There seems to be an increase in foreclosure listings inTemecula

[Rt.66]

Dead cat bounce. Look at charts from GD1, same thing happened then. Hence the term, “the smart money got wiped out on the second leg down”.

Anyway, the stock market and the NAR reporting an uptick during the spring selling season is nothing to help TV.

So 220 foreclosures in just a few streets and rising rapidly is no big deal huh? Do you consider the Titanic a minor boating incident? Hindenburg just a little skirmish with gravity?

220 of your neighbors seem to disagree with your rosey outlook. Even more when you add in shadow inventory.

[Rt.66]

Let’s have an unscientific poll!

What would you consider appropriate REO levels for just the few streets in Eclipxe’s map.

How many REOs would show up on JUST the tiny area on Eclipxe’s map in a given month during:

Normal, healthy RE market: #??

The last RE down-cycle: #??

Absolute disaster: #???

Complete GD2 RE meltdown: #???

(Actual April 2009 numbers: 220 (plus 20 lots))
—————————–

I’ll go first!
—-
Normal, healthy RE market: 2

The last RE down-cycle: 25

Absolute disaster: 50

Complete GD2 RE meltdown: 100

(Actual April 2009 numbers: 220 (plus 20 lots))

[Rt.66]

Let’s have an unscientific poll!

What would you consider appropriate REO levels for just the few streets in Eclipxe’s map.

How many REOs would show up on JUST the tiny area on Eclipxe’s map in a given month during:

Normal, healthy RE market: #??

The last RE down-cycle: #??

Absolute disaster: #???

Complete GD2 RE meltdown: #???

(Actual April 2009 numbers: 220 (plus 20 lots))
—————————–

I’ll go first!
—-
Normal, healthy RE market: 2

The last RE down-cycle: 25

Absolute disaster: 50

Complete GD2 RE meltdown: 100

(Actual April 2009 numbers: 220 (plus 20 lots))

[Rt.66]

Let’s have an unscientific poll!

What would you consider appropriate REO levels for just the few streets in Eclipxe’s map.

How many REOs would show up on JUST the tiny area on Eclipxe’s map in a given month during:

Normal, healthy RE market: #??

The last RE down-cycle: #??

Absolute disaster: #???

Complete GD2 RE meltdown: #???

(Actual April 2009 numbers: 220 (plus 20 lots))
—————————–

I’ll go first!
—-
Normal, healthy RE market: 2

The last RE down-cycle: 25

Absolute disaster: 50

Complete GD2 RE meltdown: 100

(Actual April 2009 numbers: 220 (plus 20 lots))

[Rt.66]

Let’s have an unscientific poll!

What would you consider appropriate REO levels for just the few streets in Eclipxe’s map.

How many REOs would show up on JUST the tiny area on Eclipxe’s map in a given month during:

Normal, healthy RE market: #??

The last RE down-cycle: #??

Absolute disaster: #???

Complete GD2 RE meltdown: #???

(Actual April 2009 numbers: 220 (plus 20 lots))
—————————–

I’ll go first!
—-
Normal, healthy RE market: 2

The last RE down-cycle: 25

Absolute disaster: 50

Complete GD2 RE meltdown: 100

(Actual April 2009 numbers: 220 (plus 20 lots))

[Rt.66]

Let’s have an unscientific poll!

What would you consider appropriate REO levels for just the few streets in Eclipxe’s map.

How many REOs would show up on JUST the tiny area on Eclipxe’s map in a given month during:

Normal, healthy RE market: #??

The last RE down-cycle: #??

Absolute disaster: #???

Complete GD2 RE meltdown: #???

(Actual April 2009 numbers: 220 (plus 20 lots))
—————————–

I’ll go first!
—-
Normal, healthy RE market: 2

The last RE down-cycle: 25

Absolute disaster: 50

Complete GD2 RE meltdown: 100

(Actual April 2009 numbers: 220 (plus 20 lots))

[Bob]

[quote=eclipxe] In normal times Temecula is always a “deal” because of the location factor.[/quote]

The key point here is that we aren’t in “normal” times. And as I’ve stated over and over, the bottom has yet to hit in northern San Diego County. Temecula has always been a bedroom community for San Diego commuters – and TV prices won’t rebound until the bottom first hits in San Diego County.

As for the “deals”, I was referring not only to Temecula, but the entire country. Other markets, including Las Vegas and Phoenix, are seeing the same flurry of sales activity the past few months, and it has everything to do with low interest rates and lowball list prices.

[Bob]

[quote=eclipxe] In normal times Temecula is always a “deal” because of the location factor.[/quote]

The key point here is that we aren’t in “normal” times. And as I’ve stated over and over, the bottom has yet to hit in northern San Diego County. Temecula has always been a bedroom community for San Diego commuters – and TV prices won’t rebound until the bottom first hits in San Diego County.

