The Market this Fall

[scaredyclassic]

“resilient” just sounds wrong from the riverside perspective. That some houses are not falling doesn’t mean the market is resilient. Resilient implies hardiness, individual self-asserted strength. That’s not what I see. Sure prices might stay high. But not because of an independent market.

i mean, look, if you personally were in huge debt, and I said, don’t sweat it, dude, I’ll front you tons of cash, you’ll roll it over, thing’s will work out, here’s some dough, speculate with it, whatever, pay yourself a bonus, we’ll figure this out later, I wouldn’t describe you as a “resilient” economic fellow, personally. that’s about how i feel re: the housing market. doesn’t mean some of th ebets won’t pay off, or that some people in some areas have so much dough and there are mroe fo them than houses so the houses remain high. I’m talking nationally, as a market, “resilient” is a misleading term.

[pemeliza]

I think sdr was using the word “resilient” to refer to his submarket which is north county coastal san diego. I agree the national housing market as a whole has been about as resilient as a twig in a tornado.

[pemeliza]

I think sdr was using the word “resilient” to refer to his submarket which is north county coastal san diego. I agree the national housing market as a whole has been about as resilient as a twig in a tornado.

[pemeliza]

I think sdr was using the word “resilient” to refer to his submarket which is north county coastal san diego. I agree the national housing market as a whole has been about as resilient as a twig in a tornado.

[pemeliza]

I think sdr was using the word “resilient” to refer to his submarket which is north county coastal san diego. I agree the national housing market as a whole has been about as resilient as a twig in a tornado.

[pemeliza]

I think sdr was using the word “resilient” to refer to his submarket which is north county coastal san diego. I agree the national housing market as a whole has been about as resilient as a twig in a tornado.

[sdrealtor]

Yes I was referring to my submarket and more specifically it is for single family detached homes in the portion of the NCC that lies within the San Dieguito school district. And yes it has been surprising resilient whatever the causes and support mechanisms have been is irrlevant because they have been there for other markets that have not shown such resiliency. Cetirus paribus ya know

[sdrealtor]

Yes I was referring to my submarket and more specifically it is for single family detached homes in the portion of the NCC that lies within the San Dieguito school district. And yes it has been surprising resilient whatever the causes and support mechanisms have been is irrlevant because they have been there for other markets that have not shown such resiliency. Cetirus paribus ya know

[sdrealtor]

Yes I was referring to my submarket and more specifically it is for single family detached homes in the portion of the NCC that lies within the San Dieguito school district. And yes it has been surprising resilient whatever the causes and support mechanisms have been is irrlevant because they have been there for other markets that have not shown such resiliency. Cetirus paribus ya know

[sdrealtor]

Yes I was referring to my submarket and more specifically it is for single family detached homes in the portion of the NCC that lies within the San Dieguito school district. And yes it has been surprising resilient whatever the causes and support mechanisms have been is irrlevant because they have been there for other markets that have not shown such resiliency. Cetirus paribus ya know

[sdrealtor]

Yes I was referring to my submarket and more specifically it is for single family detached homes in the portion of the NCC that lies within the San Dieguito school district. And yes it has been surprising resilient whatever the causes and support mechanisms have been is irrlevant because they have been there for other markets that have not shown such resiliency. Cetirus paribus ya know

[pencilneck]

Submarkets aside, its pretty clear that nationally housing is currently softening. The plunge in mortgage applications is one telling indicator. Another is the shift from appreciation to depreciation in the case shiller index (in 18 of 20 markets I believe).

I believe San Diego, as a whole, will soon follow suit. The pause in the housing decline appears to be over. I think this will be visible in the San Diego markets by this Fall, but I’m not absolutely sure about this. I’m more confident in the general trend than exact timing.

Best of luck to all.

[pencilneck]

Submarkets aside, its pretty clear that nationally housing is currently softening. The plunge in mortgage applications is one telling indicator. Another is the shift from appreciation to depreciation in the case shiller index (in 18 of 20 markets I believe).

I believe San Diego, as a whole, will soon follow suit. The pause in the housing decline appears to be over. I think this will be visible in the San Diego markets by this Fall, but I’m not absolutely sure about this. I’m more confident in the general trend than exact timing.

Best of luck to all.

[pencilneck]

Submarkets aside, its pretty clear that nationally housing is currently softening. The plunge in mortgage applications is one telling indicator. Another is the shift from appreciation to depreciation in the case shiller index (in 18 of 20 markets I believe).

I believe San Diego, as a whole, will soon follow suit. The pause in the housing decline appears to be over. I think this will be visible in the San Diego markets by this Fall, but I’m not absolutely sure about this. I’m more confident in the general trend than exact timing.

Best of luck to all.

[pencilneck]

Submarkets aside, its pretty clear that nationally housing is currently softening. The plunge in mortgage applications is one telling indicator. Another is the shift from appreciation to depreciation in the case shiller index (in 18 of 20 markets I believe).

I believe San Diego, as a whole, will soon follow suit. The pause in the housing decline appears to be over. I think this will be visible in the San Diego markets by this Fall, but I’m not absolutely sure about this. I’m more confident in the general trend than exact timing.

Best of luck to all.

[Author]

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