Spring Housing Prediction

[Nor-LA-SD-guy]

Here is another thought , given that there were a fair number of home sales in the last few months be it at a discount or not, would not these homes need paint, carpet etc…
If new first timers, furniture etc… yard work etc..

I am just saying…

One more note,

Someone earned a Commission ,
Someone closed escrow,
Someone did a title search

[fredo4]

[quote=LA_Renter] Up to this point in time we have dealt with a pricing / mortgage issue, we have not dealt with a true fundamental downturn in the economy like we are entering right now. [/quote]

I agree with L.A. renter on this point. Most of our recent RE downturns have simply been because of a slow economy and we haven’t even gotten to that phase in this disaster yet. While it is likely that there will be some people out to get the “bargains” on the market this spring, that will hardly put a dent in the inventory out there. Also, I have to admit that I just skimmed through this thread because of it’s length, but I didn’t see any mention of the resetting alt- a loans that will hit the higher end properties next year. What of that?

[fredo4]

[quote=LA_Renter] Up to this point in time we have dealt with a pricing / mortgage issue, we have not dealt with a true fundamental downturn in the economy like we are entering right now. [/quote]

I agree with L.A. renter on this point. Most of our recent RE downturns have simply been because of a slow economy and we haven’t even gotten to that phase in this disaster yet. While it is likely that there will be some people out to get the “bargains” on the market this spring, that will hardly put a dent in the inventory out there. Also, I have to admit that I just skimmed through this thread because of it’s length, but I didn’t see any mention of the resetting alt- a loans that will hit the higher end properties next year. What of that?

[fredo4]

[quote=LA_Renter] Up to this point in time we have dealt with a pricing / mortgage issue, we have not dealt with a true fundamental downturn in the economy like we are entering right now. [/quote]

I agree with L.A. renter on this point. Most of our recent RE downturns have simply been because of a slow economy and we haven’t even gotten to that phase in this disaster yet. While it is likely that there will be some people out to get the “bargains” on the market this spring, that will hardly put a dent in the inventory out there. Also, I have to admit that I just skimmed through this thread because of it’s length, but I didn’t see any mention of the resetting alt- a loans that will hit the higher end properties next year. What of that?

[fredo4]

[quote=LA_Renter] Up to this point in time we have dealt with a pricing / mortgage issue, we have not dealt with a true fundamental downturn in the economy like we are entering right now. [/quote]

I agree with L.A. renter on this point. Most of our recent RE downturns have simply been because of a slow economy and we haven’t even gotten to that phase in this disaster yet. While it is likely that there will be some people out to get the “bargains” on the market this spring, that will hardly put a dent in the inventory out there. Also, I have to admit that I just skimmed through this thread because of it’s length, but I didn’t see any mention of the resetting alt- a loans that will hit the higher end properties next year. What of that?

[fredo4]

[quote=LA_Renter] Up to this point in time we have dealt with a pricing / mortgage issue, we have not dealt with a true fundamental downturn in the economy like we are entering right now. [/quote]

I agree with L.A. renter on this point. Most of our recent RE downturns have simply been because of a slow economy and we haven’t even gotten to that phase in this disaster yet. While it is likely that there will be some people out to get the “bargains” on the market this spring, that will hardly put a dent in the inventory out there. Also, I have to admit that I just skimmed through this thread because of it’s length, but I didn’t see any mention of the resetting alt- a loans that will hit the higher end properties next year. What of that?

[waitingpatiently]

This question is for sdrealtor or others that have experience in the area…

Have you noticed any of your buyers that are sitting waiting for “premiere” lots in La Costa Valley and La Costa Oaks now looking at Olivenhain? I am just trying to understand the so called demand for those lots, when areas that I would consider more desirable are getting cheaper?

From my own experience, as prices have dropped my taste has gotten more expensive.

[waitingpatiently]

This question is for sdrealtor or others that have experience in the area…

Have you noticed any of your buyers that are sitting waiting for “premiere” lots in La Costa Valley and La Costa Oaks now looking at Olivenhain? I am just trying to understand the so called demand for those lots, when areas that I would consider more desirable are getting cheaper?

From my own experience, as prices have dropped my taste has gotten more expensive.

[waitingpatiently]

This question is for sdrealtor or others that have experience in the area…

Have you noticed any of your buyers that are sitting waiting for “premiere” lots in La Costa Valley and La Costa Oaks now looking at Olivenhain? I am just trying to understand the so called demand for those lots, when areas that I would consider more desirable are getting cheaper?

From my own experience, as prices have dropped my taste has gotten more expensive.

