[CA renter]

Sales will not fall to zero.

Inventory levels will not rise in perpetuity. Nor will prices or credit expansions, unless incomes do the same.

That being said, inventory levels are still at historical highs.

There are so many variables to the housing market:

SUPPLY:
-distressed vs. non-distressed inventory levels
-building (still going on) vs. obsolete/uninhabitable
homes
-bailouts vs. foreclosures
-on the market vs. pent-up/hidden inventory
(I’m seeing more and more empty houses with no
activity.)
-types of new units vs. tear-downs (multi-family
and SFH)

DEMAND:
-credit expansion vs. credit contraction
-wage growth vs. wage declines
-wealth gains vs. losses
-population growth vs. population decline
(also shift in demographics…new residents rich
or poor? those leaving are rich or poor?)
-family formation/living arrangements
(living arrangements becoming more crowded, or
spreading out?)
-falling dollar vs. strengthening dollar
-age demograhics: is a majority of the population
moving into their buying years, or selling years?

I know there’s still a lot missing from the above, but it’s just too difficult to determine exactly what prices will do in the future.

Personally, I think prices will decline to pre-2001 levels if there is only a mild recession. If the recession gets severe or becomes a depression, all bets are off. We could (possible, not likely) see the credit expansion return to 1982 levels, IMHO.

[CA renter]

North County times?

Good luck! It looks like the better areas are pretty tight, and rents seem to be going up.

Don’t be afraid to negotiate if you have good references, high FICO, etc. Smart LLs will take less $$ for a good tenant, especially if they are long-term.

[CA renter]

North County times?

Good luck! It looks like the better areas are pretty tight, and rents seem to be going up.

Don’t be afraid to negotiate if you have good references, high FICO, etc. Smart LLs will take less $$ for a good tenant, especially if they are long-term.

[CA renter]

North County times?

Good luck! It looks like the better areas are pretty tight, and rents seem to be going up.

Don’t be afraid to negotiate if you have good references, high FICO, etc. Smart LLs will take less $$ for a good tenant, especially if they are long-term.

[CA renter]

North County times?

Good luck! It looks like the better areas are pretty tight, and rents seem to be going up.

Don’t be afraid to negotiate if you have good references, high FICO, etc. Smart LLs will take less $$ for a good tenant, especially if they are long-term.

[CA renter]

North County times?

Good luck! It looks like the better areas are pretty tight, and rents seem to be going up.

Don’t be afraid to negotiate if you have good references, high FICO, etc. Smart LLs will take less $$ for a good tenant, especially if they are long-term.

[CA renter]

jp,

How much are you talking about? Have you considered private financing? The interest rate might be high, but if you’re only looking at 6 months or so, it might be worth it.

[CA renter]

jp,

How much are you talking about? Have you considered private financing? The interest rate might be high, but if you’re only looking at 6 months or so, it might be worth it.

[CA renter]

jp,

How much are you talking about? Have you considered private financing? The interest rate might be high, but if you’re only looking at 6 months or so, it might be worth it.

[CA renter]

jp,

How much are you talking about? Have you considered private financing? The interest rate might be high, but if you’re only looking at 6 months or so, it might be worth it.

[CA renter]

jp,

How much are you talking about? Have you considered private financing? The interest rate might be high, but if you’re only looking at 6 months or so, it might be worth it.

[CA renter]

FWIW, **ALL** of the homes in our area (So. CBD) have sold within the past few weeks. Some looked like cash deals because the escrows were so short.

We do see this pattern (spring bounce, of some sort) every year, but this year was indeed reminiscient of 2004/2005 with all the activity — though it did take longer to sell than in ’04/’05.

We even wanted to try a lowball in Escondido on an REO, but they had at least one full-price offer on it. (Too bad, because we really liked the house.)

Definitely a “hot” spring in the RE market from what I’ve seen. Everybody’s getting excited about the drops (including me!), but if you look at the historical prices of these homes, you’ll see they’re still too high…IMHO. 🙂

P.S.: I also enjoyed your longer post, SD R!

[CA renter]

FWIW, **ALL** of the homes in our area (So. CBD) have sold within the past few weeks. Some looked like cash deals because the escrows were so short.

We do see this pattern (spring bounce, of some sort) every year, but this year was indeed reminiscient of 2004/2005 with all the activity — though it did take longer to sell than in ’04/’05.

We even wanted to try a lowball in Escondido on an REO, but they had at least one full-price offer on it. (Too bad, because we really liked the house.)

Definitely a “hot” spring in the RE market from what I’ve seen. Everybody’s getting excited about the drops (including me!), but if you look at the historical prices of these homes, you’ll see they’re still too high…IMHO. 🙂

P.S.: I also enjoyed your longer post, SD R!

[CA renter]

FWIW, **ALL** of the homes in our area (So. CBD) have sold within the past few weeks. Some looked like cash deals because the escrows were so short.

We do see this pattern (spring bounce, of some sort) every year, but this year was indeed reminiscient of 2004/2005 with all the activity — though it did take longer to sell than in ’04/’05.

We even wanted to try a lowball in Escondido on an REO, but they had at least one full-price offer on it. (Too bad, because we really liked the house.)

Definitely a “hot” spring in the RE market from what I’ve seen. Everybody’s getting excited about the drops (including me!), but if you look at the historical prices of these homes, you’ll see they’re still too high…IMHO. 🙂

P.S.: I also enjoyed your longer post, SD R!

[CA renter]

FWIW, **ALL** of the homes in our area (So. CBD) have sold within the past few weeks. Some looked like cash deals because the escrows were so short.

We do see this pattern (spring bounce, of some sort) every year, but this year was indeed reminiscient of 2004/2005 with all the activity — though it did take longer to sell than in ’04/’05.

We even wanted to try a lowball in Escondido on an REO, but they had at least one full-price offer on it. (Too bad, because we really liked the house.)

Definitely a “hot” spring in the RE market from what I’ve seen. Everybody’s getting excited about the drops (including me!), but if you look at the historical prices of these homes, you’ll see they’re still too high…IMHO. 🙂

P.S.: I also enjoyed your longer post, SD R!

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