[hipmatt]

Palin rocks, even more conservative than McCain, I would actually prefer her to McCain. I’m actually a excited about this election now.

She isn’t the most experienced, but she is all about small gov., 2nd amend rights, pro-life, actually drilling for oil in Alaska. She has the highest approval rating of ANY governor in this country. Finally a real conservative in this race.

Obama only has a few more months experience as a Senator than she has as Governor, and we all know how productive congress is.

[hipmatt]

Palin rocks, even more conservative than McCain, I would actually prefer her to McCain. I’m actually a excited about this election now.

She isn’t the most experienced, but she is all about small gov., 2nd amend rights, pro-life, actually drilling for oil in Alaska. She has the highest approval rating of ANY governor in this country. Finally a real conservative in this race.

Obama only has a few more months experience as a Senator than she has as Governor, and we all know how productive congress is.

[hipmatt]

Palin rocks, even more conservative than McCain, I would actually prefer her to McCain. I’m actually a excited about this election now.

She isn’t the most experienced, but she is all about small gov., 2nd amend rights, pro-life, actually drilling for oil in Alaska. She has the highest approval rating of ANY governor in this country. Finally a real conservative in this race.

Obama only has a few more months experience as a Senator than she has as Governor, and we all know how productive congress is.

[hipmatt]

Palin rocks, even more conservative than McCain, I would actually prefer her to McCain. I’m actually a excited about this election now.

She isn’t the most experienced, but she is all about small gov., 2nd amend rights, pro-life, actually drilling for oil in Alaska. She has the highest approval rating of ANY governor in this country. Finally a real conservative in this race.

Obama only has a few more months experience as a Senator than she has as Governor, and we all know how productive congress is.

[hipmatt]

Palin rocks, even more conservative than McCain, I would actually prefer her to McCain. I’m actually a excited about this election now.

She isn’t the most experienced, but she is all about small gov., 2nd amend rights, pro-life, actually drilling for oil in Alaska. She has the highest approval rating of ANY governor in this country. Finally a real conservative in this race.

Obama only has a few more months experience as a Senator than she has as Governor, and we all know how productive congress is.

[hipmatt]

[quote=sdrealtor]”The BIGGEST driver of prices is supply and demand. Well the big news today is another record high supply.”

Thats national not local news. I have the news on in the background and just heard a statement that sales are up over 40% year over year this month (admittedly it is mostly low end bargain hunters). Inventory in the MLS is down from last year. Not saying prices are going up but supply/demand certainly is not on your side right now. I have about a dozen buyers, all well qualified, with substantial down payments ( afew are all cash) looking for decent proeprties at or just below today’s prices. It has been a HUGE challenge to find what they are looking for. When we do, there is competition.[/quote]

sdrealtor, your numerous powerful, rich, all cash buyers may be a nice exaggerated anomaly, and you should enjoy the fat commissions you will make when you find them the right homes, but I can assure you that the supply/demand certainly IS in my favor.

“As the article says.. Additional waves of foreclosures are likely, because thousands of alternative-documentation loans and other exotic mortgages are scheduled to reset to higher monthly payments in the coming months, he said. In addition, sales haven’t increased enough yet to substantially reduce the high inventory across the state.”

While the summer rally comes to and end, an additional wave of inventory will be presenting itself to us in the coming quarters. Rents (in Temecula) are falling in some places. In Temecula, nicely located apartments are offering rates about 25% off of past prices and are giving 2 months free. This will eventually make its way into home rental prices as well as renters default and spend their money of food and other necessities. Soon, investors will see that these prices aren’t that great and they will find more profitable investments.

Inventory may have dropped this summer, but is this a surprise? No, what do you expect when prices fall 40%.

[hipmatt]

[quote=sdrealtor]”The BIGGEST driver of prices is supply and demand. Well the big news today is another record high supply.”

Thats national not local news. I have the news on in the background and just heard a statement that sales are up over 40% year over year this month (admittedly it is mostly low end bargain hunters). Inventory in the MLS is down from last year. Not saying prices are going up but supply/demand certainly is not on your side right now. I have about a dozen buyers, all well qualified, with substantial down payments ( afew are all cash) looking for decent proeprties at or just below today’s prices. It has been a HUGE challenge to find what they are looking for. When we do, there is competition.[/quote]

sdrealtor, your numerous powerful, rich, all cash buyers may be a nice exaggerated anomaly, and you should enjoy the fat commissions you will make when you find them the right homes, but I can assure you that the supply/demand certainly IS in my favor.

“As the article says.. Additional waves of foreclosures are likely, because thousands of alternative-documentation loans and other exotic mortgages are scheduled to reset to higher monthly payments in the coming months, he said. In addition, sales haven’t increased enough yet to substantially reduce the high inventory across the state.”

While the summer rally comes to and end, an additional wave of inventory will be presenting itself to us in the coming quarters. Rents (in Temecula) are falling in some places. In Temecula, nicely located apartments are offering rates about 25% off of past prices and are giving 2 months free. This will eventually make its way into home rental prices as well as renters default and spend their money of food and other necessities. Soon, investors will see that these prices aren’t that great and they will find more profitable investments.

