Forum Replies Created
-
AuthorPosts
-
SD Realtor
ParticipantYeah… I believe the debate was that it is only the very wealthy and a bunch of foreign investors that will be hardest hit by cdo and mbs investments…. not alot of substantial domestic investments… I think we will see that is not the case.
SD Realtor
ParticipantYeah… I believe the debate was that it is only the very wealthy and a bunch of foreign investors that will be hardest hit by cdo and mbs investments…. not alot of substantial domestic investments… I think we will see that is not the case.
SD Realtor
ParticipantDebtors prison… good way to put it radelow. I have to clients looking for homes in Kensington/Mission Hills/Hillcrest… Big declines in that area as well though the homes were all WAY overpriced to begin with.
SD Realtor
ParticipantDebtors prison… good way to put it radelow. I have to clients looking for homes in Kensington/Mission Hills/Hillcrest… Big declines in that area as well though the homes were all WAY overpriced to begin with.
SD Realtor
ParticipantDebtors prison… good way to put it radelow. I have to clients looking for homes in Kensington/Mission Hills/Hillcrest… Big declines in that area as well though the homes were all WAY overpriced to begin with.
SD Realtor
ParticipantDebtors prison… good way to put it radelow. I have to clients looking for homes in Kensington/Mission Hills/Hillcrest… Big declines in that area as well though the homes were all WAY overpriced to begin with.
SD Realtor
ParticipantDebtors prison… good way to put it radelow. I have to clients looking for homes in Kensington/Mission Hills/Hillcrest… Big declines in that area as well though the homes were all WAY overpriced to begin with.
SD Realtor
ParticipantOkay update time
3/5/08
46 actives (14 shorts, 2 REO) Most of the SS have offers according to the comments.
9 pendings (4 shorts, 1 REO)– 7 new actives listed since 2/18
– None of the new actives are shorts or REO!
– 3 new pendings that went pending after 2/18
– 2 of the new pendings are shorts
– 1 of the new pendings is an REO
– 1 expired since 2/18
– 1 cancelled since 2/18 (short sale)
– 1 withdrawn since 2/18
– 2 solds since 2/18 (Neither was a short or REO)
(One of them was 10212 Lone Dove, went for 775k)*Synopsis…not much… the pendings are slow moving… The active/pending ratio is slowly deteriorating, inventory is moving up slow but steady. Let’s see if it is 5 to 1 by my next post in 2 weeks.
****************
3/5/08
92130
148 actives (4 short, 2REO)
52 pendings (2 short 4 REO)
43 new listings since 2/18/08 (WOW!)
1 new listing is short.
26 new pendings since 2/18/08
4 of the new pendings are REO.
6 expireds since 2/18
1 cancelled since 2/18
10 withdrawns since 2/18 (1 short)
14 solds since 2/18. (2 REO)Musings… Our favorite Caminito Stella sols at 1.625M which was 125k above asking and about 400k below the 2005 sales price, (a nice 20% decline)… Mesa Norte is still pending. There is a HUGE rush of new inventory. Similarly there has been alot of pendings as well. Combine the pendings with the solds, expireds, cancelled and withdrawens and the active/pending ratio is holding strong and even has improved from 2 weeks ago.
Not speculating anything, just stating the facts.
SD Realtor
ParticipantOkay update time
3/5/08
46 actives (14 shorts, 2 REO) Most of the SS have offers according to the comments.
9 pendings (4 shorts, 1 REO)– 7 new actives listed since 2/18
– None of the new actives are shorts or REO!
– 3 new pendings that went pending after 2/18
– 2 of the new pendings are shorts
– 1 of the new pendings is an REO
– 1 expired since 2/18
– 1 cancelled since 2/18 (short sale)
– 1 withdrawn since 2/18
– 2 solds since 2/18 (Neither was a short or REO)
(One of them was 10212 Lone Dove, went for 775k)*Synopsis…not much… the pendings are slow moving… The active/pending ratio is slowly deteriorating, inventory is moving up slow but steady. Let’s see if it is 5 to 1 by my next post in 2 weeks.
****************
3/5/08
92130
148 actives (4 short, 2REO)
52 pendings (2 short 4 REO)
43 new listings since 2/18/08 (WOW!)
1 new listing is short.
26 new pendings since 2/18/08
4 of the new pendings are REO.
6 expireds since 2/18
1 cancelled since 2/18
10 withdrawns since 2/18 (1 short)
14 solds since 2/18. (2 REO)Musings… Our favorite Caminito Stella sols at 1.625M which was 125k above asking and about 400k below the 2005 sales price, (a nice 20% decline)… Mesa Norte is still pending. There is a HUGE rush of new inventory. Similarly there has been alot of pendings as well. Combine the pendings with the solds, expireds, cancelled and withdrawens and the active/pending ratio is holding strong and even has improved from 2 weeks ago.
Not speculating anything, just stating the facts.
SD Realtor
ParticipantOkay update time
3/5/08
46 actives (14 shorts, 2 REO) Most of the SS have offers according to the comments.
9 pendings (4 shorts, 1 REO)– 7 new actives listed since 2/18
– None of the new actives are shorts or REO!
