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April 16, 2009 at 9:28 PM #382919April 17, 2009 at 12:52 AM #382484
partypup
Participant[quote=sdrealtor]Ok, time for someone who actually sees whats going on at the street level to stick his neck out. I’m going to go against the popular wisdom and declare that it is going to be a very good Spring for real estate. Sales will be strong and pricing may even creep up a little in some markets. Based upon what I am seeing, there are lots of buyers out there chasing very limited inventory under $600K. I am getting piles of offers on nice but nothing special homes the first week in this price range. All have at least 20% down and went up from there to all cash. I probably could have had twice as many offers if I didnt chase a few away that were lower than the ones I already had.
Between 600K and 800K I expect a very strong market also. I am seeing lots of folks who sold at the top who are sick of renting wanting back in. They see the market has fallen by at least 50% of what they think is possible and they dont want to wait another 3 to 4 years for the rest of the bloodletting. I see lots of previously priced out buyers wanting back in. Some were priced out by choice (i.e. bubblesitters) and some were truly priced out. Either way, alot of them want back in. From here on out the declines are going to be much slower.
Above 800K and in particular over $1M its still going to be pretty slow.
My advice for the other Realtors on this board is to collect as many listings as you can before February because there is gonna be alot of money to be made this Spring. Happy Hunting![/quote]
SD, I have a question for you: if official unemployment hits 10%, would your analysis remain the same? Or are you basing your prediction on the economy remaining in a holding pattern?
April 17, 2009 at 12:52 AM #382753Participant[quote=sdrealtor]Ok, time for someone who actually sees whats going on at the street level to stick his neck out. I’m going to go against the popular wisdom and declare that it is going to be a very good Spring for real estate. Sales will be strong and pricing may even creep up a little in some markets. Based upon what I am seeing, there are lots of buyers out there chasing very limited inventory under $600K. I am getting piles of offers on nice but nothing special homes the first week in this price range. All have at least 20% down and went up from there to all cash. I probably could have had twice as many offers if I didnt chase a few away that were lower than the ones I already had.
Between 600K and 800K I expect a very strong market also. I am seeing lots of folks who sold at the top who are sick of renting wanting back in. They see the market has fallen by at least 50% of what they think is possible and they dont want to wait another 3 to 4 years for the rest of the bloodletting. I see lots of previously priced out buyers wanting back in. Some were priced out by choice (i.e. bubblesitters) and some were truly priced out. Either way, alot of them want back in. From here on out the declines are going to be much slower.
Above 800K and in particular over $1M its still going to be pretty slow.
My advice for the other Realtors on this board is to collect as many listings as you can before February because there is gonna be alot of money to be made this Spring. Happy Hunting![/quote]
SD, I have a question for you: if official unemployment hits 10%, would your analysis remain the same? Or are you basing your prediction on the economy remaining in a holding pattern?
April 17, 2009 at 12:52 AM #382945Participant[quote=sdrealtor]Ok, time for someone who actually sees whats going on at the street level to stick his neck out. I’m going to go against the popular wisdom and declare that it is going to be a very good Spring for real estate. Sales will be strong and pricing may even creep up a little in some markets. Based upon what I am seeing, there are lots of buyers out there chasing very limited inventory under $600K. I am getting piles of offers on nice but nothing special homes the first week in this price range. All have at least 20% down and went up from there to all cash. I probably could have had twice as many offers if I didnt chase a few away that were lower than the ones I already had.
Between 600K and 800K I expect a very strong market also. I am seeing lots of folks who sold at the top who are sick of renting wanting back in. They see the market has fallen by at least 50% of what they think is possible and they dont want to wait another 3 to 4 years for the rest of the bloodletting. I see lots of previously priced out buyers wanting back in. Some were priced out by choice (i.e. bubblesitters) and some were truly priced out. Either way, alot of them want back in. From here on out the declines are going to be much slower.
Above 800K and in particular over $1M its still going to be pretty slow.
My advice for the other Realtors on this board is to collect as many listings as you can before February because there is gonna be alot of money to be made this Spring. Happy Hunting![/quote]
SD, I have a question for you: if official unemployment hits 10%, would your analysis remain the same? Or are you basing your prediction on the economy remaining in a holding pattern?