Inventory may have dropped this summer, but is this a surprise? No, what do you expect when prices fall 40%.

[hipmatt]

[quote=sdrealtor]”The BIGGEST driver of prices is supply and demand. Well the big news today is another record high supply.”

Thats national not local news. I have the news on in the background and just heard a statement that sales are up over 40% year over year this month (admittedly it is mostly low end bargain hunters). Inventory in the MLS is down from last year. Not saying prices are going up but supply/demand certainly is not on your side right now. I have about a dozen buyers, all well qualified, with substantial down payments ( afew are all cash) looking for decent proeprties at or just below today’s prices. It has been a HUGE challenge to find what they are looking for. When we do, there is competition.[/quote]

sdrealtor, your numerous powerful, rich, all cash buyers may be a nice exaggerated anomaly, and you should enjoy the fat commissions you will make when you find them the right homes, but I can assure you that the supply/demand certainly IS in my favor.

“As the article says.. Additional waves of foreclosures are likely, because thousands of alternative-documentation loans and other exotic mortgages are scheduled to reset to higher monthly payments in the coming months, he said. In addition, sales haven’t increased enough yet to substantially reduce the high inventory across the state.”

While the summer rally comes to and end, an additional wave of inventory will be presenting itself to us in the coming quarters. Rents (in Temecula) are falling in some places. In Temecula, nicely located apartments are offering rates about 25% off of past prices and are giving 2 months free. This will eventually make its way into home rental prices as well as renters default and spend their money of food and other necessities. Soon, investors will see that these prices aren’t that great and they will find more profitable investments.

Inventory may have dropped this summer, but is this a surprise? No, what do you expect when prices fall 40%.

[hipmatt]

[quote=sdrealtor]”The BIGGEST driver of prices is supply and demand. Well the big news today is another record high supply.”

Thats national not local news. I have the news on in the background and just heard a statement that sales are up over 40% year over year this month (admittedly it is mostly low end bargain hunters). Inventory in the MLS is down from last year. Not saying prices are going up but supply/demand certainly is not on your side right now. I have about a dozen buyers, all well qualified, with substantial down payments ( afew are all cash) looking for decent proeprties at or just below today’s prices. It has been a HUGE challenge to find what they are looking for. When we do, there is competition.[/quote]

sdrealtor, your numerous powerful, rich, all cash buyers may be a nice exaggerated anomaly, and you should enjoy the fat commissions you will make when you find them the right homes, but I can assure you that the supply/demand certainly IS in my favor.

“As the article says.. Additional waves of foreclosures are likely, because thousands of alternative-documentation loans and other exotic mortgages are scheduled to reset to higher monthly payments in the coming months, he said. In addition, sales haven’t increased enough yet to substantially reduce the high inventory across the state.”

While the summer rally comes to and end, an additional wave of inventory will be presenting itself to us in the coming quarters. Rents (in Temecula) are falling in some places. In Temecula, nicely located apartments are offering rates about 25% off of past prices and are giving 2 months free. This will eventually make its way into home rental prices as well as renters default and spend their money of food and other necessities. Soon, investors will see that these prices aren’t that great and they will find more profitable investments.

Inventory may have dropped this summer, but is this a surprise? No, what do you expect when prices fall 40%.

[hipmatt]

[quote=sdrealtor]”The BIGGEST driver of prices is supply and demand. Well the big news today is another record high supply.”

Thats national not local news. I have the news on in the background and just heard a statement that sales are up over 40% year over year this month (admittedly it is mostly low end bargain hunters). Inventory in the MLS is down from last year. Not saying prices are going up but supply/demand certainly is not on your side right now. I have about a dozen buyers, all well qualified, with substantial down payments ( afew are all cash) looking for decent proeprties at or just below today’s prices. It has been a HUGE challenge to find what they are looking for. When we do, there is competition.[/quote]

sdrealtor, your numerous powerful, rich, all cash buyers may be a nice exaggerated anomaly, and you should enjoy the fat commissions you will make when you find them the right homes, but I can assure you that the supply/demand certainly IS in my favor.

“As the article says.. Additional waves of foreclosures are likely, because thousands of alternative-documentation loans and other exotic mortgages are scheduled to reset to higher monthly payments in the coming months, he said. In addition, sales haven’t increased enough yet to substantially reduce the high inventory across the state.”

While the summer rally comes to and end, an additional wave of inventory will be presenting itself to us in the coming quarters. Rents (in Temecula) are falling in some places. In Temecula, nicely located apartments are offering rates about 25% off of past prices and are giving 2 months free. This will eventually make its way into home rental prices as well as renters default and spend their money of food and other necessities. Soon, investors will see that these prices aren’t that great and they will find more profitable investments.

Inventory may have dropped this summer, but is this a surprise? No, what do you expect when prices fall 40%.

