How many people are holding houses off the market?

[XBoxBoy]

So, recently it seems to me that a number of homes in the area I watch the closest, (La Jolla) have gone off the market without selling. And inventory is consequently down a good bit. I’ve been wondering why there has been so much of this. I figured that some people are hoping for a better seller’s market in the spring, but as I say, I’ve seen a lot of this lately. (More than I would expect)

Now I’m seeing articles about how if lots of sellers would hold their homes off the market, the housing market would rebound. Here’s an example of what I’ve seen.

http://www.azcentral.com/arizonarepublic/opinions/articles/1220thurlets203.html

My question is, how much of this is actually going on? Are many realtors actually telling sellers to take their homes off the market? If so, how will this play out? How long do you figure most people can hold out for?

XBoxBoy

[(former)FormerSanDiegan]

This always happens this time of year. Houses are taken off the market for the holiday season.

Look for these to be relisted around SuperBowl weekend..

[(former)FormerSanDiegan]

This always happens this time of year. Houses are taken off the market for the holiday season.

Look for these to be relisted around SuperBowl weekend..

[(former)FormerSanDiegan]

This always happens this time of year. Houses are taken off the market for the holiday season.

Look for these to be relisted around SuperBowl weekend..

[(former)FormerSanDiegan]

This always happens this time of year. Houses are taken off the market for the holiday season.

Look for these to be relisted around SuperBowl weekend..

[(former)FormerSanDiegan]

This always happens this time of year. Houses are taken off the market for the holiday season.

Look for these to be relisted around SuperBowl weekend..

[HLS]

It’s just DENIAL…
Hang in there, they will accept reality if they “have to” sell.

That wasn’t an article, it was op-ed, and it was written by a simplistic person…

Until then it’s a poker game, except that
nobody HAS TO BUY,
Some people HAVE TO SELL.

What ever agents are telling sellers is often only an extension of the propaganda from the NAR.
You appear to be giving agents WAY too much credit.

UMMM, Have you actually seen ONE other article other than this one with such a point, it’s so stupid, it’s not even worth talking about.

It reminds me of the fools sending the email around to not buy gas on Friday and prices will drop. UMM..if you need gas you will either buy it on Thursday or on Saturday.

[patientlywaiting]

Agents and owners play games all the time. It’s who blinks first.

I was helping friends find a rental. They have stellar credit and great jobs. The agent was playing hard to get and would not lower the rent (she said she had to submit to owner, have several offers, yada, yada). So they moved on to greener pastures.

Two weeks later the rental is still on the market at a lower rent. The same is happening with house sales. I guess this agent is not getting a Christmas commission check.

[patientlywaiting]

How long do you figure most people can hold out for?

Most homeowners can't afford to lose thousands of dollars each month indefinitely.   It's very expensive to keep a house vacant and in show condition.  

Fall/winter 2008 is when homeowners will begin to give-up in droves.   

 

 

[patientlywaiting]

How long do you figure most people can hold out for?

Most homeowners can't afford to lose thousands of dollars each month indefinitely.   It's very expensive to keep a house vacant and in show condition.  

Fall/winter 2008 is when homeowners will begin to give-up in droves.   

 

 

[patientlywaiting]

How long do you figure most people can hold out for?

Most homeowners can't afford to lose thousands of dollars each month indefinitely.   It's very expensive to keep a house vacant and in show condition.  

Fall/winter 2008 is when homeowners will begin to give-up in droves.   

 

 

[patientlywaiting]

How long do you figure most people can hold out for?

Most homeowners can't afford to lose thousands of dollars each month indefinitely.   It's very expensive to keep a house vacant and in show condition.  

Fall/winter 2008 is when homeowners will begin to give-up in droves.   

 

 

[patientlywaiting]

How long do you figure most people can hold out for?

Most homeowners can't afford to lose thousands of dollars each month indefinitely.   It's very expensive to keep a house vacant and in show condition.  

Fall/winter 2008 is when homeowners will begin to give-up in droves.   

 

 

[patientlywaiting]

Agents and owners play games all the time. It’s who blinks first.

I was helping friends find a rental. They have stellar credit and great jobs. The agent was playing hard to get and would not lower the rent (she said she had to submit to owner, have several offers, yada, yada). So they moved on to greener pastures.

Two weeks later the rental is still on the market at a lower rent. The same is happening with house sales. I guess this agent is not getting a Christmas commission check.

[patientlywaiting]

Agents and owners play games all the time. It’s who blinks first.

I was helping friends find a rental. They have stellar credit and great jobs. The agent was playing hard to get and would not lower the rent (she said she had to submit to owner, have several offers, yada, yada). So they moved on to greener pastures.

