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(former)FormerSanDiegan
ParticipantAfter buying would you have 6 months worth of living expenses (emergency funds) available? If not, do not buy at this point. For buyers in that situation you should at least wait until a turn in the market is underway.
If you do have sufficient cash reserves after buying, then I would neither buy not or wait a year. I would buy in October. (probably 2008 if you “have to”, but maybe 2009 will be better).
ParticipantI don’t think this is the original powayseller of California Housing Forecast. She went by the pseudonym “powayseller”. This person is using the pseudonym “poway_seller”.
Regardless of who posted this information, I don’t see what is so inflammatory about the original post or what all the fuss is about. It could mean that the person is tired of waiting to see prices come down on the coast. It could be making the point that price per square foot is not always a good metric. It could also be a RE bull. Any of these points could have been made by the OP, but they weren’t.
Looks like simply the facts to me.ParticipantI don’t think this is the original powayseller of California Housing Forecast. She went by the pseudonym “powayseller”. This person is using the pseudonym “poway_seller”.
Regardless of who posted this information, I don’t see what is so inflammatory about the original post or what all the fuss is about. It could mean that the person is tired of waiting to see prices come down on the coast. It could be making the point that price per square foot is not always a good metric. It could also be a RE bull. Any of these points could have been made by the OP, but they weren’t.
Looks like simply the facts to me.ParticipantI don’t think this is the original powayseller of California Housing Forecast. She went by the pseudonym “powayseller”. This person is using the pseudonym “poway_seller”.
Regardless of who posted this information, I don’t see what is so inflammatory about the original post or what all the fuss is about. It could mean that the person is tired of waiting to see prices come down on the coast. It could be making the point that price per square foot is not always a good metric. It could also be a RE bull. Any of these points could have been made by the OP, but they weren’t.
Looks like simply the facts to me.ParticipantI don’t think this is the original powayseller of California Housing Forecast. She went by the pseudonym “powayseller”. This person is using the pseudonym “poway_seller”.
Regardless of who posted this information, I don’t see what is so inflammatory about the original post or what all the fuss is about. It could mean that the person is tired of waiting to see prices come down on the coast. It could be making the point that price per square foot is not always a good metric. It could also be a RE bull. Any of these points could have been made by the OP, but they weren’t.
Looks like simply the facts to me.ParticipantI don’t think this is the original powayseller of California Housing Forecast. She went by the pseudonym “powayseller”. This person is using the pseudonym “poway_seller”.
Regardless of who posted this information, I don’t see what is so inflammatory about the original post or what all the fuss is about. It could mean that the person is tired of waiting to see prices come down on the coast. It could be making the point that price per square foot is not always a good metric. It could also be a RE bull. Any of these points could have been made by the OP, but they weren’t.
Looks like simply the facts to me.May 20, 2008 at 11:30 AM in reply to: Its official folks . . . SD RE YOY inventory is now shrinking. #208338ParticipantInventory is flattening on declining sales. A necessary stage to work through to get to a bottom. But not a sign thereof. Potential “want to” sellers are currently on the sidelines because it is pointless to list your home with so few buyers and compete against the REOs and other “must-sell” sellers. Number of sales is still declining year-over-year.
What usually happens next in the market cycle is that sales bottom out, then flatten and eventually start increasing (with seasonal variations obscuring the overall trends). Inventory may initially also increase to match increased demand as want-to sellers come back into the market. We may even see increasing inventory at the bottom of the market. But what matters is how much inventory relative to sales. As sales start to increase faster than inventory, that’s when we start to see a recovery.
May 20, 2008 at 11:30 AM in reply to: Its official folks . . . SD RE YOY inventory is now shrinking. #208395ParticipantInventory is flattening on declining sales. A necessary stage to work through to get to a bottom. But not a sign thereof. Potential “want to” sellers are currently on the sidelines because it is pointless to list your home with so few buyers and compete against the REOs and other “must-sell” sellers. Number of sales is still declining year-over-year.
What usually happens next in the market cycle is that sales bottom out, then flatten and eventually start increasing (with seasonal variations obscuring the overall trends). Inventory may initially also increase to match increased demand as want-to sellers come back into the market. We may even see increasing inventory at the bottom of the market. But what matters is how much inventory relative to sales. As sales start to increase faster than inventory, that’s when we start to see a recovery.
May 20, 2008 at 11:30 AM in reply to: Its official folks . . . SD RE YOY inventory is now shrinking. #208424ParticipantInventory is flattening on declining sales. A necessary stage to work through to get to a bottom. But not a sign thereof. Potential “want to” sellers are currently on the sidelines because it is pointless to list your home with so few buyers and compete against the REOs and other “must-sell” sellers. Number of sales is still declining year-over-year.
What usually happens next in the market cycle is that sales bottom out, then flatten and eventually start increasing (with seasonal variations obscuring the overall trends). Inventory may initially also increase to match increased demand as want-to sellers come back into the market. We may even see increasing inventory at the bottom of the market. But what matters is how much inventory relative to sales. As sales start to increase faster than inventory, that’s when we start to see a recovery.
May 20, 2008 at 11:30 AM in reply to: Its official folks . . . SD RE YOY inventory is now shrinking. #208451ParticipantInventory is flattening on declining sales. A necessary stage to work through to get to a bottom. But not a sign thereof. Potential “want to” sellers are currently on the sidelines because it is pointless to list your home with so few buyers and compete against the REOs and other “must-sell” sellers. Number of sales is still declining year-over-year.
What usually happens next in the market cycle is that sales bottom out, then flatten and eventually start increasing (with seasonal variations obscuring the overall trends). Inventory may initially also increase to match increased demand as want-to sellers come back into the market. We may even see increasing inventory at the bottom of the market. But what matters is how much inventory relative to sales. As sales start to increase faster than inventory, that’s when we start to see a recovery.
May 20, 2008 at 11:30 AM in reply to: Its official folks . . . SD RE YOY inventory is now shrinking. #208479ParticipantInventory is flattening on declining sales. A necessary stage to work through to get to a bottom. But not a sign thereof. Potential “want to” sellers are currently on the sidelines because it is pointless to list your home with so few buyers and compete against the REOs and other “must-sell” sellers. Number of sales is still declining year-over-year.
What usually happens next in the market cycle is that sales bottom out, then flatten and eventually start increasing (with seasonal variations obscuring the overall trends). Inventory may initially also increase to match increased demand as want-to sellers come back into the market. We may even see increasing inventory at the bottom of the market. But what matters is how much inventory relative to sales. As sales start to increase faster than inventory, that’s when we start to see a recovery.
ParticipantNo problem.
They are including post-foreclosure sales (REO sales)., which were 37.5% of the sales in So Cal in April.
ParticipantNo problem.
They are including post-foreclosure sales (REO sales)., which were 37.5% of the sales in So Cal in April.
ParticipantNo problem.
They are including post-foreclosure sales (REO sales)., which were 37.5% of the sales in So Cal in April.
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