- This topic has 25 replies, 5 voices, and was last updated 15 years, 9 months ago by
cr.
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July 17, 2008 at 3:52 PM #13334July 17, 2008 at 4:56 PM #241285
(former)FormerSanDiegan
ParticipantThis means that inventory is down 15%.
Prices have been falling steeply. Builder have steep discounts as well.“want to” sellers are not putting their house on the market, keeping the inventory flat.
Inventory by itself is meaningless. Inventory relative to sales is more meaningful (e.g. months of inventory.
Number of sales of existing homes is still anemic.
These numbers do not mean we are in recovery … yet. But I do believe that the activity on the lower end means that we are approaching a bottom.
July 17, 2008 at 4:56 PM #241424ParticipantThis means that inventory is down 15%.
Prices have been falling steeply. Builder have steep discounts as well.“want to” sellers are not putting their house on the market, keeping the inventory flat.
Inventory by itself is meaningless. Inventory relative to sales is more meaningful (e.g. months of inventory.
Number of sales of existing homes is still anemic.
These numbers do not mean we are in recovery … yet. But I do believe that the activity on the lower end means that we are approaching a bottom.
July 17, 2008 at 4:56 PM #241431ParticipantThis means that inventory is down 15%.
Prices have been falling steeply. Builder have steep discounts as well.“want to” sellers are not putting their house on the market, keeping the inventory flat.
Inventory by itself is meaningless. Inventory relative to sales is more meaningful (e.g. months of inventory.
Number of sales of existing homes is still anemic.
These numbers do not mean we are in recovery … yet. But I do believe that the activity on the lower end means that we are approaching a bottom.
July 17, 2008 at 4:56 PM #241485ParticipantThis means that inventory is down 15%.
Prices have been falling steeply. Builder have steep discounts as well.“want to” sellers are not putting their house on the market, keeping the inventory flat.
Inventory by itself is meaningless. Inventory relative to sales is more meaningful (e.g. months of inventory.
Number of sales of existing homes is still anemic.
These numbers do not mean we are in recovery … yet. But I do believe that the activity on the lower end means that we are approaching a bottom.
July 17, 2008 at 4:56 PM #241489ParticipantThis means that inventory is down 15%.
Prices have been falling steeply. Builder have steep discounts as well.“want to” sellers are not putting their house on the market, keeping the inventory flat.
Inventory by itself is meaningless. Inventory relative to sales is more meaningful (e.g. months of inventory.
Number of sales of existing homes is still anemic.
These numbers do not mean we are in recovery … yet. But I do believe that the activity on the lower end means that we are approaching a bottom.
July 17, 2008 at 5:05 PM #241310cv2
ParticipantI think the foreclosure wave is coming to more affluent areas, like Rancho Panesquito. Take a look at this short sale:
http://www.sdlookup.com/MLS-080048067-10469_Caminito_Rimini_San_Diego_Ca_92129
It is priced lower than other properties but so far no knife catchers have pulled the trigger.
July 17, 2008 at 5:05 PM #241449ParticipantI think the foreclosure wave is coming to more affluent areas, like Rancho Panesquito. Take a look at this short sale:
http://www.sdlookup.com/MLS-080048067-10469_Caminito_Rimini_San_Diego_Ca_92129
It is priced lower than other properties but so far no knife catchers have pulled the trigger.
July 17, 2008 at 5:05 PM #241456ParticipantI think the foreclosure wave is coming to more affluent areas, like Rancho Panesquito. Take a look at this short sale:
http://www.sdlookup.com/MLS-080048067-10469_Caminito_Rimini_San_Diego_Ca_92129
It is priced lower than other properties but so far no knife catchers have pulled the trigger.
July 17, 2008 at 5:05 PM #241510ParticipantI think the foreclosure wave is coming to more affluent areas, like Rancho Panesquito. Take a look at this short sale:
http://www.sdlookup.com/MLS-080048067-10469_Caminito_Rimini_San_Diego_Ca_92129
It is priced lower than other properties but so far no knife catchers have pulled the trigger.
July 17, 2008 at 5:05 PM #241513ParticipantI think the foreclosure wave is coming to more affluent areas, like Rancho Panesquito. Take a look at this short sale:
http://www.sdlookup.com/MLS-080048067-10469_Caminito_Rimini_San_Diego_Ca_92129
It is priced lower than other properties but so far no knife catchers have pulled the trigger.
July 17, 2008 at 5:11 PM #241315ParticipantAs for the 42% increase in new home sales …
Q: How much of an increase is it from 0.00002 to 0.0000284 ?
A: 42%.In 2004 about 16,000 new homes sold.
In 2nd quarter 2008 (the 42% increase) 1042 new homes sold. That’s in the quarter that is historically has the most sales.Pathetic.
July 17, 2008 at 5:11 PM #241454ParticipantAs for the 42% increase in new home sales …
Q: How much of an increase is it from 0.00002 to 0.0000284 ?
A: 42%.In 2004 about 16,000 new homes sold.
In 2nd quarter 2008 (the 42% increase) 1042 new homes sold. That’s in the quarter that is historically has the most sales.Pathetic.
July 17, 2008 at 5:11 PM #241461ParticipantAs for the 42% increase in new home sales …
Q: How much of an increase is it from 0.00002 to 0.0000284 ?
A: 42%.In 2004 about 16,000 new homes sold.
In 2nd quarter 2008 (the 42% increase) 1042 new homes sold. That’s in the quarter that is historically has the most sales.Pathetic.
July 17, 2008 at 5:11 PM #241515ParticipantAs for the 42% increase in new home sales …
Q: How much of an increase is it from 0.00002 to 0.0000284 ?
A: 42%.In 2004 about 16,000 new homes sold.
In 2nd quarter 2008 (the 42% increase) 1042 new homes sold. That’s in the quarter that is historically has the most sales.Pathetic.
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