Knife catchers jump in

[sdrealtor]

“The BIGGEST driver of prices is supply and demand. Well the big news today is another record high supply.”

Thats national not local news. I have the news on in the background and just heard a statement that sales are up over 40% year over year this month (admittedly it is mostly low end bargain hunters). Inventory in the MLS is down from last year. Not saying prices are going up but supply/demand certainly is not on your side right now. I have about a dozen buyers, all well qualified, with substantial down payments ( afew are all cash) looking for decent proeprties at or just below today’s prices. It has been a HUGE challenge to find what they are looking for. When we do, there is competition.

[PadreBrian]

This is more of a slowing down off the crazy 30-50% fall we have seen. Not absolute bottom.

[PadreBrian]

This is more of a slowing down off the crazy 30-50% fall we have seen. Not absolute bottom.

[PadreBrian]

This is more of a slowing down off the crazy 30-50% fall we have seen. Not absolute bottom.

[PadreBrian]

This is more of a slowing down off the crazy 30-50% fall we have seen. Not absolute bottom.

[PadreBrian]

This is more of a slowing down off the crazy 30-50% fall we have seen. Not absolute bottom.

[donaldduckmoore]

The truth is there are lots of buyers (you may prefer knife catchers). Bottom or not depends on the performance of our economy. You know the Fed is trying everything to save the housing market. If inflation is no longer a threat, they will make interest rate stable and low for as long as possible and the bottom will be near. The current inflation is all driven by oil price. You know that oil price is not moving up recently and stronger dollar also suppresses rising oil price. If they have the trick to do all these, then the housing market should not be looking too glim. It is all psychological cycle. Just my personal opinion.

[donaldduckmoore]

The truth is there are lots of buyers (you may prefer knife catchers). Bottom or not depends on the performance of our economy. You know the Fed is trying everything to save the housing market. If inflation is no longer a threat, they will make interest rate stable and low for as long as possible and the bottom will be near. The current inflation is all driven by oil price. You know that oil price is not moving up recently and stronger dollar also suppresses rising oil price. If they have the trick to do all these, then the housing market should not be looking too glim. It is all psychological cycle. Just my personal opinion.

[donaldduckmoore]

The truth is there are lots of buyers (you may prefer knife catchers). Bottom or not depends on the performance of our economy. You know the Fed is trying everything to save the housing market. If inflation is no longer a threat, they will make interest rate stable and low for as long as possible and the bottom will be near. The current inflation is all driven by oil price. You know that oil price is not moving up recently and stronger dollar also suppresses rising oil price. If they have the trick to do all these, then the housing market should not be looking too glim. It is all psychological cycle. Just my personal opinion.

[donaldduckmoore]

The truth is there are lots of buyers (you may prefer knife catchers). Bottom or not depends on the performance of our economy. You know the Fed is trying everything to save the housing market. If inflation is no longer a threat, they will make interest rate stable and low for as long as possible and the bottom will be near. The current inflation is all driven by oil price. You know that oil price is not moving up recently and stronger dollar also suppresses rising oil price. If they have the trick to do all these, then the housing market should not be looking too glim. It is all psychological cycle. Just my personal opinion.

[donaldduckmoore]

The truth is there are lots of buyers (you may prefer knife catchers). Bottom or not depends on the performance of our economy. You know the Fed is trying everything to save the housing market. If inflation is no longer a threat, they will make interest rate stable and low for as long as possible and the bottom will be near. The current inflation is all driven by oil price. You know that oil price is not moving up recently and stronger dollar also suppresses rising oil price. If they have the trick to do all these, then the housing market should not be looking too glim. It is all psychological cycle. Just my personal opinion.

[poorsaver]

I have been renting for three years now, and I don’t plan on catching any knives any time soon. When I feel the bottom is in, perhaps in late 2010, I think the bargains will be plentiful and very few will be wanting to buy. That’s when I’ll make my move. I don’t care what the interest rates will be, as I’ll be paying all cash. I have two other friends that also are sitting on the fence with all cash. I can’t believe we are isolated examples. Unless we enter another Great Depression or some other geo-political disaster, I think the next cycle up will be a strong one with so many people waiting with lots of cash. But I don’t think there will be any hurry to catch the knife, as when there is a true bottom, like I said, everyone will be thoroughly disgusted with real estate.

[poorsaver]

I have been renting for three years now, and I don’t plan on catching any knives any time soon. When I feel the bottom is in, perhaps in late 2010, I think the bargains will be plentiful and very few will be wanting to buy. That’s when I’ll make my move. I don’t care what the interest rates will be, as I’ll be paying all cash. I have two other friends that also are sitting on the fence with all cash. I can’t believe we are isolated examples. Unless we enter another Great Depression or some other geo-political disaster, I think the next cycle up will be a strong one with so many people waiting with lots of cash. But I don’t think there will be any hurry to catch the knife, as when there is a true bottom, like I said, everyone will be thoroughly disgusted with real estate.

[poorsaver]

I have been renting for three years now, and I don’t plan on catching any knives any time soon. When I feel the bottom is in, perhaps in late 2010, I think the bargains will be plentiful and very few will be wanting to buy. That’s when I’ll make my move. I don’t care what the interest rates will be, as I’ll be paying all cash. I have two other friends that also are sitting on the fence with all cash. I can’t believe we are isolated examples. Unless we enter another Great Depression or some other geo-political disaster, I think the next cycle up will be a strong one with so many people waiting with lots of cash. But I don’t think there will be any hurry to catch the knife, as when there is a true bottom, like I said, everyone will be thoroughly disgusted with real estate.

[poorsaver]

I have been renting for three years now, and I don’t plan on catching any knives any time soon. When I feel the bottom is in, perhaps in late 2010, I think the bargains will be plentiful and very few will be wanting to buy. That’s when I’ll make my move. I don’t care what the interest rates will be, as I’ll be paying all cash. I have two other friends that also are sitting on the fence with all cash. I can’t believe we are isolated examples. Unless we enter another Great Depression or some other geo-political disaster, I think the next cycle up will be a strong one with so many people waiting with lots of cash. But I don’t think there will be any hurry to catch the knife, as when there is a true bottom, like I said, everyone will be thoroughly disgusted with real estate.

[Author]

Posts