[hipmatt]

[quote=donaldduckmoore]The truth is there are lots of buyers (you may prefer knife catchers). Bottom or not depends on the performance of our economy. You know the Fed is trying everything to save the housing market. If inflation is no longer a threat, they will make interest rate stable and low for as long as possible and the bottom will be near. The current inflation is all driven by oil price. You know that oil price is not moving up recently and stronger dollar also suppresses rising oil price. If they have the trick to do all these, then the housing market should not be looking too glim. It is all psychological cycle. Just my personal opinion.[/quote]

A. The fed can not save housing.
B. Who says inflation isn’t a threat?
Just because a gallon of gas is now in the high $3s and not the low $4 doesn’t mean inflation isn’t a problem. BTW $115 per barrel of oil is still up about 100% from early 2007 prices… hardly a sign of moderating inflation. Food prices are still way up. Check it out http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-foodprices_25bus.ART.State.Edition1.3f90971.html
C. It is all psychological, I agree, but the economy isn’t doing so hot, and as you say if housing depends on the performance of the economy.. then housing won’t bottom anytime soon.

[hipmatt]

[quote=donaldduckmoore]The truth is there are lots of buyers (you may prefer knife catchers). Bottom or not depends on the performance of our economy. You know the Fed is trying everything to save the housing market. If inflation is no longer a threat, they will make interest rate stable and low for as long as possible and the bottom will be near. The current inflation is all driven by oil price. You know that oil price is not moving up recently and stronger dollar also suppresses rising oil price. If they have the trick to do all these, then the housing market should not be looking too glim. It is all psychological cycle. Just my personal opinion.[/quote]

A. The fed can not save housing.
B. Who says inflation isn’t a threat?
Just because a gallon of gas is now in the high $3s and not the low $4 doesn’t mean inflation isn’t a problem. BTW $115 per barrel of oil is still up about 100% from early 2007 prices… hardly a sign of moderating inflation. Food prices are still way up. Check it out http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-foodprices_25bus.ART.State.Edition1.3f90971.html
C. It is all psychological, I agree, but the economy isn’t doing so hot, and as you say if housing depends on the performance of the economy.. then housing won’t bottom anytime soon.

[hipmatt]

[quote=donaldduckmoore]The truth is there are lots of buyers (you may prefer knife catchers). Bottom or not depends on the performance of our economy. You know the Fed is trying everything to save the housing market. If inflation is no longer a threat, they will make interest rate stable and low for as long as possible and the bottom will be near. The current inflation is all driven by oil price. You know that oil price is not moving up recently and stronger dollar also suppresses rising oil price. If they have the trick to do all these, then the housing market should not be looking too glim. It is all psychological cycle. Just my personal opinion.[/quote]

A. The fed can not save housing.
B. Who says inflation isn’t a threat?
Just because a gallon of gas is now in the high $3s and not the low $4 doesn’t mean inflation isn’t a problem. BTW $115 per barrel of oil is still up about 100% from early 2007 prices… hardly a sign of moderating inflation. Food prices are still way up. Check it out http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-foodprices_25bus.ART.State.Edition1.3f90971.html
C. It is all psychological, I agree, but the economy isn’t doing so hot, and as you say if housing depends on the performance of the economy.. then housing won’t bottom anytime soon.

[hipmatt]

[quote=donaldduckmoore]The truth is there are lots of buyers (you may prefer knife catchers). Bottom or not depends on the performance of our economy. You know the Fed is trying everything to save the housing market. If inflation is no longer a threat, they will make interest rate stable and low for as long as possible and the bottom will be near. The current inflation is all driven by oil price. You know that oil price is not moving up recently and stronger dollar also suppresses rising oil price. If they have the trick to do all these, then the housing market should not be looking too glim. It is all psychological cycle. Just my personal opinion.[/quote]

A. The fed can not save housing.
B. Who says inflation isn’t a threat?
Just because a gallon of gas is now in the high $3s and not the low $4 doesn’t mean inflation isn’t a problem. BTW $115 per barrel of oil is still up about 100% from early 2007 prices… hardly a sign of moderating inflation. Food prices are still way up. Check it out http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-foodprices_25bus.ART.State.Edition1.3f90971.html
C. It is all psychological, I agree, but the economy isn’t doing so hot, and as you say if housing depends on the performance of the economy.. then housing won’t bottom anytime soon.

[hipmatt]

[quote=donaldduckmoore]The truth is there are lots of buyers (you may prefer knife catchers). Bottom or not depends on the performance of our economy. You know the Fed is trying everything to save the housing market. If inflation is no longer a threat, they will make interest rate stable and low for as long as possible and the bottom will be near. The current inflation is all driven by oil price. You know that oil price is not moving up recently and stronger dollar also suppresses rising oil price. If they have the trick to do all these, then the housing market should not be looking too glim. It is all psychological cycle. Just my personal opinion.[/quote]

A. The fed can not save housing.
B. Who says inflation isn’t a threat?
Just because a gallon of gas is now in the high $3s and not the low $4 doesn’t mean inflation isn’t a problem. BTW $115 per barrel of oil is still up about 100% from early 2007 prices… hardly a sign of moderating inflation. Food prices are still way up. Check it out http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-foodprices_25bus.ART.State.Edition1.3f90971.html
C. It is all psychological, I agree, but the economy isn’t doing so hot, and as you say if housing depends on the performance of the economy.. then housing won’t bottom anytime soon.

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