[CAwireman]

FSD,

I have no idea what it means. Does it mean that CD rates will rise?

HiggyBaby

[CAwireman]

FSD,

I have no idea what it means. Does it mean that CD rates will rise?

HiggyBaby

[CAwireman]

(April closed sales for previous years in 92130)

So, compiling the 4 years it looks like:

Apr. 2007: 74
Apr. 2006: 121
Apr. 2005: 122
Apr. 2004: 54

Looks like a bubble in 05/06!

HiggyBaby

[CAwireman]

(April closed sales for previous years in 92130)

So, compiling the 4 years it looks like:

Apr. 2007: 74
Apr. 2006: 121
Apr. 2005: 122
Apr. 2004: 54

Looks like a bubble in 05/06!

HiggyBaby

[CAwireman]

Kev, isn’t this is where JG chimes in with a chart that shows Savings on the Y axis and Age along the X. Or some better way to represent it….

Sincerely yours, HiggyBaby

[CAwireman]

Kev, isn’t this is where JG chimes in with a chart that shows Savings on the Y axis and Age along the X. Or some better way to represent it….

Sincerely yours, HiggyBaby

[CAwireman]

Before you buy, read this very recent post:

http://piggington.com/well_im_pretty_sick_to_my_stomach

I’m in the same boat – wife is tired of waiting and wants
to live in a house.

Good luck which ever way you go.

[CAwireman]

Before you buy, read this very recent post:

http://piggington.com/well_im_pretty_sick_to_my_stomach

I’m in the same boat – wife is tired of waiting and wants
to live in a house.

Good luck which ever way you go.

[CAwireman]

Fat lazy union,

The more of these I can show my wife, the better. Please keep these coming!

Yes, a friend of mine and his wife lived in new-ish detached
Town complex in Mira Mesa close to the 15 and Mira Mesa blvd.

While better in terms of privacy than attached units, they were still pretty cozey.

Sincerely yours, HiggyBaby

[CAwireman]

Fat lazy union,

The more of these I can show my wife, the better. Please keep these coming!

Yes, a friend of mine and his wife lived in new-ish detached
Town complex in Mira Mesa close to the 15 and Mira Mesa blvd.

While better in terms of privacy than attached units, they were still pretty cozey.

Sincerely yours, HiggyBaby

[CAwireman]

sdr,

1) Thanks for focusing on CV. It is near and dear to
our (my wife’s and thus mine) hearts.

2) I completely get what you are saying about using CV
as a canary in a coal mine. I also get that there could be
or is a flight to better nieghborhoods, such as CV. But, I also believe that what goes around comes around. There could be instability in the CV area that has yet to begin visibly unraveling. Tracking this activity could show signs of unraveling. Or, it could should signs of stability. Either way, the numbers should help us to understand how that area is doing.

3) If you have the energy and time, please continue this thread despite any resistance you may receive. Thanks for aking for feedback to incorporate.

4) My feedback is this – in the Short Sale monitor, its cut and dried, last week was x and this week is y. The data presented in this thread contains about 10 elements. I have some comfort with them individually, but I don’t know how to interpret what the differences mean from post to post. So, if you could narrate the numbers so non-RE, non-finance dudes like myself can better understand any trends, that would be great.

Thanks and keep posting!

HiggyBaby

[CAwireman]

sdr,

1) Thanks for focusing on CV. It is near and dear to
our (my wife’s and thus mine) hearts.

2) I completely get what you are saying about using CV
as a canary in a coal mine. I also get that there could be
or is a flight to better nieghborhoods, such as CV. But, I also believe that what goes around comes around. There could be instability in the CV area that has yet to begin visibly unraveling. Tracking this activity could show signs of unraveling. Or, it could should signs of stability. Either way, the numbers should help us to understand how that area is doing.

3) If you have the energy and time, please continue this thread despite any resistance you may receive. Thanks for aking for feedback to incorporate.

4) My feedback is this – in the Short Sale monitor, its cut and dried, last week was x and this week is y. The data presented in this thread contains about 10 elements. I have some comfort with them individually, but I don’t know how to interpret what the differences mean from post to post. So, if you could narrate the numbers so non-RE, non-finance dudes like myself can better understand any trends, that would be great.

Thanks and keep posting!

HiggyBaby

[CAwireman]

But SD Dude, you quoted this:

“It appears the worst of the price correction is behind us,”

But how could you fail to include this little gem:

“said Pat V. Combs, NAR’s president and vice president of Coldwell Banker-AJS-Schmidt in Grand Rapids, Mich.”

Thanks for the post 😉

HiggyBaby

[CAwireman]

sdr,

Thanks once again for keeping us updated.

Please continue if you would kind sir!

HiggyBaby

[CAwireman]

JWM,

Good find. Here are many of the other high points in the
article:

Using historical data compiled by Robert Shiller, he says that home prices would have to drop 45% to get back to their historic normal levels.

Existing-home prices peaked in October 2005 and are down about 4% on a national basis through March 2007. But Shilling says the worst is yet to come, because he estimates that it takes about 18 months from when home prices first start to slide for homeowners to recognize that this is not a fleeting blip. Now the “interval of denial” is about over, and homeowners will start realizing that if they want to sell, they’ll have to cut prices, says Shilling. But actual recorded sales at lower prices will take a few more months to show up in statistics.

Even worse, Shilling says there is no way this problem can be confined to the housing market. He estimated that overbuilding has resulted in at least 2 million “excess” homes — a factor that will depress not only homebuilding but related industries as well in the coming years. Already, housing starts have fallen 33% from their peak of 2.265 million in January 2006, to 1.518 million in March. Shilling predicts an additional 25% decline in housing starts and says there is no way that capital spending by businesses can pick up the slack. Ugh!

Shilling predicts “an American recession to commence later this year, and to extend globally in 2008.” Time will tell.

In the meantime, under the heading of “mortgage news you can use:” Washington Mutual (WM – Cramer’s Take – Stockpickr – Rating) has just announced a new mortgage product that will provide the flexibility of an adjustable rate mortgage with the ability to lock in a fixed rate at any time with no cost the first time you make a change. In fact, you can relock your fixed rate again if rates drop, or return to an adjustable rate — all without a new closing as is typical with refinancing. This process is allowed up to two times per year and costs only $250 after the first free change is made.

HiggyBaby

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