Spring Housing Prediction

[DWCAP]

[quote=sdrealtor]The fall in November sales is likely due to the fall in the number of RE’s getting listed. REO’s at the low end have been driving the volume numbers as investors go bargain hunting, With the cut in REO’s hitting the market a concurrent drop in sales of these low end investor specials would be expected. These are not the homes I was referencing in my original post.[/quote]

This will also lead to numberous calls of “Its the bottom” as the Vanilla median will move back up as fewer and fewer low end foreclosure are recorded. Itll be 2007 all over again, low end sales will slow, high end sales wont (relativly) and the median will hold stong on a change in composition rather than health of the market.
This ofcourse assumes we stick on the course we are currently on with Gov bailouts, buy downs and job creation deficit spending.

[sdduuuude]

I was with you a bit for a while there sdr, but those Nov. numbers are quite bad. Looking at Rich’s graph in the latest rodeo, the last two years Nov and Dec were about on par with Oct. To see Nov drop like that makes me wonder if your initial premise (that sales are strong) isn’t falling out from under you. If Dec is in line or worse than Nov, I think we are through with this little sales bounce.

Of course, aggregate info and market-by-market info can vary wildly and I know you hang out in NoCo.

[sdduuuude]

I was with you a bit for a while there sdr, but those Nov. numbers are quite bad. Looking at Rich’s graph in the latest rodeo, the last two years Nov and Dec were about on par with Oct. To see Nov drop like that makes me wonder if your initial premise (that sales are strong) isn’t falling out from under you. If Dec is in line or worse than Nov, I think we are through with this little sales bounce.

Of course, aggregate info and market-by-market info can vary wildly and I know you hang out in NoCo.

[sdduuuude]

I was with you a bit for a while there sdr, but those Nov. numbers are quite bad. Looking at Rich’s graph in the latest rodeo, the last two years Nov and Dec were about on par with Oct. To see Nov drop like that makes me wonder if your initial premise (that sales are strong) isn’t falling out from under you. If Dec is in line or worse than Nov, I think we are through with this little sales bounce.

Of course, aggregate info and market-by-market info can vary wildly and I know you hang out in NoCo.

[sdduuuude]

I was with you a bit for a while there sdr, but those Nov. numbers are quite bad. Looking at Rich’s graph in the latest rodeo, the last two years Nov and Dec were about on par with Oct. To see Nov drop like that makes me wonder if your initial premise (that sales are strong) isn’t falling out from under you. If Dec is in line or worse than Nov, I think we are through with this little sales bounce.

Of course, aggregate info and market-by-market info can vary wildly and I know you hang out in NoCo.

[sdduuuude]

I was with you a bit for a while there sdr, but those Nov. numbers are quite bad. Looking at Rich’s graph in the latest rodeo, the last two years Nov and Dec were about on par with Oct. To see Nov drop like that makes me wonder if your initial premise (that sales are strong) isn’t falling out from under you. If Dec is in line or worse than Nov, I think we are through with this little sales bounce.

Of course, aggregate info and market-by-market info can vary wildly and I know you hang out in NoCo.

[sdrealtor]

Pepsi
Just checked and only 1 fit the criteria. theo thers were too small, too old and/or backed to busy streets. Theonly one is the last one Corte AL Fresco an REO listed today for $795K which should sell very quickly with multiple offers above $800K unless teh listing agent slips one of thier own buyers in at a deal price.

[sdrealtor]

Pepsi
Just checked and only 1 fit the criteria. theo thers were too small, too old and/or backed to busy streets. Theonly one is the last one Corte AL Fresco an REO listed today for $795K which should sell very quickly with multiple offers above $800K unless teh listing agent slips one of thier own buyers in at a deal price.

[sdrealtor]

Pepsi
Just checked and only 1 fit the criteria. theo thers were too small, too old and/or backed to busy streets. Theonly one is the last one Corte AL Fresco an REO listed today for $795K which should sell very quickly with multiple offers above $800K unless teh listing agent slips one of thier own buyers in at a deal price.

[sdrealtor]

Pepsi
Just checked and only 1 fit the criteria. theo thers were too small, too old and/or backed to busy streets. Theonly one is the last one Corte AL Fresco an REO listed today for $795K which should sell very quickly with multiple offers above $800K unless teh listing agent slips one of thier own buyers in at a deal price.

[sdrealtor]

Pepsi
Just checked and only 1 fit the criteria. theo thers were too small, too old and/or backed to busy streets. Theonly one is the last one Corte AL Fresco an REO listed today for $795K which should sell very quickly with multiple offers above $800K unless teh listing agent slips one of thier own buyers in at a deal price.

[sdduuuude]

This cartoon reminded me of this thread. So, here it is:

http://www.calculatedriskblog.com/2008/12/cartoon-some-things-never-change.html

[sdduuuude]

This cartoon reminded me of this thread. So, here it is:

http://www.calculatedriskblog.com/2008/12/cartoon-some-things-never-change.html

[sdduuuude]

This cartoon reminded me of this thread. So, here it is:

http://www.calculatedriskblog.com/2008/12/cartoon-some-things-never-change.html

[sdduuuude]

This cartoon reminded me of this thread. So, here it is:

http://www.calculatedriskblog.com/2008/12/cartoon-some-things-never-change.html

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