April 17, 2009 at 12:52 AM #382992Participant[quote=sdrealtor]Ok, time for someone who actually sees whats going on at the street level to stick his neck out. I’m going to go against the popular wisdom and declare that it is going to be a very good Spring for real estate. Sales will be strong and pricing may even creep up a little in some markets. Based upon what I am seeing, there are lots of buyers out there chasing very limited inventory under $600K. I am getting piles of offers on nice but nothing special homes the first week in this price range. All have at least 20% down and went up from there to all cash. I probably could have had twice as many offers if I didnt chase a few away that were lower than the ones I already had.
Between 600K and 800K I expect a very strong market also. I am seeing lots of folks who sold at the top who are sick of renting wanting back in. They see the market has fallen by at least 50% of what they think is possible and they dont want to wait another 3 to 4 years for the rest of the bloodletting. I see lots of previously priced out buyers wanting back in. Some were priced out by choice (i.e. bubblesitters) and some were truly priced out. Either way, alot of them want back in. From here on out the declines are going to be much slower.
Above 800K and in particular over $1M its still going to be pretty slow.
My advice for the other Realtors on this board is to collect as many listings as you can before February because there is gonna be alot of money to be made this Spring. Happy Hunting![/quote]
SD, I have a question for you: if official unemployment hits 10%, would your analysis remain the same? Or are you basing your prediction on the economy remaining in a holding pattern?
April 17, 2009 at 12:52 AM #383124Participant[quote=sdrealtor]Ok, time for someone who actually sees whats going on at the street level to stick his neck out. I’m going to go against the popular wisdom and declare that it is going to be a very good Spring for real estate. Sales will be strong and pricing may even creep up a little in some markets. Based upon what I am seeing, there are lots of buyers out there chasing very limited inventory under $600K. I am getting piles of offers on nice but nothing special homes the first week in this price range. All have at least 20% down and went up from there to all cash. I probably could have had twice as many offers if I didnt chase a few away that were lower than the ones I already had.
Between 600K and 800K I expect a very strong market also. I am seeing lots of folks who sold at the top who are sick of renting wanting back in. They see the market has fallen by at least 50% of what they think is possible and they dont want to wait another 3 to 4 years for the rest of the bloodletting. I see lots of previously priced out buyers wanting back in. Some were priced out by choice (i.e. bubblesitters) and some were truly priced out. Either way, alot of them want back in. From here on out the declines are going to be much slower.
Above 800K and in particular over $1M its still going to be pretty slow.
My advice for the other Realtors on this board is to collect as many listings as you can before February because there is gonna be alot of money to be made this Spring. Happy Hunting![/quote]
SD, I have a question for you: if official unemployment hits 10%, would your analysis remain the same? Or are you basing your prediction on the economy remaining in a holding pattern?
April 17, 2009 at 5:45 AM #382524Nor-LA-SD-guy
Participant[quote=sdrealtor]Ok, time for someone who actually sees whats going on at the street level to stick his neck out. I’m going to go against the popular wisdom and declare that it is going to be a very good Spring for real estate. Sales will be strong and pricing may even creep up a little in some markets. Based upon what I am seeing, there are lots of buyers out there chasing very limited inventory under $600K. I am getting piles of offers on nice but nothing special homes the first week in this price range. All have at least 20% down and went up from there to all cash. I probably could have had twice as many offers if I didnt chase a few away that were lower than the ones I already had.
Between 600K and 800K I expect a very strong market also. I am seeing lots of folks who sold at the top who are sick of renting wanting back in. They see the market has fallen by at least 50% of what they think is possible and they dont want to wait another 3 to 4 years for the rest of the bloodletting. I see lots of previously priced out buyers wanting back in. Some were priced out by choice (i.e. bubblesitters) and some were truly priced out. Either way, alot of them want back in. From here on out the declines are going to be much slower.
Above 800K and in particular over $1M its still going to be pretty slow.
My advice for the other Realtors on this board is to collect as many listings as you can before February because there is gonna be alot of money to be made this Spring. Happy Hunting![/quote]
Seems like sdrealtor nailed it !!
The only thing these mid to high NOD’s have got me hopeful I will be able to get my 50% off Carlsbad mc-mansion maybe even this December even.
