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Viewing 15 posts - 31 through 45 (of 55 total)
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  • August 24, 2007 at 9:40 AM #80528
    temeculaguy
    Participant

    Good one Muggle, that was funny!

    August 24, 2007 at 10:10 AM #80400
    temeculaguy
    Participant

    Oh no I’m in perpetual bold. How do I fix this again? Here’s an article that breaks down that report

    http://biz.yahoo.com/ap/070824/homebuilders_snap.html?.v=1

    It turns out that this report doesn’t count closings just deposits. I’ll bet the August report comes out as sales being up too but the credit crunch caused massive cancellations in August that won’t be accounted for, as loan programs vanish and buyers have to back out because they couldn’t get a loan, this report still counts it as a sale.

    August 24, 2007 at 10:10 AM #80529
    temeculaguy
    Participant

    Oh no I’m in perpetual bold. How do I fix this again? Here’s an article that breaks down that report

    http://biz.yahoo.com/ap/070824/homebuilders_snap.html?.v=1

    It turns out that this report doesn’t count closings just deposits. I’ll bet the August report comes out as sales being up too but the credit crunch caused massive cancellations in August that won’t be accounted for, as loan programs vanish and buyers have to back out because they couldn’t get a loan, this report still counts it as a sale.

    August 24, 2007 at 10:10 AM #80552
    temeculaguy
    Participant

    Oh no I’m in perpetual bold. How do I fix this again? Here’s an article that breaks down that report

    http://biz.yahoo.com/ap/070824/homebuilders_snap.html?.v=1

    It turns out that this report doesn’t count closings just deposits. I’ll bet the August report comes out as sales being up too but the credit crunch caused massive cancellations in August that won’t be accounted for, as loan programs vanish and buyers have to back out because they couldn’t get a loan, this report still counts it as a sale.

    August 24, 2007 at 10:20 AM #80412
    HereWeGo
    Participant

    There it is.

    If you have the means to buy, and you have the need, go ahead and buy. I wouldn’t buy as an investment at this time.

    August 24, 2007 at 10:20 AM #80542
    HereWeGo
    Participant

    There it is.

    If you have the means to buy, and you have the need, go ahead and buy. I wouldn’t buy as an investment at this time.

    August 24, 2007 at 10:20 AM #80564
    HereWeGo
    Participant

    There it is.

    If you have the means to buy, and you have the need, go ahead and buy. I wouldn’t buy as an investment at this time.

    August 24, 2007 at 10:41 AM #80430
    SD Realtor
    Participant

    Schizo in any markets, be it real estate markets, stock markets, whatever type of market there are secular and cyclical trends. Secular trends are the overall direction/trendline of the market performance while cyclical trends are measured in shorter timeframes. I think many here, including yourself all agree we are in a secular depreciating real estate trend. What is up for debate is how long this will go and how much it will depreciate. Some say it will be for many many years, others do not. What is always true in any secular trend is that it doesn’t go straight down or up, it has bumps along the way. I would not consider these numbers indicative of a bottom, just a bump.

    SD Realtor

    August 24, 2007 at 10:41 AM #80560
    SD Realtor
    Participant

    Schizo in any markets, be it real estate markets, stock markets, whatever type of market there are secular and cyclical trends. Secular trends are the overall direction/trendline of the market performance while cyclical trends are measured in shorter timeframes. I think many here, including yourself all agree we are in a secular depreciating real estate trend. What is up for debate is how long this will go and how much it will depreciate. Some say it will be for many many years, others do not. What is always true in any secular trend is that it doesn’t go straight down or up, it has bumps along the way. I would not consider these numbers indicative of a bottom, just a bump.

    SD Realtor

    August 24, 2007 at 10:41 AM #80582
    SD Realtor
    Participant

    Schizo in any markets, be it real estate markets, stock markets, whatever type of market there are secular and cyclical trends. Secular trends are the overall direction/trendline of the market performance while cyclical trends are measured in shorter timeframes. I think many here, including yourself all agree we are in a secular depreciating real estate trend. What is up for debate is how long this will go and how much it will depreciate. Some say it will be for many many years, others do not. What is always true in any secular trend is that it doesn’t go straight down or up, it has bumps along the way. I would not consider these numbers indicative of a bottom, just a bump.

    SD Realtor

    August 24, 2007 at 12:19 PM #80514
    kewp
    Participant

    Look at what’s happening in Florida, 50% off peak on auction sales.

    This is the action to watch. Foreclosure auctions are are going to set the price (and bottom) in SD.

    When foreclosures have stabilized and average sale price starts to turn around, things will have bottomed out.

    August 24, 2007 at 12:19 PM #80644
    kewp
    Participant

    Look at what’s happening in Florida, 50% off peak on auction sales.

    This is the action to watch. Foreclosure auctions are are going to set the price (and bottom) in SD.

    When foreclosures have stabilized and average sale price starts to turn around, things will have bottomed out.

    August 24, 2007 at 12:19 PM #80667
    kewp
    Participant

    Look at what’s happening in Florida, 50% off peak on auction sales.

    This is the action to watch. Foreclosure auctions are are going to set the price (and bottom) in SD.

    When foreclosures have stabilized and average sale price starts to turn around, things will have bottomed out.

    August 24, 2007 at 11:38 PM #80727
    schizo2buyORnot
    Participant

    The second link has true inventory numbers. This is a hard fact. Interpret how you may but don’t try and shade a hard fact which indicates that inventories have stabilized year over year. They are not rising on a year over year basis and have not risen on a year over year basis for the last 4 months in SD.

    http://www.housingtracker.net/askingprices/California/SanDiego-Carlsbad-SanMarcos/

    Stabilizing inventory levels are not indicative of an imploding market.

    Impatient renter

    In search of a crystal ball . . . .

    August 24, 2007 at 11:38 PM #80859
    schizo2buyORnot
    Participant

    The second link has true inventory numbers. This is a hard fact. Interpret how you may but don’t try and shade a hard fact which indicates that inventories have stabilized year over year. They are not rising on a year over year basis and have not risen on a year over year basis for the last 4 months in SD.

    http://www.housingtracker.net/askingprices/California/SanDiego-Carlsbad-SanMarcos/

    Stabilizing inventory levels are not indicative of an imploding market.

    Impatient renter

    In search of a crystal ball . . . .

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