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latesummer2008
ParticipantSan Diego Co. May Prices will be reported in the LA TIMES soon. We’ll see if they follow the Higher End Area Declines we just witnessed, in Orange County.
Getting more interesting all the time…
ParticipantSan Diego Co. May Prices will be reported in the LA TIMES soon. We’ll see if they follow the Higher End Area Declines we just witnessed, in Orange County.
Getting more interesting all the time…
Participant2007, The Tipping Point… Reality sets in for Home Sellers. Now the builders are slashing prices and undercutting everyone in their path, just to unload product and survive. What do you think that will do to the average home seller?
I found an interesting website that now forecasts a possible 60% drop in home prices in LA & SD, based on Interest Rates, Inflation and Income Growth.
Something at least, to consider…
Take a look: http://westsideremeltdown.blogspot.com
Participant2007, The Tipping Point… Reality sets in for Home Sellers. Now the builders are slashing prices and undercutting everyone in their path, just to unload product and survive. What do you think that will do to the average home seller?
I found an interesting website that now forecasts a possible 60% drop in home prices in LA & SD, based on Interest Rates, Inflation and Income Growth.
Something at least, to consider…
Take a look: http://westsideremeltdown.blogspot.com
Participant60% Drop in SD & LA Possible… I found a website that give 3 possible scenarios based on Mortgage Debt, Interest Rates, and Appreciation Rates.
Very, Very Interesting….
Participant60% Drop in SD & LA Possible… I found a website that give 3 possible scenarios based on Mortgage Debt, Interest Rates, and Appreciation Rates.
Very, Very Interesting….
ParticipantThose Numbers Can’t be Good. We all know Median is not truly indicative of the market. I would love to see Volume and Price per Square Foot.
I am sure they are worse….
ParticipantThose Numbers Can’t be Good. We all know Median is not truly indicative of the market. I would love to see Volume and Price per Square Foot.
I am sure they are worse….
ParticipantORANGE COUNTY SCUD HITS.. The LA Times Bomb exploded today (5/27/07)in the O.C. Median Prices YEAR over YEAR got SLAMMED in the Higher End Areas.
Here is the damage:
Newport Beach (-51.7%)
Capistrano Beach (-48.3%)
Laguna Beach (-32.2%)
Corona del Mar (-24.4%)
Trabuco Canyon (-22.6%)
Yorba Linda (-20.5%)Here comes the RUSH for the EXITS….
http://www.westsideremeltdown.blogspot.com
Newport Beach
ParticipantORANGE COUNTY SCUD HITS.. The LA Times Bomb exploded today (5/27/07)in the O.C. Median Prices YEAR over YEAR got SLAMMED in the Higher End Areas.
Here is the damage:
Newport Beach (-51.7%)
Capistrano Beach (-48.3%)
Laguna Beach (-32.2%)
Corona del Mar (-24.4%)
Trabuco Canyon (-22.6%)
Yorba Linda (-20.5%)Here comes the RUSH for the EXITS….
http://www.westsideremeltdown.blogspot.com
Newport Beach
ParticipantWOW!! LET THE GAMES BEGIN! Desperate, that is the only word for it. And theses guys could care less, who gets in their way. We will now see a RUSH FOR THE EXITS. I have a feeling this is going to get worse than anyone could imagine. The FLIP SIDE of what went on the last 2,3,4,5,6,7,8,9 or 10 years. Any guesses on what year prices return to?
I’ll say 2000…1999…
ParticipantWOW!! LET THE GAMES BEGIN! Desperate, that is the only word for it. And theses guys could care less, who gets in their way. We will now see a RUSH FOR THE EXITS. I have a feeling this is going to get worse than anyone could imagine. The FLIP SIDE of what went on the last 2,3,4,5,6,7,8,9 or 10 years. Any guesses on what year prices return to?
I’ll say 2000…1999…
ParticipantSales of Existing Homes -2.6% Month to Month. Thats over 31% on an annual basis, by my calculations. And now, Builders are are slashing prices. -11.1% Month to Month on a new home. That doesn’t include incentives such as free upgrades or 20 – 30% cancellation rates…
This summer is shaping up to be very interesting..
ParticipantSales of Existing Homes -2.6% Month to Month. Thats over 31% on an annual basis, by my calculations. And now, Builders are are slashing prices. -11.1% Month to Month on a new home. That doesn’t include incentives such as free upgrades or 20 – 30% cancellation rates…
This summer is shaping up to be very interesting..
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