Is it bad everywhere?

[jpinpb]

There are so many forces manipulating this market. Smokes and mirrors, I say. I like to think of it as water out in the desert.

[freshman]

The housing market is so hot since early this year. In LA, my friend needs to compete with other buyers to buy an old house in good school district. The selling price is higher than listing price now. More people jump in already. In SD, I can see the SFH get sold in few days if their prices are attractive and reasonable.

Unemployment rate is high but some people have savings and wait for a long time to buy house. When the price and mortgage rate are reasonable, people jump in. Also, the economics is stabilized. Small companies starts to hire the talents got layoff from big companies. Big companies still lay off people. Although you won’t see the growth from the news, some developments are growing behind.

[freshman]

The housing market is so hot since early this year. In LA, my friend needs to compete with other buyers to buy an old house in good school district. The selling price is higher than listing price now. More people jump in already. In SD, I can see the SFH get sold in few days if their prices are attractive and reasonable.

Unemployment rate is high but some people have savings and wait for a long time to buy house. When the price and mortgage rate are reasonable, people jump in. Also, the economics is stabilized. Small companies starts to hire the talents got layoff from big companies. Big companies still lay off people. Although you won’t see the growth from the news, some developments are growing behind.

[freshman]

The housing market is so hot since early this year. In LA, my friend needs to compete with other buyers to buy an old house in good school district. The selling price is higher than listing price now. More people jump in already. In SD, I can see the SFH get sold in few days if their prices are attractive and reasonable.

Unemployment rate is high but some people have savings and wait for a long time to buy house. When the price and mortgage rate are reasonable, people jump in. Also, the economics is stabilized. Small companies starts to hire the talents got layoff from big companies. Big companies still lay off people. Although you won’t see the growth from the news, some developments are growing behind.

[freshman]

The housing market is so hot since early this year. In LA, my friend needs to compete with other buyers to buy an old house in good school district. The selling price is higher than listing price now. More people jump in already. In SD, I can see the SFH get sold in few days if their prices are attractive and reasonable.

Unemployment rate is high but some people have savings and wait for a long time to buy house. When the price and mortgage rate are reasonable, people jump in. Also, the economics is stabilized. Small companies starts to hire the talents got layoff from big companies. Big companies still lay off people. Although you won’t see the growth from the news, some developments are growing behind.

[freshman]

The housing market is so hot since early this year. In LA, my friend needs to compete with other buyers to buy an old house in good school district. The selling price is higher than listing price now. More people jump in already. In SD, I can see the SFH get sold in few days if their prices are attractive and reasonable.

Unemployment rate is high but some people have savings and wait for a long time to buy house. When the price and mortgage rate are reasonable, people jump in. Also, the economics is stabilized. Small companies starts to hire the talents got layoff from big companies. Big companies still lay off people. Although you won’t see the growth from the news, some developments are growing behind.

[temeculaguy]

In my zip code I have noticed a shift in recent weeks, I think the shadow inventory is starting to show up. Albeit, I am at ground zero so it’s difficult to compare areas, but many times what I see here, shows up soon after in other areas. The bank owned homes are starting to list at the rate of a 4 or 5 a day as opposed to 4 or 5 a week. The ones nearby that I have followed that were vacant for a long time have just listed. Overall inventory is flat from last month and at a 5 year low, list prices are flat over the last 6 months, no more chunks down but they are coming on the market at a higher rate, selling, and more coming on, I think the bidding wars may end soon.

Maybe the banks are doing it on purpose or maybe they just ramped up the staff to process it. Personally I think that the banks realized rates were low, people were buying and they might as well clear the stuff out, it just took them 2 months to get the ball rolling, the fall/winter may be a much better scenario for a buyer if this trend holds up, then again, the fall/winter usually is anyway.

[temeculaguy]

In my zip code I have noticed a shift in recent weeks, I think the shadow inventory is starting to show up. Albeit, I am at ground zero so it’s difficult to compare areas, but many times what I see here, shows up soon after in other areas. The bank owned homes are starting to list at the rate of a 4 or 5 a day as opposed to 4 or 5 a week. The ones nearby that I have followed that were vacant for a long time have just listed. Overall inventory is flat from last month and at a 5 year low, list prices are flat over the last 6 months, no more chunks down but they are coming on the market at a higher rate, selling, and more coming on, I think the bidding wars may end soon.

Maybe the banks are doing it on purpose or maybe they just ramped up the staff to process it. Personally I think that the banks realized rates were low, people were buying and they might as well clear the stuff out, it just took them 2 months to get the ball rolling, the fall/winter may be a much better scenario for a buyer if this trend holds up, then again, the fall/winter usually is anyway.

[temeculaguy]

In my zip code I have noticed a shift in recent weeks, I think the shadow inventory is starting to show up. Albeit, I am at ground zero so it’s difficult to compare areas, but many times what I see here, shows up soon after in other areas. The bank owned homes are starting to list at the rate of a 4 or 5 a day as opposed to 4 or 5 a week. The ones nearby that I have followed that were vacant for a long time have just listed. Overall inventory is flat from last month and at a 5 year low, list prices are flat over the last 6 months, no more chunks down but they are coming on the market at a higher rate, selling, and more coming on, I think the bidding wars may end soon.

Maybe the banks are doing it on purpose or maybe they just ramped up the staff to process it. Personally I think that the banks realized rates were low, people were buying and they might as well clear the stuff out, it just took them 2 months to get the ball rolling, the fall/winter may be a much better scenario for a buyer if this trend holds up, then again, the fall/winter usually is anyway.

[temeculaguy]

In my zip code I have noticed a shift in recent weeks, I think the shadow inventory is starting to show up. Albeit, I am at ground zero so it’s difficult to compare areas, but many times what I see here, shows up soon after in other areas. The bank owned homes are starting to list at the rate of a 4 or 5 a day as opposed to 4 or 5 a week. The ones nearby that I have followed that were vacant for a long time have just listed. Overall inventory is flat from last month and at a 5 year low, list prices are flat over the last 6 months, no more chunks down but they are coming on the market at a higher rate, selling, and more coming on, I think the bidding wars may end soon.

Maybe the banks are doing it on purpose or maybe they just ramped up the staff to process it. Personally I think that the banks realized rates were low, people were buying and they might as well clear the stuff out, it just took them 2 months to get the ball rolling, the fall/winter may be a much better scenario for a buyer if this trend holds up, then again, the fall/winter usually is anyway.

[temeculaguy]

In my zip code I have noticed a shift in recent weeks, I think the shadow inventory is starting to show up. Albeit, I am at ground zero so it’s difficult to compare areas, but many times what I see here, shows up soon after in other areas. The bank owned homes are starting to list at the rate of a 4 or 5 a day as opposed to 4 or 5 a week. The ones nearby that I have followed that were vacant for a long time have just listed. Overall inventory is flat from last month and at a 5 year low, list prices are flat over the last 6 months, no more chunks down but they are coming on the market at a higher rate, selling, and more coming on, I think the bidding wars may end soon.

Maybe the banks are doing it on purpose or maybe they just ramped up the staff to process it. Personally I think that the banks realized rates were low, people were buying and they might as well clear the stuff out, it just took them 2 months to get the ball rolling, the fall/winter may be a much better scenario for a buyer if this trend holds up, then again, the fall/winter usually is anyway.

[luxuryglow]

Keep the optimism. They are called “Green Shoots”.

[luxuryglow]

Keep the optimism. They are called “Green Shoots”.

[luxuryglow]

Keep the optimism. They are called “Green Shoots”.

[luxuryglow]

Keep the optimism. They are called “Green Shoots”.

[Author]

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