[waitingpatiently]

This question is for sdrealtor or others that have experience in the area…

Have you noticed any of your buyers that are sitting waiting for “premiere” lots in La Costa Valley and La Costa Oaks now looking at Olivenhain? I am just trying to understand the so called demand for those lots, when areas that I would consider more desirable are getting cheaper?

From my own experience, as prices have dropped my taste has gotten more expensive.

[waitingpatiently]

This question is for sdrealtor or others that have experience in the area…

Have you noticed any of your buyers that are sitting waiting for “premiere” lots in La Costa Valley and La Costa Oaks now looking at Olivenhain? I am just trying to understand the so called demand for those lots, when areas that I would consider more desirable are getting cheaper?

From my own experience, as prices have dropped my taste has gotten more expensive.

[sdrealtor]

wp,
There are a few answers to that question. There are buyers that want a premiere property and would take it anywhere be it LCV, LCO or Olivenhain if it was nice enough and priced right.

Regarding LCO, it seems as though premiere lots come up there fairly regularly and I dont know that there are people waiting for them. Based upon the peak prices paid for all the homes there I fully expect plenty of premiere properties to come on the market. I would also expect that if cheap enough a LCO buyer would be fairly apt to go to Olivenhain.

LCV is a completely different animal and most of the premiere lots are still in original owners hands that paid pre-bubble pricing. I know many and the chance sof them selling or having to sell are very minimal. Should your run of the mill LCV 4 or 5 BR 2600+ sq ft home on a 10,000+ sq ft quiet cul de sac lot come on the market there will always be people waiting for that beacue they are more rare and more affordable (thus more in demand). While there are higher end areas, there are lots of folks that want a premiere lot in LCV because of the unique set of attributes it has (location, school, amenities, community feel etc.)

[sdrealtor]

wp,
There are a few answers to that question. There are buyers that want a premiere property and would take it anywhere be it LCV, LCO or Olivenhain if it was nice enough and priced right.

Regarding LCO, it seems as though premiere lots come up there fairly regularly and I dont know that there are people waiting for them. Based upon the peak prices paid for all the homes there I fully expect plenty of premiere properties to come on the market. I would also expect that if cheap enough a LCO buyer would be fairly apt to go to Olivenhain.

LCV is a completely different animal and most of the premiere lots are still in original owners hands that paid pre-bubble pricing. I know many and the chance sof them selling or having to sell are very minimal. Should your run of the mill LCV 4 or 5 BR 2600+ sq ft home on a 10,000+ sq ft quiet cul de sac lot come on the market there will always be people waiting for that beacue they are more rare and more affordable (thus more in demand). While there are higher end areas, there are lots of folks that want a premiere lot in LCV because of the unique set of attributes it has (location, school, amenities, community feel etc.)

[sdrealtor]

wp,
There are a few answers to that question. There are buyers that want a premiere property and would take it anywhere be it LCV, LCO or Olivenhain if it was nice enough and priced right.

Regarding LCO, it seems as though premiere lots come up there fairly regularly and I dont know that there are people waiting for them. Based upon the peak prices paid for all the homes there I fully expect plenty of premiere properties to come on the market. I would also expect that if cheap enough a LCO buyer would be fairly apt to go to Olivenhain.

LCV is a completely different animal and most of the premiere lots are still in original owners hands that paid pre-bubble pricing. I know many and the chance sof them selling or having to sell are very minimal. Should your run of the mill LCV 4 or 5 BR 2600+ sq ft home on a 10,000+ sq ft quiet cul de sac lot come on the market there will always be people waiting for that beacue they are more rare and more affordable (thus more in demand). While there are higher end areas, there are lots of folks that want a premiere lot in LCV because of the unique set of attributes it has (location, school, amenities, community feel etc.)

[sdrealtor]

wp,
There are a few answers to that question. There are buyers that want a premiere property and would take it anywhere be it LCV, LCO or Olivenhain if it was nice enough and priced right.

Regarding LCO, it seems as though premiere lots come up there fairly regularly and I dont know that there are people waiting for them. Based upon the peak prices paid for all the homes there I fully expect plenty of premiere properties to come on the market. I would also expect that if cheap enough a LCO buyer would be fairly apt to go to Olivenhain.

LCV is a completely different animal and most of the premiere lots are still in original owners hands that paid pre-bubble pricing. I know many and the chance sof them selling or having to sell are very minimal. Should your run of the mill LCV 4 or 5 BR 2600+ sq ft home on a 10,000+ sq ft quiet cul de sac lot come on the market there will always be people waiting for that beacue they are more rare and more affordable (thus more in demand). While there are higher end areas, there are lots of folks that want a premiere lot in LCV because of the unique set of attributes it has (location, school, amenities, community feel etc.)

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