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July 18, 2012 at 1:58 PM #19983July 18, 2012 at 4:28 PM #748342
sdrealtor
ParticipantTry to buy a decent home around here and then come back to tell us what you learned about weak demand.
July 18, 2012 at 4:49 PM #748348The-Shoveler
ParticipantThey are probably one of these article mills, just look at statics like % underwater etc.. with out doing any real research then try to generate a half interesting article especially if it has a catchy headline, they get paid more on quantity than quality most of the time.
Does make a good headline though
“SD RE in the crapper… stay tuned…”Come to think of it a lot of similar articles get posted to this board.
July 18, 2012 at 5:01 PM #748353an
ParticipantOr try to buy a condo in Mira Mesa and then come back to tell us what you learned about weak demand.
July 19, 2012 at 1:03 AM #748386Jazzman
Participant[quote=sdrealtor]Try to buy a decent home around here and then come back to tell us what you learned about weak demand.[/quote]
Don’t you mean tell us what you think about weak supply?
July 19, 2012 at 4:31 AM #748388birmingplumb
ParticipantThought you guys would correct this “error” for lack of a better term and get a kick out of this. Motown, and oh by the way,I want to thank anyone who pays taxes for saving the middle class in Detroit. Now we can send our tax monies to help other States if need be, and wait till the new Ford Fusion arrives. How did the cars get so good so fast?Motown
July 19, 2012 at 7:22 AM #748395Participant[quote=Jazzman][quote=sdrealtor]Try to buy a decent home around here and then come back to tell us what you learned about weak demand.[/quote]
Don’t you mean tell us what you think about weak supply?[/quote]
That’s only half the story. The demand is most definitely out there. Every decent listing gets multiple offers. That tells me the demand is n times the number of sales also.
July 19, 2012 at 9:22 AM #748402maverick
Participantspeaking from experience ‘in the buying cycle now’ – there have been multiple offers on every home i have made an offer on.
here is a snapshot:
home on the market +10months – multiple offers when made
home on the market for 33days – multiple offers when made
home on the market for 1 day – multiple offers when made
home on/off the market due to short-sale – multiple offers when made
July 19, 2012 at 10:02 AM #748406jstoesz
ParticipantThat might just be something realtors say…
July 19, 2012 at 10:58 AM #748411ParticipantSdr, half the story yes, but buyers need to be made aware of the full story. We know credit is difficult to obtain for many, unemployment is high, the economy uncertain so where is that alleged high demand coming from? Multiple offers on decent homes because there are so few. You are on the street so you know, but I’ve been there too–in multiple locations–and gave up things were so chronic.
July 19, 2012 at 11:05 AM #748413ParticipantOutside of investors here are 3 places I see lots of demand from
1. Sold during bubble, rented for a few years and ready to get back in
2. First time buyer professionals that have been waiting for market to bottom and have amassed 20%+ down payments over the last 5 years
3. Professionals relocating from other parts of country for well paying jobs
4. Short sold 3 years ago-saved money during “free rent period”. Rented a cheap place and saved more. Learned their lesson and ready to get back in with 20% down.
5. Bought house pre 2004 and have been successful since then professionally. Ready to move up and keep house as rental.
These are five categories of clients I am working with now.
July 19, 2012 at 12:01 PM #748426Anonymous
Guest[quote=sdrealtor]Outside of investors here are 3 places I see lots of demand from
1. Sold during bubble, rented for a few years and ready to get back in
2. First time buyer professionals that have been waiting for market to bottom and have amassed 20%+ down payments over the last 5 years
3. Professionals relocating from other parts of country for well paying jobs
4. Short sold 3 years ago-saved money during “free rent period”. Rented a cheap place and saved more. Learned their lesson and ready to get back in with 20% down.
5. Bought house pre 2004 and have been successful since then professionally. Ready to move up and keep house as rental.
These are five categories of clients I am working with now.[/quote]
No crap, these are the only five categories that exist (outside of investors).
July 19, 2012 at 4:55 PM #748459ParticipantI guess these people dont exist all of whom wrote offers on some of my listings in the last 30 days
1. Wealthy venture capitalist buying house for daughter as wedding gift
2. Retiree moved her from cold weather climate
3. Father died, inherited a nice amount
4. Sold business and retired at 40
5. Selling longtime primary residence and moving to smaller house by the beachI’m just getting started but if I took the time to go back and check I’m sure I ccould find 20 or 30 other categories of buyers who dont exist
July 19, 2012 at 9:03 PM #748487Reality
ParticipantThe “demand” is like dogs fighting over scraps.
July 19, 2012 at 9:03 PM #748488Participant[quote=sdrealtor]I guess these people dont exist all of whom wrote offers on some of my listings in the last 30 days
1. Wealthy venture capitalist buying house for daughter as wedding gift
2. Retiree moved her from cold weather climate
3. Father died, inherited a nice amount
4. Sold business and retired at 40
5. Selling longtime primary residence and moving to smaller house by the beachI’m just getting started but if I took the time to go back and check I’m sure I ccould find 20 or 30 other categories of buyers who dont exist[/quote]
“Sis Boom Bah, Rah Rah Rah!”
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