As for the “deals”, I was referring not only to Temecula, but the entire country. Other markets, including Las Vegas and Phoenix, are seeing the same flurry of sales activity the past few months, and it has everything to do with low interest rates and lowball list prices.

[Bob]

[quote=eclipxe] In normal times Temecula is always a “deal” because of the location factor.[/quote]

The key point here is that we aren’t in “normal” times. And as I’ve stated over and over, the bottom has yet to hit in northern San Diego County. Temecula has always been a bedroom community for San Diego commuters – and TV prices won’t rebound until the bottom first hits in San Diego County.

As for the “deals”, I was referring not only to Temecula, but the entire country. Other markets, including Las Vegas and Phoenix, are seeing the same flurry of sales activity the past few months, and it has everything to do with low interest rates and lowball list prices.

[Bob]

[quote=eclipxe] In normal times Temecula is always a “deal” because of the location factor.[/quote]

The key point here is that we aren’t in “normal” times. And as I’ve stated over and over, the bottom has yet to hit in northern San Diego County. Temecula has always been a bedroom community for San Diego commuters – and TV prices won’t rebound until the bottom first hits in San Diego County.

As for the “deals”, I was referring not only to Temecula, but the entire country. Other markets, including Las Vegas and Phoenix, are seeing the same flurry of sales activity the past few months, and it has everything to do with low interest rates and lowball list prices.

[Bob]

[quote=eclipxe] In normal times Temecula is always a “deal” because of the location factor.[/quote]

The key point here is that we aren’t in “normal” times. And as I’ve stated over and over, the bottom has yet to hit in northern San Diego County. Temecula has always been a bedroom community for San Diego commuters – and TV prices won’t rebound until the bottom first hits in San Diego County.

As for the “deals”, I was referring not only to Temecula, but the entire country. Other markets, including Las Vegas and Phoenix, are seeing the same flurry of sales activity the past few months, and it has everything to do with low interest rates and lowball list prices.

[eclipxe]

Yes, we saw a meltdown of GD proportions if not worst. The map is the aftermath. It is the carnage in the streets and us knife catchers are picking up the remains. The bomb went off, everything’s on sale, get them while they’re still selection. You have 5+ years.

If you don’t feel like jumping in, then by all means don’t. Personally I found a home that I love in an area that I love for a price that was cheaper to rent. I am fully aware of the potential for downside losses but I also am fully aware of the amount of government intervention to keep prices at a certain level. Based on that I feel there is not much more room to drop out here. As well as based on tried and true fundamentals.

Carnage? yes. Cleanup and recovery? Slow but sure.

[eclipxe]

Yes, we saw a meltdown of GD proportions if not worst. The map is the aftermath. It is the carnage in the streets and us knife catchers are picking up the remains. The bomb went off, everything’s on sale, get them while they’re still selection. You have 5+ years.

If you don’t feel like jumping in, then by all means don’t. Personally I found a home that I love in an area that I love for a price that was cheaper to rent. I am fully aware of the potential for downside losses but I also am fully aware of the amount of government intervention to keep prices at a certain level. Based on that I feel there is not much more room to drop out here. As well as based on tried and true fundamentals.

Carnage? yes. Cleanup and recovery? Slow but sure.

[eclipxe]

Yes, we saw a meltdown of GD proportions if not worst. The map is the aftermath. It is the carnage in the streets and us knife catchers are picking up the remains. The bomb went off, everything’s on sale, get them while they’re still selection. You have 5+ years.

If you don’t feel like jumping in, then by all means don’t. Personally I found a home that I love in an area that I love for a price that was cheaper to rent. I am fully aware of the potential for downside losses but I also am fully aware of the amount of government intervention to keep prices at a certain level. Based on that I feel there is not much more room to drop out here. As well as based on tried and true fundamentals.

Carnage? yes. Cleanup and recovery? Slow but sure.

[eclipxe]

Yes, we saw a meltdown of GD proportions if not worst. The map is the aftermath. It is the carnage in the streets and us knife catchers are picking up the remains. The bomb went off, everything’s on sale, get them while they’re still selection. You have 5+ years.

If you don’t feel like jumping in, then by all means don’t. Personally I found a home that I love in an area that I love for a price that was cheaper to rent. I am fully aware of the potential for downside losses but I also am fully aware of the amount of government intervention to keep prices at a certain level. Based on that I feel there is not much more room to drop out here. As well as based on tried and true fundamentals.

Carnage? yes. Cleanup and recovery? Slow but sure.

[Author]

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