San Marcos Price Reduction

[lindismith]

Thanks so much for the follow up on this sdr. Always good to get a feel for the trend.

If you had to guess, how long do you think it will stay at the flat/slight upward trend?

Would refer to this as the trough?

[lindismith]

Thanks so much for the follow up on this sdr. Always good to get a feel for the trend.

If you had to guess, how long do you think it will stay at the flat/slight upward trend?

Would refer to this as the trough?

[lindismith]

Thanks so much for the follow up on this sdr. Always good to get a feel for the trend.

If you had to guess, how long do you think it will stay at the flat/slight upward trend?

Would refer to this as the trough?

[sdrealtor]

While it is hard to say with certainty (because it is such a long time out) I believe we are looking at a minimum of 2 to 3 more years in this range and likely 5 years. I expect to trade in a fairly tight range up and down 5 to 10% from where we are.

The unknown is how long unemployment stays elevated and when inflation starts hitting wages. Right now wages seem to be pretty much in line with prices from what I see. Most people can afford to buy in an area acceptable to them it is just the psychology of the market that prevents many from doing so. If buyers had confidence in the economy demand would be alot higher. As it is, there seems to be plenty of demand for every house that I see priced at the market.

[sdrealtor]

While it is hard to say with certainty (because it is such a long time out) I believe we are looking at a minimum of 2 to 3 more years in this range and likely 5 years. I expect to trade in a fairly tight range up and down 5 to 10% from where we are.

The unknown is how long unemployment stays elevated and when inflation starts hitting wages. Right now wages seem to be pretty much in line with prices from what I see. Most people can afford to buy in an area acceptable to them it is just the psychology of the market that prevents many from doing so. If buyers had confidence in the economy demand would be alot higher. As it is, there seems to be plenty of demand for every house that I see priced at the market.

[sdrealtor]

While it is hard to say with certainty (because it is such a long time out) I believe we are looking at a minimum of 2 to 3 more years in this range and likely 5 years. I expect to trade in a fairly tight range up and down 5 to 10% from where we are.

The unknown is how long unemployment stays elevated and when inflation starts hitting wages. Right now wages seem to be pretty much in line with prices from what I see. Most people can afford to buy in an area acceptable to them it is just the psychology of the market that prevents many from doing so. If buyers had confidence in the economy demand would be alot higher. As it is, there seems to be plenty of demand for every house that I see priced at the market.

[sdrealtor]

While it is hard to say with certainty (because it is such a long time out) I believe we are looking at a minimum of 2 to 3 more years in this range and likely 5 years. I expect to trade in a fairly tight range up and down 5 to 10% from where we are.

The unknown is how long unemployment stays elevated and when inflation starts hitting wages. Right now wages seem to be pretty much in line with prices from what I see. Most people can afford to buy in an area acceptable to them it is just the psychology of the market that prevents many from doing so. If buyers had confidence in the economy demand would be alot higher. As it is, there seems to be plenty of demand for every house that I see priced at the market.

[sdrealtor]

While it is hard to say with certainty (because it is such a long time out) I believe we are looking at a minimum of 2 to 3 more years in this range and likely 5 years. I expect to trade in a fairly tight range up and down 5 to 10% from where we are.

The unknown is how long unemployment stays elevated and when inflation starts hitting wages. Right now wages seem to be pretty much in line with prices from what I see. Most people can afford to buy in an area acceptable to them it is just the psychology of the market that prevents many from doing so. If buyers had confidence in the economy demand would be alot higher. As it is, there seems to be plenty of demand for every house that I see priced at the market.

[stockstradr]

Thanks everyone for these updates. This is also an interesting area we are also watching.

Amazing to read this thread that those 2400 sq ft homes in the mentioned area of San Marcos had briefly fallen to as low as $360K – $375K.

I’m betting we see those prices again within one year.

[stockstradr]

Thanks everyone for these updates. This is also an interesting area we are also watching.

Amazing to read this thread that those 2400 sq ft homes in the mentioned area of San Marcos had briefly fallen to as low as $360K – $375K.

I’m betting we see those prices again within one year.

[stockstradr]

Thanks everyone for these updates. This is also an interesting area we are also watching.

Amazing to read this thread that those 2400 sq ft homes in the mentioned area of San Marcos had briefly fallen to as low as $360K – $375K.

I’m betting we see those prices again within one year.

[stockstradr]

Thanks everyone for these updates. This is also an interesting area we are also watching.

Amazing to read this thread that those 2400 sq ft homes in the mentioned area of San Marcos had briefly fallen to as low as $360K – $375K.

I’m betting we see those prices again within one year.

[stockstradr]

Thanks everyone for these updates. This is also an interesting area we are also watching.

Amazing to read this thread that those 2400 sq ft homes in the mentioned area of San Marcos had briefly fallen to as low as $360K – $375K.

I’m betting we see those prices again within one year.

[sdrealtor]

They could but it would most likely take a black swan event.

I’m always up for taking overly bearish posters money. Care to actually make that bet?

[sdrealtor]

They could but it would most likely take a black swan event.

I’m always up for taking overly bearish posters money. Care to actually make that bet?

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