Spring Housing Prediction

[sdnerd]

I’m just going to echo the sentiment that it all depends on unemployment.

The end of the year is coming up, and that’s when many companies make their cuts. And if you take a drive through any of the various tech hubs you’ll see a LOT of vacant office space.

If Qualcomm or some of the other big players start making bigger cuts, it could get ugly.

If unemployment stays somewhat in check into next year, I agree there could be more activity out there.

[Ren]

[quote=CONCHO]My fiancee is a buyer in a retail store and she reports that the management is cutting purchases of almost everything. They are cutting stock to an absolute minimum. Sales are way down over last year.[/quote]

I have an online store, and my revenue was down 63% in October. Luckily I have other sources of income that don’t rely on consumer confidence.

[Ren]

[quote=CONCHO]My fiancee is a buyer in a retail store and she reports that the management is cutting purchases of almost everything. They are cutting stock to an absolute minimum. Sales are way down over last year.[/quote]

I have an online store, and my revenue was down 63% in October. Luckily I have other sources of income that don’t rely on consumer confidence.

[Ren]

[quote=CONCHO]My fiancee is a buyer in a retail store and she reports that the management is cutting purchases of almost everything. They are cutting stock to an absolute minimum. Sales are way down over last year.[/quote]

I have an online store, and my revenue was down 63% in October. Luckily I have other sources of income that don’t rely on consumer confidence.

[Ren]

[quote=CONCHO]My fiancee is a buyer in a retail store and she reports that the management is cutting purchases of almost everything. They are cutting stock to an absolute minimum. Sales are way down over last year.[/quote]

I have an online store, and my revenue was down 63% in October. Luckily I have other sources of income that don’t rely on consumer confidence.

[Ren]

[quote=CONCHO]My fiancee is a buyer in a retail store and she reports that the management is cutting purchases of almost everything. They are cutting stock to an absolute minimum. Sales are way down over last year.[/quote]

I have an online store, and my revenue was down 63% in October. Luckily I have other sources of income that don’t rely on consumer confidence.

[SD Realtor]

Peter the statement is a regional statement and obviously does not qualify for mid and upper tier zip codes. One measure would be to compare them to last year. For instance we can look at 600k homes in Encinitas this year as opposed to last year, etc… see what I am saying?

Of course, yes the majority of sales is in the lower price ranges but I am not so certain that it is not like that most of the time regardless of the market conditions. If your point is that nobody at all is buying over 400k homes then no I don’t agree. If your point is, well is there a DRASTIC reduction of sales in Carmel Valley for 800k homes and up this year as opposed to last year then I would say lets look at the data. i tend to think yes there is a reduction and whether it is drastic is an unknown until we analyze the numbers.

[SD Realtor]

Peter the statement is a regional statement and obviously does not qualify for mid and upper tier zip codes. One measure would be to compare them to last year. For instance we can look at 600k homes in Encinitas this year as opposed to last year, etc… see what I am saying?

Of course, yes the majority of sales is in the lower price ranges but I am not so certain that it is not like that most of the time regardless of the market conditions. If your point is that nobody at all is buying over 400k homes then no I don’t agree. If your point is, well is there a DRASTIC reduction of sales in Carmel Valley for 800k homes and up this year as opposed to last year then I would say lets look at the data. i tend to think yes there is a reduction and whether it is drastic is an unknown until we analyze the numbers.

[SD Realtor]

Peter the statement is a regional statement and obviously does not qualify for mid and upper tier zip codes. One measure would be to compare them to last year. For instance we can look at 600k homes in Encinitas this year as opposed to last year, etc… see what I am saying?

Of course, yes the majority of sales is in the lower price ranges but I am not so certain that it is not like that most of the time regardless of the market conditions. If your point is that nobody at all is buying over 400k homes then no I don’t agree. If your point is, well is there a DRASTIC reduction of sales in Carmel Valley for 800k homes and up this year as opposed to last year then I would say lets look at the data. i tend to think yes there is a reduction and whether it is drastic is an unknown until we analyze the numbers.

[SD Realtor]

Peter the statement is a regional statement and obviously does not qualify for mid and upper tier zip codes. One measure would be to compare them to last year. For instance we can look at 600k homes in Encinitas this year as opposed to last year, etc… see what I am saying?

Of course, yes the majority of sales is in the lower price ranges but I am not so certain that it is not like that most of the time regardless of the market conditions. If your point is that nobody at all is buying over 400k homes then no I don’t agree. If your point is, well is there a DRASTIC reduction of sales in Carmel Valley for 800k homes and up this year as opposed to last year then I would say lets look at the data. i tend to think yes there is a reduction and whether it is drastic is an unknown until we analyze the numbers.

[SD Realtor]

Peter the statement is a regional statement and obviously does not qualify for mid and upper tier zip codes. One measure would be to compare them to last year. For instance we can look at 600k homes in Encinitas this year as opposed to last year, etc… see what I am saying?

Of course, yes the majority of sales is in the lower price ranges but I am not so certain that it is not like that most of the time regardless of the market conditions. If your point is that nobody at all is buying over 400k homes then no I don’t agree. If your point is, well is there a DRASTIC reduction of sales in Carmel Valley for 800k homes and up this year as opposed to last year then I would say lets look at the data. i tend to think yes there is a reduction and whether it is drastic is an unknown until we analyze the numbers.

[Mark Holmes]

LA Renter – I think you’re closer to the mark than anyone.

But who knows?

I do hope prices keep falling until housing is roughly in line with rents again. I certainly don’t want to rent forever.

But I will. I’ll rent until I’m in my grave before I’ll pay $300,000+ for a shack in Normal Heights or North Park.

I don’t have to buy.

But it seems that there are more and more sellers who have to sell, ASAP.

I do hope things in the overall economy start to stabilize in the next couple of years, though. Too many people aare getting hurt in this mess. It never should have been allowed to happen.

[Mark Holmes]

LA Renter – I think you’re closer to the mark than anyone.

But who knows?

I do hope prices keep falling until housing is roughly in line with rents again. I certainly don’t want to rent forever.

But I will. I’ll rent until I’m in my grave before I’ll pay $300,000+ for a shack in Normal Heights or North Park.

I don’t have to buy.

But it seems that there are more and more sellers who have to sell, ASAP.

I do hope things in the overall economy start to stabilize in the next couple of years, though. Too many people aare getting hurt in this mess. It never should have been allowed to happen.

[Mark Holmes]

LA Renter – I think you’re closer to the mark than anyone.

But who knows?

I do hope prices keep falling until housing is roughly in line with rents again. I certainly don’t want to rent forever.

But I will. I’ll rent until I’m in my grave before I’ll pay $300,000+ for a shack in Normal Heights or North Park.

I don’t have to buy.

But it seems that there are more and more sellers who have to sell, ASAP.

I do hope things in the overall economy start to stabilize in the next couple of years, though. Too many people aare getting hurt in this mess. It never should have been allowed to happen.

[Mark Holmes]

LA Renter – I think you’re closer to the mark than anyone.

But who knows?

I do hope prices keep falling until housing is roughly in line with rents again. I certainly don’t want to rent forever.

But I will. I’ll rent until I’m in my grave before I’ll pay $300,000+ for a shack in Normal Heights or North Park.

I don’t have to buy.

But it seems that there are more and more sellers who have to sell, ASAP.

I do hope things in the overall economy start to stabilize in the next couple of years, though. Too many people aare getting hurt in this mess. It never should have been allowed to happen.

[Author]

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