Took a walk around my ‘hood a few days after I got back from vacation and saw not a single For Sale sign in my development of 141 homes. Not a single one. There is one trashed out abandoned home that was still on Realtor.Com listed for sale cause I had to check, but NOTHING else. This has never happened before. All,save 1 of the foreclosure/short sale/abandoned homes (about 20) are now in the hands of private owners. I live in Salinas,Ca. and there has only been 1 active new home development since 2004. (though I think there may have been some sort of low income sweat equity deal somewhere). I am curious now and going to have to check out other nearby developments, which reminds me- my wife just showed me a letter her mom received from someone offering to buy her house (mother in law lives half a mile from us in another development)! How does this jibe w/ the gloomy economy, penniless consumer,massive projected unemployment, coming deluge of inventory/shadow etc?
Our housing development has over 300 homes here in SD county and there are zero for sale here, too. It is sort of amazing…a year ago I would have predicted there would be signs up all over the place.
Our housing development has over 300 homes here in SD county and there are zero for sale here, too. It is sort of amazing…a year ago I would have predicted there would be signs up all over the place.
Our housing development has over 300 homes here in SD county and there are zero for sale here, too. It is sort of amazing…a year ago I would have predicted there would be signs up all over the place.
Our housing development has over 300 homes here in SD county and there are zero for sale here, too. It is sort of amazing…a year ago I would have predicted there would be signs up all over the place.
Our housing development has over 300 homes here in SD county and there are zero for sale here, too. It is sort of amazing…a year ago I would have predicted there would be signs up all over the place.
