[(former)FormerSanDiegan]

I saw the article on-line late yesterday and I could have sworn it said 2004 prices. Must have been mis-edited overnight.

[(former)FormerSanDiegan]

I saw the article on-line late yesterday and I could have sworn it said 2004 prices. Must have been mis-edited overnight.

[(former)FormerSanDiegan]

Do you think that owners have enough cash to “bide their time ’til 2009”?

I don’t think the the market would have recovered to previous highs by 2009 so it should be more like “walk now while you can.”

I would wait a couple of years past whatever date the mainstream media comes up with.

The slogans are not aimed at existing homeowners, they are from the perspective of the RE industry and aimed at perceived future volume and are of more interest to those on the sideline or future buyers rather than existing owners or sellers.

Yes, I expect that being the first slogan the date involved might be premature.

[(former)FormerSanDiegan]

Do you think that owners have enough cash to “bide their time ’til 2009”?

I don’t think the the market would have recovered to previous highs by 2009 so it should be more like “walk now while you can.”

I would wait a couple of years past whatever date the mainstream media comes up with.

The slogans are not aimed at existing homeowners, they are from the perspective of the RE industry and aimed at perceived future volume and are of more interest to those on the sideline or future buyers rather than existing owners or sellers.

Yes, I expect that being the first slogan the date involved might be premature.

[(former)FormerSanDiegan]

Do you think that owners have enough cash to “bide their time ’til 2009”?

I don’t think the the market would have recovered to previous highs by 2009 so it should be more like “walk now while you can.”

I would wait a couple of years past whatever date the mainstream media comes up with.

The slogans are not aimed at existing homeowners, they are from the perspective of the RE industry and aimed at perceived future volume and are of more interest to those on the sideline or future buyers rather than existing owners or sellers.

Yes, I expect that being the first slogan the date involved might be premature.

[(former)FormerSanDiegan]

Do you think that owners have enough cash to “bide their time ’til 2009”?

I don’t think the the market would have recovered to previous highs by 2009 so it should be more like “walk now while you can.”

I would wait a couple of years past whatever date the mainstream media comes up with.

The slogans are not aimed at existing homeowners, they are from the perspective of the RE industry and aimed at perceived future volume and are of more interest to those on the sideline or future buyers rather than existing owners or sellers.

Yes, I expect that being the first slogan the date involved might be premature.

[(former)FormerSanDiegan]

Here’s the link to the U-T article.
http://www.signonsandiego.com/news/business/20071114-9999-1b14prices.html

Back in Aug 2006, PD came VERY close to predicting the catch phrase used by the agent in the article. PD came up with “Buying time in 2009”. Where have you gone, PD ?

[(former)FormerSanDiegan]

Here’s the link to the U-T article.
http://www.signonsandiego.com/news/business/20071114-9999-1b14prices.html

Back in Aug 2006, PD came VERY close to predicting the catch phrase used by the agent in the article. PD came up with “Buying time in 2009”. Where have you gone, PD ?

[(former)FormerSanDiegan]

Here’s the link to the U-T article.
http://www.signonsandiego.com/news/business/20071114-9999-1b14prices.html

Back in Aug 2006, PD came VERY close to predicting the catch phrase used by the agent in the article. PD came up with “Buying time in 2009”. Where have you gone, PD ?

[(former)FormerSanDiegan]

Here’s the link to the U-T article.
http://www.signonsandiego.com/news/business/20071114-9999-1b14prices.html

Back in Aug 2006, PD came VERY close to predicting the catch phrase used by the agent in the article. PD came up with “Buying time in 2009”. Where have you gone, PD ?

[(former)FormerSanDiegan]

Alls you gotta do is watch the ratio of inventory to sales. When the number of listings gets down below 6 months worth of sales then we’ll start to see some price stabilization – not before.

My post was (partly) tongue-in-cheek. I will start to pay more attention to the numbers when the general consensus in the press is that RE sucks forever.

I agree that months of inventory is a good measure. But, 6 months inventory seems fairly robust. Wouldn’t there be significant positive momentum going from 12-13 months to 6 months ? I always though about 8-10 months inventory was the crossover between a buyers’/sellers’ market.

[(former)FormerSanDiegan]

Alls you gotta do is watch the ratio of inventory to sales. When the number of listings gets down below 6 months worth of sales then we’ll start to see some price stabilization – not before.

My post was (partly) tongue-in-cheek. I will start to pay more attention to the numbers when the general consensus in the press is that RE sucks forever.

I agree that months of inventory is a good measure. But, 6 months inventory seems fairly robust. Wouldn’t there be significant positive momentum going from 12-13 months to 6 months ? I always though about 8-10 months inventory was the crossover between a buyers’/sellers’ market.

[(former)FormerSanDiegan]

Alls you gotta do is watch the ratio of inventory to sales. When the number of listings gets down below 6 months worth of sales then we’ll start to see some price stabilization – not before.

My post was (partly) tongue-in-cheek. I will start to pay more attention to the numbers when the general consensus in the press is that RE sucks forever.

I agree that months of inventory is a good measure. But, 6 months inventory seems fairly robust. Wouldn’t there be significant positive momentum going from 12-13 months to 6 months ? I always though about 8-10 months inventory was the crossover between a buyers’/sellers’ market.

[(former)FormerSanDiegan]

Alls you gotta do is watch the ratio of inventory to sales. When the number of listings gets down below 6 months worth of sales then we’ll start to see some price stabilization – not before.

My post was (partly) tongue-in-cheek. I will start to pay more attention to the numbers when the general consensus in the press is that RE sucks forever.

I agree that months of inventory is a good measure. But, 6 months inventory seems fairly robust. Wouldn’t there be significant positive momentum going from 12-13 months to 6 months ? I always though about 8-10 months inventory was the crossover between a buyers’/sellers’ market.

[(former)FormerSanDiegan]

Uh oh !
When the mass media starts saying there is no bottom in sight, it makes me start to think. When this line of thinking prevails broadly, that’s when I would start looking for signs of a bottom.

[Author]

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