[qcomer]

Just my opinion on rising prices and the sentiment that this is the bottom (which would officially be the third bottom in as many years). It might as well prove to be real bottom this time but based on past history of last 3 years (Spring/Summer bounce followed by lower low’s in Fall), I wouldn’t be too confident.

Strangely, the sentiment has also been the same in previous 2-3 bottom calls as well. Haven’t we seen this before? Stock market bounces back, rates at historic lows, prices start to creep up, etc. Yet it all ends badly as prices are lower in the Fall and the people who bought in Spring “frenzy” realize they are down 5% on their home.

This is just like buying a stock. Housing has to show clear lasting momentum through the entire year to convince of a real bottom. What I feel is different this time is that places like Phoenix, Miami and Vegas seem to be creating some sort of a bottom. That, to me, is a good sign.

[qcomer]

Thanks for the tips and your considerate reply, SD Realtor. I had 2 offers rejected and was countered with higher price that I didn’t take. One was just flat out rejected and maybe it went back on market.

[qcomer]

Thanks for the tips and your considerate reply, SD Realtor. I had 2 offers rejected and was countered with higher price that I didn’t take. One was just flat out rejected and maybe it went back on market.

[qcomer]

Thanks for the tips and your considerate reply, SD Realtor. I had 2 offers rejected and was countered with higher price that I didn’t take. One was just flat out rejected and maybe it went back on market.

[qcomer]

Thanks for the tips and your considerate reply, SD Realtor. I had 2 offers rejected and was countered with higher price that I didn’t take. One was just flat out rejected and maybe it went back on market.

[qcomer]

Thanks for the tips and your considerate reply, SD Realtor. I had 2 offers rejected and was countered with higher price that I didn’t take. One was just flat out rejected and maybe it went back on market.

[qcomer]

I guess you need to be careful with your rent/buy calculation. Rents are coming down especially for condos as there are lot of investment rental condos on market. Rental vacancy in apartments is upto 8% now. Typical 2Br/2Ba condo rentals are down $100 or so from last year.

[qcomer]

I guess you need to be careful with your rent/buy calculation. Rents are coming down especially for condos as there are lot of investment rental condos on market. Rental vacancy in apartments is upto 8% now. Typical 2Br/2Ba condo rentals are down $100 or so from last year.

[qcomer]

I guess you need to be careful with your rent/buy calculation. Rents are coming down especially for condos as there are lot of investment rental condos on market. Rental vacancy in apartments is upto 8% now. Typical 2Br/2Ba condo rentals are down $100 or so from last year.

[qcomer]

I guess you need to be careful with your rent/buy calculation. Rents are coming down especially for condos as there are lot of investment rental condos on market. Rental vacancy in apartments is upto 8% now. Typical 2Br/2Ba condo rentals are down $100 or so from last year.

[qcomer]

I guess you need to be careful with your rent/buy calculation. Rents are coming down especially for condos as there are lot of investment rental condos on market. Rental vacancy in apartments is upto 8% now. Typical 2Br/2Ba condo rentals are down $100 or so from last year.

[qcomer]

I have been frustrated as I have had 3-4 short sale offers rejected by lender. I have now excluded them from my search despite short sales making 40% of the market right now. What benefit do banks have with going through with a short sale instead of foreclosure? And real estate agents are extremely reluctant to work with short sales. Any idea, how many of these contingent short sales will end up in foreclosure or come back on market?

[qcomer]

I have been frustrated as I have had 3-4 short sale offers rejected by lender. I have now excluded them from my search despite short sales making 40% of the market right now. What benefit do banks have with going through with a short sale instead of foreclosure? And real estate agents are extremely reluctant to work with short sales. Any idea, how many of these contingent short sales will end up in foreclosure or come back on market?

[qcomer]

I have been frustrated as I have had 3-4 short sale offers rejected by lender. I have now excluded them from my search despite short sales making 40% of the market right now. What benefit do banks have with going through with a short sale instead of foreclosure? And real estate agents are extremely reluctant to work with short sales. Any idea, how many of these contingent short sales will end up in foreclosure or come back on market?

[qcomer]

I have been frustrated as I have had 3-4 short sale offers rejected by lender. I have now excluded them from my search despite short sales making 40% of the market right now. What benefit do banks have with going through with a short sale instead of foreclosure? And real estate agents are extremely reluctant to work with short sales. Any idea, how many of these contingent short sales will end up in foreclosure or come back on market?

[Author]

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