[pencilneck]

In the short term, I believe the lower to middle end of the housing market will see some softening. Higher interest rates, FHA tightening, and the end of the $8k federal tax credit may all work against this market.

We might possibly see a bit more inventory out there as well.

However, there are a lot of buyers delaying their purchases to qualify for both the California tax credit and the federal tax credit. This is going to make the early May numbers look fantastically good. The May numbers will mostly be reported in June. It won’t be until July or August that we see what the market looks like with a little less intervention.

(Edit: In this case “short term” means 3-6 months, not one month or several weeks.)

[pencilneck]

In the short term, I believe the lower to middle end of the housing market will see some softening. Higher interest rates, FHA tightening, and the end of the $8k federal tax credit may all work against this market.

We might possibly see a bit more inventory out there as well.

However, there are a lot of buyers delaying their purchases to qualify for both the California tax credit and the federal tax credit. This is going to make the early May numbers look fantastically good. The May numbers will mostly be reported in June. It won’t be until July or August that we see what the market looks like with a little less intervention.

(Edit: In this case “short term” means 3-6 months, not one month or several weeks.)

[pencilneck]

In the short term, I believe the lower to middle end of the housing market will see some softening. Higher interest rates, FHA tightening, and the end of the $8k federal tax credit may all work against this market.

We might possibly see a bit more inventory out there as well.

However, there are a lot of buyers delaying their purchases to qualify for both the California tax credit and the federal tax credit. This is going to make the early May numbers look fantastically good. The May numbers will mostly be reported in June. It won’t be until July or August that we see what the market looks like with a little less intervention.

(Edit: In this case “short term” means 3-6 months, not one month or several weeks.)

[pencilneck]

In the short term, I believe the lower to middle end of the housing market will see some softening. Higher interest rates, FHA tightening, and the end of the $8k federal tax credit may all work against this market.

We might possibly see a bit more inventory out there as well.

However, there are a lot of buyers delaying their purchases to qualify for both the California tax credit and the federal tax credit. This is going to make the early May numbers look fantastically good. The May numbers will mostly be reported in June. It won’t be until July or August that we see what the market looks like with a little less intervention.

(Edit: In this case “short term” means 3-6 months, not one month or several weeks.)

[pencilneck]

OT: Different kind of Realtor horror story

In 2007 I was buying a six pack of beer at a liquor store in North Park. The man behind the register was wearing a name-tag that indicated he was a Realtor. I assumed he was wearing it as a joke.

“Are you really a Realtor?” I asked

“Yes” he replied “Would you like to buy a house?”

I said no, but nonetheless he slipped his business card into my change and told me to call him when I was ready.

[pencilneck]

OT: Different kind of Realtor horror story

In 2007 I was buying a six pack of beer at a liquor store in North Park. The man behind the register was wearing a name-tag that indicated he was a Realtor. I assumed he was wearing it as a joke.

“Are you really a Realtor?” I asked

“Yes” he replied “Would you like to buy a house?”

I said no, but nonetheless he slipped his business card into my change and told me to call him when I was ready.

[pencilneck]

OT: Different kind of Realtor horror story

In 2007 I was buying a six pack of beer at a liquor store in North Park. The man behind the register was wearing a name-tag that indicated he was a Realtor. I assumed he was wearing it as a joke.

“Are you really a Realtor?” I asked

“Yes” he replied “Would you like to buy a house?”

I said no, but nonetheless he slipped his business card into my change and told me to call him when I was ready.

[pencilneck]

OT: Different kind of Realtor horror story

In 2007 I was buying a six pack of beer at a liquor store in North Park. The man behind the register was wearing a name-tag that indicated he was a Realtor. I assumed he was wearing it as a joke.

“Are you really a Realtor?” I asked

“Yes” he replied “Would you like to buy a house?”

I said no, but nonetheless he slipped his business card into my change and told me to call him when I was ready.

[pencilneck]

OT: Different kind of Realtor horror story

In 2007 I was buying a six pack of beer at a liquor store in North Park. The man behind the register was wearing a name-tag that indicated he was a Realtor. I assumed he was wearing it as a joke.

“Are you really a Realtor?” I asked

“Yes” he replied “Would you like to buy a house?”

I said no, but nonetheless he slipped his business card into my change and told me to call him when I was ready.

[pencilneck]

http://info.sen.ca.gov/pub/09-10/bill/sen/sb_0151-0200/sb_159_bill_20090806_chaptered.html

(1) Make a lane change into an available lane not immediately adjacent to the authorized emergency vehicle or tow truck with due regard for safety and traffic conditions, if practicable and not prohibited by law.
(2) If the maneuver described in paragraph (1) would be unsafe or impracticable, slow to a reasonable and prudent speed that is safe for existing weather, road, and vehicular or pedestrian traffic conditions.

I knew of the law, but just read the second paragraph. Seems a little vague, no?

[pencilneck]

http://info.sen.ca.gov/pub/09-10/bill/sen/sb_0151-0200/sb_159_bill_20090806_chaptered.html

(1) Make a lane change into an available lane not immediately adjacent to the authorized emergency vehicle or tow truck with due regard for safety and traffic conditions, if practicable and not prohibited by law.
(2) If the maneuver described in paragraph (1) would be unsafe or impracticable, slow to a reasonable and prudent speed that is safe for existing weather, road, and vehicular or pedestrian traffic conditions.

I knew of the law, but just read the second paragraph. Seems a little vague, no?

[pencilneck]

http://info.sen.ca.gov/pub/09-10/bill/sen/sb_0151-0200/sb_159_bill_20090806_chaptered.html

(1) Make a lane change into an available lane not immediately adjacent to the authorized emergency vehicle or tow truck with due regard for safety and traffic conditions, if practicable and not prohibited by law.
(2) If the maneuver described in paragraph (1) would be unsafe or impracticable, slow to a reasonable and prudent speed that is safe for existing weather, road, and vehicular or pedestrian traffic conditions.

I knew of the law, but just read the second paragraph. Seems a little vague, no?

[pencilneck]

http://info.sen.ca.gov/pub/09-10/bill/sen/sb_0151-0200/sb_159_bill_20090806_chaptered.html

(1) Make a lane change into an available lane not immediately adjacent to the authorized emergency vehicle or tow truck with due regard for safety and traffic conditions, if practicable and not prohibited by law.
(2) If the maneuver described in paragraph (1) would be unsafe or impracticable, slow to a reasonable and prudent speed that is safe for existing weather, road, and vehicular or pedestrian traffic conditions.

I knew of the law, but just read the second paragraph. Seems a little vague, no?

[pencilneck]

http://info.sen.ca.gov/pub/09-10/bill/sen/sb_0151-0200/sb_159_bill_20090806_chaptered.html

(1) Make a lane change into an available lane not immediately adjacent to the authorized emergency vehicle or tow truck with due regard for safety and traffic conditions, if practicable and not prohibited by law.
(2) If the maneuver described in paragraph (1) would be unsafe or impracticable, slow to a reasonable and prudent speed that is safe for existing weather, road, and vehicular or pedestrian traffic conditions.

I knew of the law, but just read the second paragraph. Seems a little vague, no?

[pencilneck]

“The forgiveness can allow a homeowner to bring the loan value back down to 100 percent of the home’s value over five years, according to the plan, confirmed by sources close to the matter.”

Walking is still a better choice for some, imo. It brings you current immediately, and within 2-3 years you’d be able to buy a new home.

[Author]

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