May Shoe Just DROPPED !

[peterb]

Uncharted is right. Both Bruce Norris and Ward Hannigan, two very seasoned RE investors, have commented that this down cycle is unlike the last couple in many ways and far more severe in depth and speed. Foreclosures topped-out at about 700 a month in the 1990’s for SD county. They’re now approaching 2000 a month! And the full brunt of the recession has yet to hit.

[peterb]

Uncharted is right. Both Bruce Norris and Ward Hannigan, two very seasoned RE investors, have commented that this down cycle is unlike the last couple in many ways and far more severe in depth and speed. Foreclosures topped-out at about 700 a month in the 1990’s for SD county. They’re now approaching 2000 a month! And the full brunt of the recession has yet to hit.

[peterb]

Uncharted is right. Both Bruce Norris and Ward Hannigan, two very seasoned RE investors, have commented that this down cycle is unlike the last couple in many ways and far more severe in depth and speed. Foreclosures topped-out at about 700 a month in the 1990’s for SD county. They’re now approaching 2000 a month! And the full brunt of the recession has yet to hit.

[(former)FormerSanDiegan]

I guess “Late Summer 2008” wasn’t such a bad prediction after all.

For your particular neighborhood (Santa Monica/Westside), I don’t think it will be anywhere close to the bottom within the next 8 weeks (late summer 2008).

However, my guess is that for portions of San Diego and Riverside county late Summer 2008 will be reasonably close to the bottom in pricing, within say 5-10%.

[(former)FormerSanDiegan]

I guess “Late Summer 2008” wasn’t such a bad prediction after all.

For your particular neighborhood (Santa Monica/Westside), I don’t think it will be anywhere close to the bottom within the next 8 weeks (late summer 2008).

However, my guess is that for portions of San Diego and Riverside county late Summer 2008 will be reasonably close to the bottom in pricing, within say 5-10%.

[(former)FormerSanDiegan]

I guess “Late Summer 2008” wasn’t such a bad prediction after all.

For your particular neighborhood (Santa Monica/Westside), I don’t think it will be anywhere close to the bottom within the next 8 weeks (late summer 2008).

However, my guess is that for portions of San Diego and Riverside county late Summer 2008 will be reasonably close to the bottom in pricing, within say 5-10%.

[(former)FormerSanDiegan]

I guess “Late Summer 2008” wasn’t such a bad prediction after all.

For your particular neighborhood (Santa Monica/Westside), I don’t think it will be anywhere close to the bottom within the next 8 weeks (late summer 2008).

However, my guess is that for portions of San Diego and Riverside county late Summer 2008 will be reasonably close to the bottom in pricing, within say 5-10%.

[(former)FormerSanDiegan]

I guess “Late Summer 2008” wasn’t such a bad prediction after all.

For your particular neighborhood (Santa Monica/Westside), I don’t think it will be anywhere close to the bottom within the next 8 weeks (late summer 2008).

However, my guess is that for portions of San Diego and Riverside county late Summer 2008 will be reasonably close to the bottom in pricing, within say 5-10%.

[kev374]

I believe the CME futures market is predicting a 20% decline from now through May 2009 for Los Angeles. My guess it will be more like 30% especially when low buying season hits and banks start cutting prices to unload their REO inventory before year end…thoughts?

[kev374]

I believe the CME futures market is predicting a 20% decline from now through May 2009 for Los Angeles. My guess it will be more like 30% especially when low buying season hits and banks start cutting prices to unload their REO inventory before year end…thoughts?

[kev374]

I believe the CME futures market is predicting a 20% decline from now through May 2009 for Los Angeles. My guess it will be more like 30% especially when low buying season hits and banks start cutting prices to unload their REO inventory before year end…thoughts?

[kev374]

I believe the CME futures market is predicting a 20% decline from now through May 2009 for Los Angeles. My guess it will be more like 30% especially when low buying season hits and banks start cutting prices to unload their REO inventory before year end…thoughts?

[kev374]

I believe the CME futures market is predicting a 20% decline from now through May 2009 for Los Angeles. My guess it will be more like 30% especially when low buying season hits and banks start cutting prices to unload their REO inventory before year end…thoughts?

[gdcox]

Be careful with these futures markets. The latest data for Q1 shows only 1428 contracts. That is 22 per day spread over all the contracts. For example, Los Angeles did not trade today. I bet the bid offer spread is very wide.

Doesn’t mean it is wrong, but it is far from the word of God on those volumes

[gdcox]

Be careful with these futures markets. The latest data for Q1 shows only 1428 contracts. That is 22 per day spread over all the contracts. For example, Los Angeles did not trade today. I bet the bid offer spread is very wide.

Doesn’t mean it is wrong, but it is far from the word of God on those volumes

[Author]

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