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August 9, 2007 at 12:11 PM in reply to: Where is the Outrage? Realtors gone amok,still ripping off the Banks #72361August 9, 2007 at 12:11 PM in reply to: Where is the Outrage? Realtors gone amok,still ripping off the Banks #72370
SD Realtor
Participantfarbet –
If I was rated on my peers performance in the industry I would have a failing grade. Fortunately I am rated on my performance, not theirs.
To me there are two types to watch out for, the really dumb agent, (which there are alot of) and the agent who really does not care about the clients and will do ANYTHING for the sale, AND who is very crafty.
SD Realtor
ps – it disgusts me as well… very well put sdr.
ParticipantYeah I think his point of view is seriously affected by his locale. Not many distressed sellers in that part of the city.
SD Realtor
ParticipantYeah I think his point of view is seriously affected by his locale. Not many distressed sellers in that part of the city.
SD Realtor
ParticipantYeah I think his point of view is seriously affected by his locale. Not many distressed sellers in that part of the city.
SD Realtor
August 8, 2007 at 10:04 PM in reply to: Slow decline or is a big chunk about to be ripped out? #72052ParticipantHi Allan –
The biggest problem I have with the reported statistics is simply that the median is 99% of what is reported and I never really pay attention to the median anyway. I think sales volume is much more telling. Eventually medians will move down if volumes are consistently dropping. So my answer is that reported medians most likely will not reflect the impact. One thing that I believe has happened is that the volume drops from 2006 compared to 2005 were steeper then the volume drops of 2007 compared to 2006. This is more of a guess from memory but is most likely attributable to 2005 being the peak (in some areas).
So yes your conjecture is correct. I think that yes the real ugliness has yet to manifest itself. I don’t see a single wham month though. I just see continued sluggishness and in say 10 months or a year and we look back and go okay, it has really started crank down. Even the resets in October will not manifest themselves into trustee sales and REO for a spell. Remember, 3 months minimum until a NOD is even filed, then almost another 4 months to trustee sale, and as we have seen, REO properties are not being dumped onto the market all at once.
SD Realtor
August 8, 2007 at 10:04 PM in reply to: Slow decline or is a big chunk about to be ripped out? #72169ParticipantHi Allan –
The biggest problem I have with the reported statistics is simply that the median is 99% of what is reported and I never really pay attention to the median anyway. I think sales volume is much more telling. Eventually medians will move down if volumes are consistently dropping. So my answer is that reported medians most likely will not reflect the impact. One thing that I believe has happened is that the volume drops from 2006 compared to 2005 were steeper then the volume drops of 2007 compared to 2006. This is more of a guess from memory but is most likely attributable to 2005 being the peak (in some areas).
So yes your conjecture is correct. I think that yes the real ugliness has yet to manifest itself. I don’t see a single wham month though. I just see continued sluggishness and in say 10 months or a year and we look back and go okay, it has really started crank down. Even the resets in October will not manifest themselves into trustee sales and REO for a spell. Remember, 3 months minimum until a NOD is even filed, then almost another 4 months to trustee sale, and as we have seen, REO properties are not being dumped onto the market all at once.
SD Realtor
August 8, 2007 at 10:04 PM in reply to: Slow decline or is a big chunk about to be ripped out? #72179ParticipantHi Allan –
The biggest problem I have with the reported statistics is simply that the median is 99% of what is reported and I never really pay attention to the median anyway. I think sales volume is much more telling. Eventually medians will move down if volumes are consistently dropping. So my answer is that reported medians most likely will not reflect the impact. One thing that I believe has happened is that the volume drops from 2006 compared to 2005 were steeper then the volume drops of 2007 compared to 2006. This is more of a guess from memory but is most likely attributable to 2005 being the peak (in some areas).
So yes your conjecture is correct. I think that yes the real ugliness has yet to manifest itself. I don’t see a single wham month though. I just see continued sluggishness and in say 10 months or a year and we look back and go okay, it has really started crank down. Even the resets in October will not manifest themselves into trustee sales and REO for a spell. Remember, 3 months minimum until a NOD is even filed, then almost another 4 months to trustee sale, and as we have seen, REO properties are not being dumped onto the market all at once.
SD Realtor
ParticipantRad – The hardest thing about my job is that so many many sellers I meet are blinded by emotion. It really is a touchy subject and I am sure most everyone here has run into similar conversations with other friends and coworkers. In fact, in social settings I pretty much don’t give my thoughts unless I am asked.
I think that there is some merit about the majority of sellers are not distressed is losing steam everyday. The simple fact is represented in the short sale monitor. It is undisputable that the percentage of distressed sales verses the total homes for sale is growing EVERY WEEK! The only caviot to this argument is that the distressed sales will grow at different rates in different zip codes in my opinion.
At any rate, in the long run you will be proven to be correct. Just don’t rub it in.
SD Realtor
ParticipantRad – The hardest thing about my job is that so many many sellers I meet are blinded by emotion. It really is a touchy subject and I am sure most everyone here has run into similar conversations with other friends and coworkers. In fact, in social settings I pretty much don’t give my thoughts unless I am asked.
I think that there is some merit about the majority of sellers are not distressed is losing steam everyday. The simple fact is represented in the short sale monitor. It is undisputable that the percentage of distressed sales verses the total homes for sale is growing EVERY WEEK! The only caviot to this argument is that the distressed sales will grow at different rates in different zip codes in my opinion.
At any rate, in the long run you will be proven to be correct. Just don’t rub it in.
SD Realtor
ParticipantRad – The hardest thing about my job is that so many many sellers I meet are blinded by emotion. It really is a touchy subject and I am sure most everyone here has run into similar conversations with other friends and coworkers. In fact, in social settings I pretty much don’t give my thoughts unless I am asked.
I think that there is some merit about the majority of sellers are not distressed is losing steam everyday. The simple fact is represented in the short sale monitor. It is undisputable that the percentage of distressed sales verses the total homes for sale is growing EVERY WEEK! The only caviot to this argument is that the distressed sales will grow at different rates in different zip codes in my opinion.
At any rate, in the long run you will be proven to be correct. Just don’t rub it in.
SD Realtor
August 8, 2007 at 4:51 PM in reply to: Now back to our regularly scheduled programming on NOD’s #71959ParticipantJim at a rate of 150/week that would tally up to 7600 properties per year! That would be a nice addition to the inventory.
What would be quite interesting is a zip code breakdown of the REO. I am not asking for that but I would bet there will be a definite bias towards certain regions.
SD Realtor
August 8, 2007 at 4:51 PM in reply to: Now back to our regularly scheduled programming on NOD’s #72076ParticipantJim at a rate of 150/week that would tally up to 7600 properties per year! That would be a nice addition to the inventory.
What would be quite interesting is a zip code breakdown of the REO. I am not asking for that but I would bet there will be a definite bias towards certain regions.
SD Realtor
August 8, 2007 at 4:51 PM in reply to: Now back to our regularly scheduled programming on NOD’s #72085ParticipantJim at a rate of 150/week that would tally up to 7600 properties per year! That would be a nice addition to the inventory.
What would be quite interesting is a zip code breakdown of the REO. I am not asking for that but I would bet there will be a definite bias towards certain regions.
SD Realtor
ParticipantHmmm… lets see… you have 0 debt, sitting on a business, some cash… single!
You sound like a perfectly ripe sugarmomma to me Lindy…Someone is gonna pluck you right off the tree.
SD Realtor
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