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Home › Forums › Housing › SD inventories dropping like a rock . . . disconnect from other “bubble” markets

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  • June 2, 2009 at 5:03 PM #409877
    ybitz
    Participant

    [quote=BGinRB]I see the same pattern with few CA counties – OC, LA, SF, Riverside… obviously, everyone wants to live in CA and no one wants to live in NV. [/quote]

    I don’t know if that’s the case. Don’t remember where I saw the population data, but if my memory serves, the population of San Diego has not increased much relatives to available housing over the last 3 years. So (natural growth + immigration – emigration) isn’t increasing that much faster than the rate of new housing to suggest the sharp drop in inventory.
    Is Las Vegas experiencing net migration?

    June 2, 2009 at 5:05 PM #409188
    PadreBrian
    Participant

    [quote=UCGal]Does this have anything to do with the new rules that remove pending listings from the lists? (Short sales pending lender approval, etc.)[/quote]
    Not really, those were never real anyway.

    June 2, 2009 at 5:05 PM #409428
    PadreBrian
    Participant

    [quote=UCGal]Does this have anything to do with the new rules that remove pending listings from the lists? (Short sales pending lender approval, etc.)[/quote]
    Not really, those were never real anyway.

    June 2, 2009 at 5:05 PM #409675
    PadreBrian
    Participant

    [quote=UCGal]Does this have anything to do with the new rules that remove pending listings from the lists? (Short sales pending lender approval, etc.)[/quote]
    Not really, those were never real anyway.

    June 2, 2009 at 5:05 PM #409737
    PadreBrian
    Participant

    [quote=UCGal]Does this have anything to do with the new rules that remove pending listings from the lists? (Short sales pending lender approval, etc.)[/quote]
    Not really, those were never real anyway.

    June 2, 2009 at 5:05 PM #409887
    PadreBrian
    Participant

    [quote=UCGal]Does this have anything to do with the new rules that remove pending listings from the lists? (Short sales pending lender approval, etc.)[/quote]
    Not really, those were never real anyway.

    June 2, 2009 at 5:05 PM #409185
    PadreBrian
    Participant

    No one is selling, Period. Add in the refinancing/bailout of the alt-a option only bank robbing clowns. Then add in the fact home builders are squeezing the supply to keep their price up, and you finally get the SD market.

    June 2, 2009 at 5:05 PM #409423
    PadreBrian
    Participant

    No one is selling, Period. Add in the refinancing/bailout of the alt-a option only bank robbing clowns. Then add in the fact home builders are squeezing the supply to keep their price up, and you finally get the SD market.

    June 2, 2009 at 5:05 PM #409669
    PadreBrian
    Participant

    No one is selling, Period. Add in the refinancing/bailout of the alt-a option only bank robbing clowns. Then add in the fact home builders are squeezing the supply to keep their price up, and you finally get the SD market.

    June 2, 2009 at 5:05 PM #409732
    PadreBrian
    Participant

    No one is selling, Period. Add in the refinancing/bailout of the alt-a option only bank robbing clowns. Then add in the fact home builders are squeezing the supply to keep their price up, and you finally get the SD market.

    June 2, 2009 at 5:05 PM #409882
    PadreBrian
    Participant

    No one is selling, Period. Add in the refinancing/bailout of the alt-a option only bank robbing clowns. Then add in the fact home builders are squeezing the supply to keep their price up, and you finally get the SD market.

    June 2, 2009 at 5:19 PM #409209
    CA renter
    Participant

    [quote=PadreBrian]No one is selling, Period. Add in the refinancing/bailout of the alt-a option only bank robbing clowns. Then add in the fact home builders are squeezing the supply to keep their price up, and you finally get the SD market. [/quote]

    Bingo.

    I’d like to see listing history for these months from 1995-present. I think the low inventory numbers are more due to fewer listings than to higher demand — though demand IS higher than the past few years, largely because of lower prices (esp. for those who are price anchoring to bubble prices, instead of pre-bubble prices), artificially suppressed interest rates, taxpayer give-aways to new buyers, GSE/FHA/VA overwhelming the market with cheap loans and little/no down, etc.

    Currently, there is every reason to have a strong selling season, with the only exception being employment. What happens when/if the govt backs down when the bond market forces its hand?

    June 2, 2009 at 5:19 PM #409448
    CA renter
    Participant

    [quote=PadreBrian]No one is selling, Period. Add in the refinancing/bailout of the alt-a option only bank robbing clowns. Then add in the fact home builders are squeezing the supply to keep their price up, and you finally get the SD market. [/quote]

    Bingo.

    I’d like to see listing history for these months from 1995-present. I think the low inventory numbers are more due to fewer listings than to higher demand — though demand IS higher than the past few years, largely because of lower prices (esp. for those who are price anchoring to bubble prices, instead of pre-bubble prices), artificially suppressed interest rates, taxpayer give-aways to new buyers, GSE/FHA/VA overwhelming the market with cheap loans and little/no down, etc.

    Currently, there is every reason to have a strong selling season, with the only exception being employment. What happens when/if the govt backs down when the bond market forces its hand?

    June 2, 2009 at 5:19 PM #409695
    CA renter
    Participant

    [quote=PadreBrian]No one is selling, Period. Add in the refinancing/bailout of the alt-a option only bank robbing clowns. Then add in the fact home builders are squeezing the supply to keep their price up, and you finally get the SD market. [/quote]

    Bingo.

    I’d like to see listing history for these months from 1995-present. I think the low inventory numbers are more due to fewer listings than to higher demand — though demand IS higher than the past few years, largely because of lower prices (esp. for those who are price anchoring to bubble prices, instead of pre-bubble prices), artificially suppressed interest rates, taxpayer give-aways to new buyers, GSE/FHA/VA overwhelming the market with cheap loans and little/no down, etc.

    Currently, there is every reason to have a strong selling season, with the only exception being employment. What happens when/if the govt backs down when the bond market forces its hand?

    June 2, 2009 at 5:19 PM #409757
    CA renter
    Participant

    [quote=PadreBrian]No one is selling, Period. Add in the refinancing/bailout of the alt-a option only bank robbing clowns. Then add in the fact home builders are squeezing the supply to keep their price up, and you finally get the SD market. [/quote]

    Bingo.

    I’d like to see listing history for these months from 1995-present. I think the low inventory numbers are more due to fewer listings than to higher demand — though demand IS higher than the past few years, largely because of lower prices (esp. for those who are price anchoring to bubble prices, instead of pre-bubble prices), artificially suppressed interest rates, taxpayer give-aways to new buyers, GSE/FHA/VA overwhelming the market with cheap loans and little/no down, etc.

    Currently, there is every reason to have a strong selling season, with the only exception being employment. What happens when/if the govt backs down when the bond market forces its hand?

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