Spring Housing Prediction

[sdrealtor]

I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

I have a $500K short sale listing in a central location that is nice but needs updating, nothing spectaular but a good basic house with a good location. In 1 week, I have 10 offers and have discouraged at least a dozen others from even bothering to make an offer. 3 of the offers are All Cash and the other 7 range from 20 to 50% down. I got 5 more calls today and have a few more potential offers coming. Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)

[sdduuuude]

[quote=Mark Holmes]…but anyone ignoring the macro-economic trends is just burying their head in the sand.[/quote]

I know, I know. My head spins every time I look at the economic indicators and the San Diego sales figures at the same time. They just don’t make sense. It’s nuts.

Sales are up over last year 4 months in a row. Orange County is seeing the same thing. There’s no denying there’s life in this housing market.

The timing of this whole mess is fascinating and very complex.

Maybe the Spring bounce sdr is expecting is happening now and the macro situation will take hold on the San Diego housing market before Spring. Maybe it won’t take hold until Fall. Who knows.

I’m just glad I’m not needing to buy for 5 years so I don’t really have to worry about the near-term timing. We decided to do my add-on in Clairemont and are under construction now. I’ll just do it on the cheap and sit tight.

Great thread.

[sdduuuude]

[quote=Mark Holmes]…but anyone ignoring the macro-economic trends is just burying their head in the sand.[/quote]

I know, I know. My head spins every time I look at the economic indicators and the San Diego sales figures at the same time. They just don’t make sense. It’s nuts.

Sales are up over last year 4 months in a row. Orange County is seeing the same thing. There’s no denying there’s life in this housing market.

The timing of this whole mess is fascinating and very complex.

Maybe the Spring bounce sdr is expecting is happening now and the macro situation will take hold on the San Diego housing market before Spring. Maybe it won’t take hold until Fall. Who knows.

I’m just glad I’m not needing to buy for 5 years so I don’t really have to worry about the near-term timing. We decided to do my add-on in Clairemont and are under construction now. I’ll just do it on the cheap and sit tight.

Great thread.

[sdduuuude]

[quote=Mark Holmes]…but anyone ignoring the macro-economic trends is just burying their head in the sand.[/quote]

I know, I know. My head spins every time I look at the economic indicators and the San Diego sales figures at the same time. They just don’t make sense. It’s nuts.

Sales are up over last year 4 months in a row. Orange County is seeing the same thing. There’s no denying there’s life in this housing market.

The timing of this whole mess is fascinating and very complex.

Maybe the Spring bounce sdr is expecting is happening now and the macro situation will take hold on the San Diego housing market before Spring. Maybe it won’t take hold until Fall. Who knows.

I’m just glad I’m not needing to buy for 5 years so I don’t really have to worry about the near-term timing. We decided to do my add-on in Clairemont and are under construction now. I’ll just do it on the cheap and sit tight.

Great thread.

[sdduuuude]

[quote=Mark Holmes]…but anyone ignoring the macro-economic trends is just burying their head in the sand.[/quote]

I know, I know. My head spins every time I look at the economic indicators and the San Diego sales figures at the same time. They just don’t make sense. It’s nuts.

Sales are up over last year 4 months in a row. Orange County is seeing the same thing. There’s no denying there’s life in this housing market.

The timing of this whole mess is fascinating and very complex.

Maybe the Spring bounce sdr is expecting is happening now and the macro situation will take hold on the San Diego housing market before Spring. Maybe it won’t take hold until Fall. Who knows.

I’m just glad I’m not needing to buy for 5 years so I don’t really have to worry about the near-term timing. We decided to do my add-on in Clairemont and are under construction now. I’ll just do it on the cheap and sit tight.

Great thread.

[sdduuuude]

[quote=Mark Holmes]…but anyone ignoring the macro-economic trends is just burying their head in the sand.[/quote]

I know, I know. My head spins every time I look at the economic indicators and the San Diego sales figures at the same time. They just don’t make sense. It’s nuts.

Sales are up over last year 4 months in a row. Orange County is seeing the same thing. There’s no denying there’s life in this housing market.

The timing of this whole mess is fascinating and very complex.

Maybe the Spring bounce sdr is expecting is happening now and the macro situation will take hold on the San Diego housing market before Spring. Maybe it won’t take hold until Fall. Who knows.

I’m just glad I’m not needing to buy for 5 years so I don’t really have to worry about the near-term timing. We decided to do my add-on in Clairemont and are under construction now. I’ll just do it on the cheap and sit tight.

Great thread.

[Ren]

Keep in mind that sales activity can be very high and not affect the direction of prices. Look at this past year in Temecula, including spring. Big increase in sales. Prices, however, continued to tank the entire time (real world, not median, although that dropped as well).

[Ren]

Keep in mind that sales activity can be very high and not affect the direction of prices. Look at this past year in Temecula, including spring. Big increase in sales. Prices, however, continued to tank the entire time (real world, not median, although that dropped as well).

[Ren]

Keep in mind that sales activity can be very high and not affect the direction of prices. Look at this past year in Temecula, including spring. Big increase in sales. Prices, however, continued to tank the entire time (real world, not median, although that dropped as well).

[Ren]

Keep in mind that sales activity can be very high and not affect the direction of prices. Look at this past year in Temecula, including spring. Big increase in sales. Prices, however, continued to tank the entire time (real world, not median, although that dropped as well).

[Ren]

Keep in mind that sales activity can be very high and not affect the direction of prices. Look at this past year in Temecula, including spring. Big increase in sales. Prices, however, continued to tank the entire time (real world, not median, although that dropped as well).

[cr]

[quote=sdrealtor]I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)[/quote]

If I’m not mistaken econprof was saying this will NOT play out like all the textbooks and economists “of whom like to masturbate looking at economic models”.

My belief is most of the activity is people down-sizing. Possibly claiming rental income and then foreclosing, short selling while buying, or whatever they can do to get out of something they are upside down on, and into something affordable. That’s only going to go so far.

[cr]

[quote=sdrealtor]I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)[/quote]

If I’m not mistaken econprof was saying this will NOT play out like all the textbooks and economists “of whom like to masturbate looking at economic models”.

My belief is most of the activity is people down-sizing. Possibly claiming rental income and then foreclosing, short selling while buying, or whatever they can do to get out of something they are upside down on, and into something affordable. That’s only going to go so far.

[cr]

[quote=sdrealtor]I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)[/quote]

If I’m not mistaken econprof was saying this will NOT play out like all the textbooks and economists “of whom like to masturbate looking at economic models”.

My belief is most of the activity is people down-sizing. Possibly claiming rental income and then foreclosing, short selling while buying, or whatever they can do to get out of something they are upside down on, and into something affordable. That’s only going to go so far.

[cr]

[quote=sdrealtor]I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)[/quote]

If I’m not mistaken econprof was saying this will NOT play out like all the textbooks and economists “of whom like to masturbate looking at economic models”.

My belief is most of the activity is people down-sizing. Possibly claiming rental income and then foreclosing, short selling while buying, or whatever they can do to get out of something they are upside down on, and into something affordable. That’s only going to go so far.

[Author]

Posts