Spring Housing Prediction

[capeman]

SD-Your experience and argument make a lot of sense for demand and pricing to put upward pressure on the market. The chances of that outweighing what is going to be the biggest downward economic pressure in 80 years is likely to make any rally short-lived if even noticed. There are monstrous layoffs due in all sectors in the next 6-9 months and Qualcomm could be leading the charge locally very quickly.

Is there anyway to track your observational data over time? It’s qualitative from just one person but over time I think it will help us get a better picture on the local markets. Buying interest is not something that anyone other than those like yourself in the business can really track.

[sdrealtor]

capeman
Just watch the volume.

[sdrealtor]

capeman
Just watch the volume.

[sdrealtor]

capeman
Just watch the volume.

[sdrealtor]

capeman
Just watch the volume.

[sdrealtor]

capeman
Just watch the volume.

[sdrealtor]

yes zk, its going to be a good Spring for agents that have the listings. For many previously frustrated buyers it will be good also as they will be able to buy homes they actually like at prices they can afford. I dont think prices will be falling this Spring in the sub 600 markets. Between 600 and 800 I think they will be pretty stable also. Prices wont so much creep in some markets but rather in some price ranges.

[sdrealtor]

yes zk, its going to be a good Spring for agents that have the listings. For many previously frustrated buyers it will be good also as they will be able to buy homes they actually like at prices they can afford. I dont think prices will be falling this Spring in the sub 600 markets. Between 600 and 800 I think they will be pretty stable also. Prices wont so much creep in some markets but rather in some price ranges.

[sdrealtor]

yes zk, its going to be a good Spring for agents that have the listings. For many previously frustrated buyers it will be good also as they will be able to buy homes they actually like at prices they can afford. I dont think prices will be falling this Spring in the sub 600 markets. Between 600 and 800 I think they will be pretty stable also. Prices wont so much creep in some markets but rather in some price ranges.

[sdrealtor]

yes zk, its going to be a good Spring for agents that have the listings. For many previously frustrated buyers it will be good also as they will be able to buy homes they actually like at prices they can afford. I dont think prices will be falling this Spring in the sub 600 markets. Between 600 and 800 I think they will be pretty stable also. Prices wont so much creep in some markets but rather in some price ranges.

[sdrealtor]

yes zk, its going to be a good Spring for agents that have the listings. For many previously frustrated buyers it will be good also as they will be able to buy homes they actually like at prices they can afford. I dont think prices will be falling this Spring in the sub 600 markets. Between 600 and 800 I think they will be pretty stable also. Prices wont so much creep in some markets but rather in some price ranges.

[CA renter]

Agree that this spring will probably see pretty brisk sales…but we’ll see slower activity than 2008 (which was very high activity).

Also thinking we’ll see major price drops in the more desirable neighborhoods by Q3 2009, for an average of around 30-45% off peak in 92024 and 92009 (that’s for you sdrealtor!). 😉

I think 2008 saw the dead-cat bounce in sales which resulted in stickier prices in the upper-mid to high end properties.

After an initial period of elation in the first two quarters of 2009, activity will drop like a rock around August of next year due to macroeconomic trends (massive deflation and unemployment hitting 10%+ in California). This will also be the time that all those “re-worked” mortgages run into trouble again, and we finally see the wall of foreclosures that the govt has been trying to artificially hold back.

[CA renter]

Agree that this spring will probably see pretty brisk sales…but we’ll see slower activity than 2008 (which was very high activity).

Also thinking we’ll see major price drops in the more desirable neighborhoods by Q3 2009, for an average of around 30-45% off peak in 92024 and 92009 (that’s for you sdrealtor!). 😉

I think 2008 saw the dead-cat bounce in sales which resulted in stickier prices in the upper-mid to high end properties.

After an initial period of elation in the first two quarters of 2009, activity will drop like a rock around August of next year due to macroeconomic trends (massive deflation and unemployment hitting 10%+ in California). This will also be the time that all those “re-worked” mortgages run into trouble again, and we finally see the wall of foreclosures that the govt has been trying to artificially hold back.

[CA renter]

Agree that this spring will probably see pretty brisk sales…but we’ll see slower activity than 2008 (which was very high activity).

Also thinking we’ll see major price drops in the more desirable neighborhoods by Q3 2009, for an average of around 30-45% off peak in 92024 and 92009 (that’s for you sdrealtor!). 😉

I think 2008 saw the dead-cat bounce in sales which resulted in stickier prices in the upper-mid to high end properties.

After an initial period of elation in the first two quarters of 2009, activity will drop like a rock around August of next year due to macroeconomic trends (massive deflation and unemployment hitting 10%+ in California). This will also be the time that all those “re-worked” mortgages run into trouble again, and we finally see the wall of foreclosures that the govt has been trying to artificially hold back.

[CA renter]

Agree that this spring will probably see pretty brisk sales…but we’ll see slower activity than 2008 (which was very high activity).

Also thinking we’ll see major price drops in the more desirable neighborhoods by Q3 2009, for an average of around 30-45% off peak in 92024 and 92009 (that’s for you sdrealtor!). 😉

I think 2008 saw the dead-cat bounce in sales which resulted in stickier prices in the upper-mid to high end properties.

After an initial period of elation in the first two quarters of 2009, activity will drop like a rock around August of next year due to macroeconomic trends (massive deflation and unemployment hitting 10%+ in California). This will also be the time that all those “re-worked” mortgages run into trouble again, and we finally see the wall of foreclosures that the govt has been trying to artificially hold back.

[Author]

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