Summertime

[SD Realtor]

Okay so now is when the true 2008 outlook (IMO) will be determined. So far the year has panned out like I thought it would. Now we are coming into the dog days of summer. We should feel the heat in more then just the physical sense. We have a nice little nexus of rising rates and summertime doldrums that should put some pressure on sticky sellers who have refused to budge on pricing. My concern however is that there is a VERY poor selection of inventory out there for discriminating buyers who are looking in more desireable areas. Furthermore it would not surprise me at all to see more NON distressed sellers to pack it in altogether. I feel there is still a huge mixed message out in the press that things will flatten out and we will see recovery in late 09… Like spouse in denial that the other is cheating woodbee homeowners will play out the scene by letting the listing expire and coming back again next year… which btw should play out as 08 did albeit with higher interest rates and a new political leader.

Anyways, the next 2-3 months should be very interesting.

[rbeast]

Hi there SDR – How are June numbers shaping up so far?

May seemed to be a blister, but actual numbers seemed lower than what I expected. Don’t know that’s true?

Keep cool….

[rbeast]

Hi there SDR – How are June numbers shaping up so far?

May seemed to be a blister, but actual numbers seemed lower than what I expected. Don’t know that’s true?

Keep cool….

[rbeast]

Hi there SDR – How are June numbers shaping up so far?

May seemed to be a blister, but actual numbers seemed lower than what I expected. Don’t know that’s true?

Keep cool….

[rbeast]

Hi there SDR – How are June numbers shaping up so far?

May seemed to be a blister, but actual numbers seemed lower than what I expected. Don’t know that’s true?

Keep cool….

[rbeast]

Hi there SDR – How are June numbers shaping up so far?

May seemed to be a blister, but actual numbers seemed lower than what I expected. Don’t know that’s true?

Keep cool….

[Eugene]

Option ARM resets have not reached the level where they start making a dent in high-end prices. For now, the only pressure on desirable areas can come from the widening gap between desirable and not-so-desirable areas. The latter have been experiencing a minor “spring bounce” (actually, more of a spring reduction in the rate of decline). Middle tier has only lost 5% between March and June. Compared to 3% month to month declines we had during the winter, that’s weak.

Starting in August, low and middle tier will probably resume the decline and sooner or later high end will find itself without buyers.

[Eugene]

Option ARM resets have not reached the level where they start making a dent in high-end prices. For now, the only pressure on desirable areas can come from the widening gap between desirable and not-so-desirable areas. The latter have been experiencing a minor “spring bounce” (actually, more of a spring reduction in the rate of decline). Middle tier has only lost 5% between March and June. Compared to 3% month to month declines we had during the winter, that’s weak.

Starting in August, low and middle tier will probably resume the decline and sooner or later high end will find itself without buyers.

[Eugene]

Option ARM resets have not reached the level where they start making a dent in high-end prices. For now, the only pressure on desirable areas can come from the widening gap between desirable and not-so-desirable areas. The latter have been experiencing a minor “spring bounce” (actually, more of a spring reduction in the rate of decline). Middle tier has only lost 5% between March and June. Compared to 3% month to month declines we had during the winter, that’s weak.

Starting in August, low and middle tier will probably resume the decline and sooner or later high end will find itself without buyers.

[Eugene]

Option ARM resets have not reached the level where they start making a dent in high-end prices. For now, the only pressure on desirable areas can come from the widening gap between desirable and not-so-desirable areas. The latter have been experiencing a minor “spring bounce” (actually, more of a spring reduction in the rate of decline). Middle tier has only lost 5% between March and June. Compared to 3% month to month declines we had during the winter, that’s weak.

Starting in August, low and middle tier will probably resume the decline and sooner or later high end will find itself without buyers.

[Eugene]

Option ARM resets have not reached the level where they start making a dent in high-end prices. For now, the only pressure on desirable areas can come from the widening gap between desirable and not-so-desirable areas. The latter have been experiencing a minor “spring bounce” (actually, more of a spring reduction in the rate of decline). Middle tier has only lost 5% between March and June. Compared to 3% month to month declines we had during the winter, that’s weak.

Starting in August, low and middle tier will probably resume the decline and sooner or later high end will find itself without buyers.

[temeculaguy]

SD, I couldn’t agree with you more, this is pivot point but the next thirty days the media will come out with some good numbers because the numbers are always behind a month, this time last year things started to change and R/E threw in the towel about August, it will be interesting to see what happens.

[temeculaguy]

SD, I couldn’t agree with you more, this is pivot point but the next thirty days the media will come out with some good numbers because the numbers are always behind a month, this time last year things started to change and R/E threw in the towel about August, it will be interesting to see what happens.

[temeculaguy]

SD, I couldn’t agree with you more, this is pivot point but the next thirty days the media will come out with some good numbers because the numbers are always behind a month, this time last year things started to change and R/E threw in the towel about August, it will be interesting to see what happens.

[temeculaguy]

SD, I couldn’t agree with you more, this is pivot point but the next thirty days the media will come out with some good numbers because the numbers are always behind a month, this time last year things started to change and R/E threw in the towel about August, it will be interesting to see what happens.

[Author]

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