Two weeks later the rental is still on the market at a lower rent. The same is happening with house sales. I guess this agent is not getting a Christmas commission check.

[patientlywaiting]

Agents and owners play games all the time. It’s who blinks first.

I was helping friends find a rental. They have stellar credit and great jobs. The agent was playing hard to get and would not lower the rent (she said she had to submit to owner, have several offers, yada, yada). So they moved on to greener pastures.

Two weeks later the rental is still on the market at a lower rent. The same is happening with house sales. I guess this agent is not getting a Christmas commission check.

[patientlywaiting]

Agents and owners play games all the time. It’s who blinks first.

I was helping friends find a rental. They have stellar credit and great jobs. The agent was playing hard to get and would not lower the rent (she said she had to submit to owner, have several offers, yada, yada). So they moved on to greener pastures.

Two weeks later the rental is still on the market at a lower rent. The same is happening with house sales. I guess this agent is not getting a Christmas commission check.

[HLS]

It’s just DENIAL…
Hang in there, they will accept reality if they “have to” sell.

That wasn’t an article, it was op-ed, and it was written by a simplistic person…

Until then it’s a poker game, except that
nobody HAS TO BUY,
Some people HAVE TO SELL.

What ever agents are telling sellers is often only an extension of the propaganda from the NAR.
You appear to be giving agents WAY too much credit.

UMMM, Have you actually seen ONE other article other than this one with such a point, it’s so stupid, it’s not even worth talking about.

It reminds me of the fools sending the email around to not buy gas on Friday and prices will drop. UMM..if you need gas you will either buy it on Thursday or on Saturday.

[HLS]

It’s just DENIAL…
Hang in there, they will accept reality if they “have to” sell.

That wasn’t an article, it was op-ed, and it was written by a simplistic person…

Until then it’s a poker game, except that
nobody HAS TO BUY,
Some people HAVE TO SELL.

What ever agents are telling sellers is often only an extension of the propaganda from the NAR.
You appear to be giving agents WAY too much credit.

UMMM, Have you actually seen ONE other article other than this one with such a point, it’s so stupid, it’s not even worth talking about.

It reminds me of the fools sending the email around to not buy gas on Friday and prices will drop. UMM..if you need gas you will either buy it on Thursday or on Saturday.

[HLS]

It’s just DENIAL…
Hang in there, they will accept reality if they “have to” sell.

That wasn’t an article, it was op-ed, and it was written by a simplistic person…

Until then it’s a poker game, except that
nobody HAS TO BUY,
Some people HAVE TO SELL.

What ever agents are telling sellers is often only an extension of the propaganda from the NAR.
You appear to be giving agents WAY too much credit.

UMMM, Have you actually seen ONE other article other than this one with such a point, it’s so stupid, it’s not even worth talking about.

It reminds me of the fools sending the email around to not buy gas on Friday and prices will drop. UMM..if you need gas you will either buy it on Thursday or on Saturday.

[HLS]

It’s just DENIAL…
Hang in there, they will accept reality if they “have to” sell.

That wasn’t an article, it was op-ed, and it was written by a simplistic person…

Until then it’s a poker game, except that
nobody HAS TO BUY,
Some people HAVE TO SELL.

What ever agents are telling sellers is often only an extension of the propaganda from the NAR.
You appear to be giving agents WAY too much credit.

UMMM, Have you actually seen ONE other article other than this one with such a point, it’s so stupid, it’s not even worth talking about.

It reminds me of the fools sending the email around to not buy gas on Friday and prices will drop. UMM..if you need gas you will either buy it on Thursday or on Saturday.

[DWCAP]

People in La Jolla feel the pain of economic slowdown later than the lower priced areas of SD. Just 1 year ago the NAR was predicting price appreciation at this time. The recient articals in the UT are the first signs to the general public of a REAL problem. Before that, it was all just bad press. It will take time, ie minimum fall ’08, for those in the higher brackets to feel the fear. Right now, a lot of people are waiting for the promised 2008 rebound to sell. Just wait till they realize that jumbo loans +1 over conforming are the norm, and see how many people want to buy. I am no expert, but if the definition of expert is the NAR, than that is a good thing.

[34f3f3f]

Apparently, during the last downturn that threatened Italy, home owners were so stubborn, they held out and prices were contained. That could all be hearsay of course.

I think this is what a lot of people are waiting for, especially in the higher price bracket. I am not an expert like so many here, but it seems to me the air is thick with tension, as a relentless tug-of-war takes place. The patient waiters will probably win out, because they have less to lose in this. Maybe if there are enough people who want to sell but don’t actually need to, it will have some stabilizing effect, but I see SoCal as a transient place, and people move on, which might explain some of the volatility in the first place.

