Spring Housing Prediction

[sdrealtor]

Yes I am recovering from a separated shoulder;)

[h82rent]

PatientRenter – no doubt… I was just explaining this to someone this week. There isn’t a housing “market” anymore.

sdr – kudos… you really did nail this one.

[h82rent]

PatientRenter – no doubt… I was just explaining this to someone this week. There isn’t a housing “market” anymore.

sdr – kudos… you really did nail this one.

[h82rent]

PatientRenter – no doubt… I was just explaining this to someone this week. There isn’t a housing “market” anymore.

sdr – kudos… you really did nail this one.

[h82rent]

PatientRenter – no doubt… I was just explaining this to someone this week. There isn’t a housing “market” anymore.

sdr – kudos… you really did nail this one.

[h82rent]

PatientRenter – no doubt… I was just explaining this to someone this week. There isn’t a housing “market” anymore.

sdr – kudos… you really did nail this one.

[CA renter]

From the first page of posts:

[quote=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.[/quote]

Any stats on sales and same-house price figures (in 92009 and 92024 for the prices)?

BTW, I never disagreed with you about a good market this year (or last). It’s what coming up in late 2010+ that defines our differences. 😉

[CA renter]

From the first page of posts:

[quote=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.[/quote]

Any stats on sales and same-house price figures (in 92009 and 92024 for the prices)?

BTW, I never disagreed with you about a good market this year (or last). It’s what coming up in late 2010+ that defines our differences. 😉

[CA renter]

From the first page of posts:

[quote=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.[/quote]

Any stats on sales and same-house price figures (in 92009 and 92024 for the prices)?

BTW, I never disagreed with you about a good market this year (or last). It’s what coming up in late 2010+ that defines our differences. 😉

[CA renter]

From the first page of posts:

[quote=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.[/quote]

Any stats on sales and same-house price figures (in 92009 and 92024 for the prices)?

BTW, I never disagreed with you about a good market this year (or last). It’s what coming up in late 2010+ that defines our differences. 😉

[CA renter]

From the first page of posts:

[quote=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.[/quote]

Any stats on sales and same-house price figures (in 92009 and 92024 for the prices)?

BTW, I never disagreed with you about a good market this year (or last). It’s what coming up in late 2010+ that defines our differences. 😉

[sdrealtor]

CAR
In September I’m going to post a 1 yr status on our wager but an early peak shows prices are equal or higher.

I still beleive Fall/Winter is going to get uglier before we see another nice Spring. One of the casualties I see are the professional flippers out there buying on the courthouse steps for a quick profit. The low end ones should be fine but the higher end ones will soon find themselves competing with some nicer REO properties that are coming. Dont know that they will get slaughtered but they aint gonna make the money they were making or thought they would.

[sdrealtor]

CAR
In September I’m going to post a 1 yr status on our wager but an early peak shows prices are equal or higher.

I still beleive Fall/Winter is going to get uglier before we see another nice Spring. One of the casualties I see are the professional flippers out there buying on the courthouse steps for a quick profit. The low end ones should be fine but the higher end ones will soon find themselves competing with some nicer REO properties that are coming. Dont know that they will get slaughtered but they aint gonna make the money they were making or thought they would.

[sdrealtor]

CAR
In September I’m going to post a 1 yr status on our wager but an early peak shows prices are equal or higher.

I still beleive Fall/Winter is going to get uglier before we see another nice Spring. One of the casualties I see are the professional flippers out there buying on the courthouse steps for a quick profit. The low end ones should be fine but the higher end ones will soon find themselves competing with some nicer REO properties that are coming. Dont know that they will get slaughtered but they aint gonna make the money they were making or thought they would.

[sdrealtor]

CAR
In September I’m going to post a 1 yr status on our wager but an early peak shows prices are equal or higher.

I still beleive Fall/Winter is going to get uglier before we see another nice Spring. One of the casualties I see are the professional flippers out there buying on the courthouse steps for a quick profit. The low end ones should be fine but the higher end ones will soon find themselves competing with some nicer REO properties that are coming. Dont know that they will get slaughtered but they aint gonna make the money they were making or thought they would.

[Author]

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