Much passed December and I think the economy will start to get moving fairly well, after that I think all bets are off on getting homes 50% off in coastal SD (just my opinion).
I guess we will see, Happy in T.V. for now !!
April 17, 2009 at 5:45 AM #382793Participant[quote=sdrealtor]Ok, time for someone who actually sees whats going on at the street level to stick his neck out. I’m going to go against the popular wisdom and declare that it is going to be a very good Spring for real estate. Sales will be strong and pricing may even creep up a little in some markets. Based upon what I am seeing, there are lots of buyers out there chasing very limited inventory under $600K. I am getting piles of offers on nice but nothing special homes the first week in this price range. All have at least 20% down and went up from there to all cash. I probably could have had twice as many offers if I didnt chase a few away that were lower than the ones I already had.
Between 600K and 800K I expect a very strong market also. I am seeing lots of folks who sold at the top who are sick of renting wanting back in. They see the market has fallen by at least 50% of what they think is possible and they dont want to wait another 3 to 4 years for the rest of the bloodletting. I see lots of previously priced out buyers wanting back in. Some were priced out by choice (i.e. bubblesitters) and some were truly priced out. Either way, alot of them want back in. From here on out the declines are going to be much slower.
Above 800K and in particular over $1M its still going to be pretty slow.
My advice for the other Realtors on this board is to collect as many listings as you can before February because there is gonna be alot of money to be made this Spring. Happy Hunting![/quote]
Seems like sdrealtor nailed it !!
The only thing these mid to high NOD’s have got me hopeful I will be able to get my 50% off Carlsbad mc-mansion maybe even this December even.
Much passed December and I think the economy will start to get moving fairly well, after that I think all bets are off on getting homes 50% off in coastal SD (just my opinion).
I guess we will see, Happy in T.V. for now !!
April 17, 2009 at 5:45 AM #382985Participant[quote=sdrealtor]Ok, time for someone who actually sees whats going on at the street level to stick his neck out. I’m going to go against the popular wisdom and declare that it is going to be a very good Spring for real estate. Sales will be strong and pricing may even creep up a little in some markets. Based upon what I am seeing, there are lots of buyers out there chasing very limited inventory under $600K. I am getting piles of offers on nice but nothing special homes the first week in this price range. All have at least 20% down and went up from there to all cash. I probably could have had twice as many offers if I didnt chase a few away that were lower than the ones I already had.
Between 600K and 800K I expect a very strong market also. I am seeing lots of folks who sold at the top who are sick of renting wanting back in. They see the market has fallen by at least 50% of what they think is possible and they dont want to wait another 3 to 4 years for the rest of the bloodletting. I see lots of previously priced out buyers wanting back in. Some were priced out by choice (i.e. bubblesitters) and some were truly priced out. Either way, alot of them want back in. From here on out the declines are going to be much slower.
Above 800K and in particular over $1M its still going to be pretty slow.
My advice for the other Realtors on this board is to collect as many listings as you can before February because there is gonna be alot of money to be made this Spring. Happy Hunting![/quote]
Seems like sdrealtor nailed it !!
The only thing these mid to high NOD’s have got me hopeful I will be able to get my 50% off Carlsbad mc-mansion maybe even this December even.
Much passed December and I think the economy will start to get moving fairly well, after that I think all bets are off on getting homes 50% off in coastal SD (just my opinion).
I guess we will see, Happy in T.V. for now !!
April 17, 2009 at 5:45 AM #383032Participant[quote=sdrealtor]Ok, time for someone who actually sees whats going on at the street level to stick his neck out. I’m going to go against the popular wisdom and declare that it is going to be a very good Spring for real estate. Sales will be strong and pricing may even creep up a little in some markets. Based upon what I am seeing, there are lots of buyers out there chasing very limited inventory under $600K. I am getting piles of offers on nice but nothing special homes the first week in this price range. All have at least 20% down and went up from there to all cash. I probably could have had twice as many offers if I didnt chase a few away that were lower than the ones I already had.