[34f3f3f]

Apparently, during the last downturn that threatened Italy, home owners were so stubborn, they held out and prices were contained. That could all be hearsay of course.

I think this is what a lot of people are waiting for, especially in the higher price bracket. I am not an expert like so many here, but it seems to me the air is thick with tension, as a relentless tug-of-war takes place. The patient waiters will probably win out, because they have less to lose in this. Maybe if there are enough people who want to sell but don’t actually need to, it will have some stabilizing effect, but I see SoCal as a transient place, and people move on, which might explain some of the volatility in the first place.

[34f3f3f]

Apparently, during the last downturn that threatened Italy, home owners were so stubborn, they held out and prices were contained. That could all be hearsay of course.

I think this is what a lot of people are waiting for, especially in the higher price bracket. I am not an expert like so many here, but it seems to me the air is thick with tension, as a relentless tug-of-war takes place. The patient waiters will probably win out, because they have less to lose in this. Maybe if there are enough people who want to sell but don’t actually need to, it will have some stabilizing effect, but I see SoCal as a transient place, and people move on, which might explain some of the volatility in the first place.

[34f3f3f]

Apparently, during the last downturn that threatened Italy, home owners were so stubborn, they held out and prices were contained. That could all be hearsay of course.

I think this is what a lot of people are waiting for, especially in the higher price bracket. I am not an expert like so many here, but it seems to me the air is thick with tension, as a relentless tug-of-war takes place. The patient waiters will probably win out, because they have less to lose in this. Maybe if there are enough people who want to sell but don’t actually need to, it will have some stabilizing effect, but I see SoCal as a transient place, and people move on, which might explain some of the volatility in the first place.

[34f3f3f]

Apparently, during the last downturn that threatened Italy, home owners were so stubborn, they held out and prices were contained. That could all be hearsay of course.

I think this is what a lot of people are waiting for, especially in the higher price bracket. I am not an expert like so many here, but it seems to me the air is thick with tension, as a relentless tug-of-war takes place. The patient waiters will probably win out, because they have less to lose in this. Maybe if there are enough people who want to sell but don’t actually need to, it will have some stabilizing effect, but I see SoCal as a transient place, and people move on, which might explain some of the volatility in the first place.

[DWCAP]

People in La Jolla feel the pain of economic slowdown later than the lower priced areas of SD. Just 1 year ago the NAR was predicting price appreciation at this time. The recient articals in the UT are the first signs to the general public of a REAL problem. Before that, it was all just bad press. It will take time, ie minimum fall ’08, for those in the higher brackets to feel the fear. Right now, a lot of people are waiting for the promised 2008 rebound to sell. Just wait till they realize that jumbo loans +1 over conforming are the norm, and see how many people want to buy. I am no expert, but if the definition of expert is the NAR, than that is a good thing.

[DWCAP]

People in La Jolla feel the pain of economic slowdown later than the lower priced areas of SD. Just 1 year ago the NAR was predicting price appreciation at this time. The recient articals in the UT are the first signs to the general public of a REAL problem. Before that, it was all just bad press. It will take time, ie minimum fall ’08, for those in the higher brackets to feel the fear. Right now, a lot of people are waiting for the promised 2008 rebound to sell. Just wait till they realize that jumbo loans +1 over conforming are the norm, and see how many people want to buy. I am no expert, but if the definition of expert is the NAR, than that is a good thing.

[DWCAP]

People in La Jolla feel the pain of economic slowdown later than the lower priced areas of SD. Just 1 year ago the NAR was predicting price appreciation at this time. The recient articals in the UT are the first signs to the general public of a REAL problem. Before that, it was all just bad press. It will take time, ie minimum fall ’08, for those in the higher brackets to feel the fear. Right now, a lot of people are waiting for the promised 2008 rebound to sell. Just wait till they realize that jumbo loans +1 over conforming are the norm, and see how many people want to buy. I am no expert, but if the definition of expert is the NAR, than that is a good thing.

[DWCAP]

People in La Jolla feel the pain of economic slowdown later than the lower priced areas of SD. Just 1 year ago the NAR was predicting price appreciation at this time. The recient articals in the UT are the first signs to the general public of a REAL problem. Before that, it was all just bad press. It will take time, ie minimum fall ’08, for those in the higher brackets to feel the fear. Right now, a lot of people are waiting for the promised 2008 rebound to sell. Just wait till they realize that jumbo loans +1 over conforming are the norm, and see how many people want to buy. I am no expert, but if the definition of expert is the NAR, than that is a good thing.

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