely, unlike many people here, I do realize there is more to owning a home then buying at the absolute bottom. Look, if you find a home you love, and you can afford it, and you want to stop renting, and you psychologically are okay with a realization that the home will depreciate in the next few years, and you are NOT going to be relocating or trying to sell in the next few years then I honestly don’t see anything wrong with buying. Getting validation for a purchase on Piggington is like chewing on glass. Anyways, make the purchase for the right reasons, however don’t be deluded by your realtor or others that we are at a bottom. Things may be busy bow but eventually it will get back on track.

SD Realtor

[SD Realtor]

Little Lady I have sat and watched the fray on this one. The bottom line is not any different then any of my posts. Secular markets do not just go in a straight line. This market is no different. What you are seeing is indeed a flurry of activity that should not aurprise anybody. Think about it… you have lower pricing, you have easing of capital requirements for the GSEs, you have FHA backed programs pushing limits up and you have all of this in the spring. It should be no surprise to ANYBODY that various submarkets that have more aggressively priced homes are seeing brisk action.

However, with all that said I honestly do not believe we are at a bottom, especially in Poway. Do I think some submarkets are getting closer? Yeah they are but I don’t see the bottom yet. To many indicators need to slowly come to a halt and then change direction. The bottom will not be a V by any means but it will be a long U. I can sit here all night and throw some stats at you to try to prove that we are not at the bottom but that would waste both of our time. Conversely, unlike many people here, I do realize there is more to owning a home then buying at the absolute bottom. Look, if you find a home you love, and you can afford it, and you want to stop renting, and you psychologically are okay with a realization that the home will depreciate in the next few years, and you are NOT going to be relocating or trying to sell in the next few years then I honestly don’t see anything wrong with buying. Getting validation for a purchase on Piggington is like chewing on glass. Anyways, make the purchase for the right reasons, however don’t be deluded by your realtor or others that we are at a bottom. Things may be busy bow but eventually it will get back on track.

SD Realtor

[Author]

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