Between 600K and 800K I expect a very strong market also. I am seeing lots of folks who sold at the top who are sick of renting wanting back in. They see the market has fallen by at least 50% of what they think is possible and they dont want to wait another 3 to 4 years for the rest of the bloodletting. I see lots of previously priced out buyers wanting back in. Some were priced out by choice (i.e. bubblesitters) and some were truly priced out. Either way, alot of them want back in. From here on out the declines are going to be much slower.
Above 800K and in particular over $1M its still going to be pretty slow.
My advice for the other Realtors on this board is to collect as many listings as you can before February because there is gonna be alot of money to be made this Spring. Happy Hunting![/quote]
Seems like sdrealtor nailed it !!
The only thing these mid to high NOD’s have got me hopeful I will be able to get my 50% off Carlsbad mc-mansion maybe even this December even.
Much passed December and I think the economy will start to get moving fairly well, after that I think all bets are off on getting homes 50% off in coastal SD (just my opinion).
I guess we will see, Happy in T.V. for now !!
April 17, 2009 at 5:45 AM #383163Participant[quote=sdrealtor]Ok, time for someone who actually sees whats going on at the street level to stick his neck out. I’m going to go against the popular wisdom and declare that it is going to be a very good Spring for real estate. Sales will be strong and pricing may even creep up a little in some markets. Based upon what I am seeing, there are lots of buyers out there chasing very limited inventory under $600K. I am getting piles of offers on nice but nothing special homes the first week in this price range. All have at least 20% down and went up from there to all cash. I probably could have had twice as many offers if I didnt chase a few away that were lower than the ones I already had.
Between 600K and 800K I expect a very strong market also. I am seeing lots of folks who sold at the top who are sick of renting wanting back in. They see the market has fallen by at least 50% of what they think is possible and they dont want to wait another 3 to 4 years for the rest of the bloodletting. I see lots of previously priced out buyers wanting back in. Some were priced out by choice (i.e. bubblesitters) and some were truly priced out. Either way, alot of them want back in. From here on out the declines are going to be much slower.
Above 800K and in particular over $1M its still going to be pretty slow.
My advice for the other Realtors on this board is to collect as many listings as you can before February because there is gonna be alot of money to be made this Spring. Happy Hunting![/quote]
Seems like sdrealtor nailed it !!
The only thing these mid to high NOD’s have got me hopeful I will be able to get my 50% off Carlsbad mc-mansion maybe even this December even.
Much passed December and I think the economy will start to get moving fairly well, after that I think all bets are off on getting homes 50% off in coastal SD (just my opinion).
I guess we will see, Happy in T.V. for now !!
April 17, 2009 at 9:35 AM #382782Rt.66
ParticipantThis 50% off thing is funny. Do you people rush into the jewelry store waving your credit card every time you see the 50% off sign?
50% off gets us to what 2001-2002? 2002 was a good economy, houses had been going up for years, it was in no way a bottom from which the bubble started. 2002 was the last year of regular, almost sane price increases in RE, then the bubble took over and people gladly paid twice what a house sold for in 2001-2002.
So is 50% a good deal? Is the shape of the economy as rosy as it was in 2002?
Just as everyone now knows that the jewelry store’s regular price is actually the 50% off price, 2001-2002 pricing will be seen as the real price, and the point at which real discounts begin.
Look at Japan; people over there hung on year after year thinking the market would come back and now hundreds of thousands have paid 20 years on a house STILL worth 1/2 what they paid. And things are not finally getting better over there; rather they are sinking back into a financial black hole.
The market needs knife catchers and it will find them. The Gov. is orchestrating your finger amputation perfectly with new housing programs every 3 months, relaxed mark-to-market, TARP funding, etc. The banks in turn hide the inventory, stall foreclosures and create a frenzied bidding environment on any house they put on the market in the magical (mythical) 50% off range.
Jobs disappear, stores close, 401ks become 201ks, pensions evaporate in BK courts and yet prices that doubled in the biggest bubble in history, then coming back down to where they started, are considered 50% off deals????
A realtor skilled in digit re-attachment could probably make a killing offering a 2-for-1 service.
April 17, 2009 at 9:35 AM #383051ParticipantThis 50% off thing is funny. Do you people rush into the jewelry store waving your credit card every time you see the 50% off sign?
