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SD Realtor.
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June 22, 2009 at 2:20 PM #15923June 22, 2009 at 6:11 PM #418961
PadreBrian
ParticipantAnd this is a bad thing? It’s not.
June 22, 2009 at 6:11 PM #419688PadreBrian
ParticipantAnd this is a bad thing? It’s not.
June 22, 2009 at 6:11 PM #419527PadreBrian
ParticipantAnd this is a bad thing? It’s not.
June 22, 2009 at 6:11 PM #419458PadreBrian
ParticipantAnd this is a bad thing? It’s not.
June 22, 2009 at 6:11 PM #419190PadreBrian
ParticipantAnd this is a bad thing? It’s not.
June 22, 2009 at 9:51 PM #419743aldante
ParticipantTo me this is significant….my sarcasm is directed at those who keep insisting there is a whole lot of buying pressure out there……
June 22, 2009 at 9:51 PM #419245aldante
ParticipantTo me this is significant….my sarcasm is directed at those who keep insisting there is a whole lot of buying pressure out there……
June 22, 2009 at 9:51 PM #419015aldante
ParticipantTo me this is significant….my sarcasm is directed at those who keep insisting there is a whole lot of buying pressure out there……
June 22, 2009 at 9:51 PM #419582aldante
ParticipantTo me this is significant….my sarcasm is directed at those who keep insisting there is a whole lot of buying pressure out there……
June 22, 2009 at 9:51 PM #419513aldante
ParticipantTo me this is significant….my sarcasm is directed at those who keep insisting there is a whole lot of buying pressure out there……
June 22, 2009 at 10:05 PM #419753temeculaguy
ParticipantThe first sentence says that 84 bil was due to reduced purchase originations, the rest (616 bln) is refi’s. The article is mostly about fewer refi’s in the 5’s, ratewise. I’m not sure if 84 bln lower purcahse originations is the indicator to determine the buying, number of units sold is a better index because houses purchased now cost less, in many cases, a lot less, so less will be borrowed. I also think todays buyer is probably biting off less than they can chew as opposed to two years ago, partially due to lower prices and partially due to marcoeconmic uncertainty.
I guess I have been one those who mentions buying activity, but I’m not a realtor, just a potential landlord shopping the market for a cheap rental, I’m not making this stuff up, there are people buying real estate right now, lots of them, it would be easier for me if they weren’t, but they are. Inventory, number of sales, number of offers, days on market, these are metrics to determine activity, loan originations can be a factor but it’s a smaller indicator and the large refi percentage clouds it so you have to seperate the data.
June 22, 2009 at 10:05 PM #419256temeculaguy
ParticipantThe first sentence says that 84 bil was due to reduced purchase originations, the rest (616 bln) is refi’s. The article is mostly about fewer refi’s in the 5’s, ratewise. I’m not sure if 84 bln lower purcahse originations is the indicator to determine the buying, number of units sold is a better index because houses purchased now cost less, in many cases, a lot less, so less will be borrowed. I also think todays buyer is probably biting off less than they can chew as opposed to two years ago, partially due to lower prices and partially due to marcoeconmic uncertainty.
I guess I have been one those who mentions buying activity, but I’m not a realtor, just a potential landlord shopping the market for a cheap rental, I’m not making this stuff up, there are people buying real estate right now, lots of them, it would be easier for me if they weren’t, but they are. Inventory, number of sales, number of offers, days on market, these are metrics to determine activity, loan originations can be a factor but it’s a smaller indicator and the large refi percentage clouds it so you have to seperate the data.
June 22, 2009 at 10:05 PM #419592temeculaguy
ParticipantThe first sentence says that 84 bil was due to reduced purchase originations, the rest (616 bln) is refi’s. The article is mostly about fewer refi’s in the 5’s, ratewise. I’m not sure if 84 bln lower purcahse originations is the indicator to determine the buying, number of units sold is a better index because houses purchased now cost less, in many cases, a lot less, so less will be borrowed. I also think todays buyer is probably biting off less than they can chew as opposed to two years ago, partially due to lower prices and partially due to marcoeconmic uncertainty.
I guess I have been one those who mentions buying activity, but I’m not a realtor, just a potential landlord shopping the market for a cheap rental, I’m not making this stuff up, there are people buying real estate right now, lots of them, it would be easier for me if they weren’t, but they are. Inventory, number of sales, number of offers, days on market, these are metrics to determine activity, loan originations can be a factor but it’s a smaller indicator and the large refi percentage clouds it so you have to seperate the data.
June 22, 2009 at 10:05 PM #419523temeculaguy
ParticipantThe first sentence says that 84 bil was due to reduced purchase originations, the rest (616 bln) is refi’s. The article is mostly about fewer refi’s in the 5’s, ratewise. I’m not sure if 84 bln lower purcahse originations is the indicator to determine the buying, number of units sold is a better index because houses purchased now cost less, in many cases, a lot less, so less will be borrowed. I also think todays buyer is probably biting off less than they can chew as opposed to two years ago, partially due to lower prices and partially due to marcoeconmic uncertainty.
I guess I have been one those who mentions buying activity, but I’m not a realtor, just a potential landlord shopping the market for a cheap rental, I’m not making this stuff up, there are people buying real estate right now, lots of them, it would be easier for me if they weren’t, but they are. Inventory, number of sales, number of offers, days on market, these are metrics to determine activity, loan originations can be a factor but it’s a smaller indicator and the large refi percentage clouds it so you have to seperate the data.
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