50% off gets us to what 2001-2002? 2002 was a good economy, houses had been going up for years, it was in no way a bottom from which the bubble started. 2002 was the last year of regular, almost sane price increases in RE, then the bubble took over and people gladly paid twice what a house sold for in 2001-2002.
So is 50% a good deal? Is the shape of the economy as rosy as it was in 2002?
Just as everyone now knows that the jewelry store’s regular price is actually the 50% off price, 2001-2002 pricing will be seen as the real price, and the point at which real discounts begin.
Look at Japan; people over there hung on year after year thinking the market would come back and now hundreds of thousands have paid 20 years on a house STILL worth 1/2 what they paid. And things are not finally getting better over there; rather they are sinking back into a financial black hole.
The market needs knife catchers and it will find them. The Gov. is orchestrating your finger amputation perfectly with new housing programs every 3 months, relaxed mark-to-market, TARP funding, etc. The banks in turn hide the inventory, stall foreclosures and create a frenzied bidding environment on any house they put on the market in the magical (mythical) 50% off range.
Jobs disappear, stores close, 401ks become 201ks, pensions evaporate in BK courts and yet prices that doubled in the biggest bubble in history, then coming back down to where they started, are considered 50% off deals????
A realtor skilled in digit re-attachment could probably make a killing offering a 2-for-1 service.
April 17, 2009 at 9:35 AM #383242ParticipantThis 50% off thing is funny. Do you people rush into the jewelry store waving your credit card every time you see the 50% off sign?
50% off gets us to what 2001-2002? 2002 was a good economy, houses had been going up for years, it was in no way a bottom from which the bubble started. 2002 was the last year of regular, almost sane price increases in RE, then the bubble took over and people gladly paid twice what a house sold for in 2001-2002.
So is 50% a good deal? Is the shape of the economy as rosy as it was in 2002?
Just as everyone now knows that the jewelry store’s regular price is actually the 50% off price, 2001-2002 pricing will be seen as the real price, and the point at which real discounts begin.
Look at Japan; people over there hung on year after year thinking the market would come back and now hundreds of thousands have paid 20 years on a house STILL worth 1/2 what they paid. And things are not finally getting better over there; rather they are sinking back into a financial black hole.
The market needs knife catchers and it will find them. The Gov. is orchestrating your finger amputation perfectly with new housing programs every 3 months, relaxed mark-to-market, TARP funding, etc. The banks in turn hide the inventory, stall foreclosures and create a frenzied bidding environment on any house they put on the market in the magical (mythical) 50% off range.
Jobs disappear, stores close, 401ks become 201ks, pensions evaporate in BK courts and yet prices that doubled in the biggest bubble in history, then coming back down to where they started, are considered 50% off deals????
A realtor skilled in digit re-attachment could probably make a killing offering a 2-for-1 service.
April 17, 2009 at 9:35 AM #383290ParticipantThis 50% off thing is funny. Do you people rush into the jewelry store waving your credit card every time you see the 50% off sign?
50% off gets us to what 2001-2002? 2002 was a good economy, houses had been going up for years, it was in no way a bottom from which the bubble started. 2002 was the last year of regular, almost sane price increases in RE, then the bubble took over and people gladly paid twice what a house sold for in 2001-2002.
So is 50% a good deal? Is the shape of the economy as rosy as it was in 2002?
Just as everyone now knows that the jewelry store’s regular price is actually the 50% off price, 2001-2002 pricing will be seen as the real price, and the point at which real discounts begin.
Look at Japan; people over there hung on year after year thinking the market would come back and now hundreds of thousands have paid 20 years on a house STILL worth 1/2 what they paid. And things are not finally getting better over there; rather they are sinking back into a financial black hole.
The market needs knife catchers and it will find them. The Gov. is orchestrating your finger amputation perfectly with new housing programs every 3 months, relaxed mark-to-market, TARP funding, etc. The banks in turn hide the inventory, stall foreclosures and create a frenzied bidding environment on any house they put on the market in the magical (mythical) 50% off range.
Jobs disappear, stores close, 401ks become 201ks, pensions evaporate in BK courts and yet prices that doubled in the biggest bubble in history, then coming back down to where they started, are considered 50% off deals????
A realtor skilled in digit re-attachment could probably make a killing offering a 2-for-1 service.
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