– 3 new pendings that went pending after 2/18
– 2 of the new pendings are shorts
– 1 of the new pendings is an REO
– 1 expired since 2/18
– 1 cancelled since 2/18 (short sale)
– 1 withdrawn since 2/18
– 2 solds since 2/18 (Neither was a short or REO)
(One of them was 10212 Lone Dove, went for 775k)*Synopsis…not much… the pendings are slow moving… The active/pending ratio is slowly deteriorating, inventory is moving up slow but steady. Let’s see if it is 5 to 1 by my next post in 2 weeks.
****************
3/5/08
92130
148 actives (4 short, 2REO)
52 pendings (2 short 4 REO)
43 new listings since 2/18/08 (WOW!)
1 new listing is short.
26 new pendings since 2/18/08
4 of the new pendings are REO.
6 expireds since 2/18
1 cancelled since 2/18
10 withdrawns since 2/18 (1 short)
14 solds since 2/18. (2 REO)Musings… Our favorite Caminito Stella sols at 1.625M which was 125k above asking and about 400k below the 2005 sales price, (a nice 20% decline)… Mesa Norte is still pending. There is a HUGE rush of new inventory. Similarly there has been alot of pendings as well. Combine the pendings with the solds, expireds, cancelled and withdrawens and the active/pending ratio is holding strong and even has improved from 2 weeks ago.
Not speculating anything, just stating the facts.
SD Realtor
ParticipantOkay update time
3/5/08
46 actives (14 shorts, 2 REO) Most of the SS have offers according to the comments.
9 pendings (4 shorts, 1 REO)– 7 new actives listed since 2/18
– None of the new actives are shorts or REO!
– 3 new pendings that went pending after 2/18
– 2 of the new pendings are shorts
– 1 of the new pendings is an REO
– 1 expired since 2/18
– 1 cancelled since 2/18 (short sale)
– 1 withdrawn since 2/18
– 2 solds since 2/18 (Neither was a short or REO)
(One of them was 10212 Lone Dove, went for 775k)*Synopsis…not much… the pendings are slow moving… The active/pending ratio is slowly deteriorating, inventory is moving up slow but steady. Let’s see if it is 5 to 1 by my next post in 2 weeks.
****************
3/5/08
92130
148 actives (4 short, 2REO)
52 pendings (2 short 4 REO)
43 new listings since 2/18/08 (WOW!)
1 new listing is short.
26 new pendings since 2/18/08
4 of the new pendings are REO.
6 expireds since 2/18
1 cancelled since 2/18
10 withdrawns since 2/18 (1 short)
14 solds since 2/18. (2 REO)Musings… Our favorite Caminito Stella sols at 1.625M which was 125k above asking and about 400k below the 2005 sales price, (a nice 20% decline)… Mesa Norte is still pending. There is a HUGE rush of new inventory. Similarly there has been alot of pendings as well. Combine the pendings with the solds, expireds, cancelled and withdrawens and the active/pending ratio is holding strong and even has improved from 2 weeks ago.
Not speculating anything, just stating the facts.
SD Realtor
ParticipantOkay update time
3/5/08
46 actives (14 shorts, 2 REO) Most of the SS have offers according to the comments.
9 pendings (4 shorts, 1 REO)– 7 new actives listed since 2/18
– None of the new actives are shorts or REO!
– 3 new pendings that went pending after 2/18
– 2 of the new pendings are shorts
– 1 of the new pendings is an REO
– 1 expired since 2/18
– 1 cancelled since 2/18 (short sale)
– 1 withdrawn since 2/18
– 2 solds since 2/18 (Neither was a short or REO)
(One of them was 10212 Lone Dove, went for 775k)*Synopsis…not much… the pendings are slow moving… The active/pending ratio is slowly deteriorating, inventory is moving up slow but steady. Let’s see if it is 5 to 1 by my next post in 2 weeks.
****************
3/5/08
92130
148 actives (4 short, 2REO)
52 pendings (2 short 4 REO)
43 new listings since 2/18/08 (WOW!)
1 new listing is short.
26 new pendings since 2/18/08
4 of the new pendings are REO.
6 expireds since 2/18
1 cancelled since 2/18
10 withdrawns since 2/18 (1 short)
14 solds since 2/18. (2 REO)Musings… Our favorite Caminito Stella sols at 1.625M which was 125k above asking and about 400k below the 2005 sales price, (a nice 20% decline)… Mesa Norte is still pending. There is a HUGE rush of new inventory. Similarly there has been alot of pendings as well. Combine the pendings with the solds, expireds, cancelled and withdrawens and the active/pending ratio is holding strong and even has improved from 2 weeks ago.
Not speculating anything, just stating the facts.
SD Realtor
ParticipantThere is no argument to that. I think we are all in the know that the situation is such that it may not be possible to let the market correct as it should. We have previously speculated that the domestic investment in leveraged obligations is more then anybody cares to acknowledge and this is the underlying cause (IMO) of any such bailouts, extensions, etc… I do believe this is one of the prime reasons why this depreciation cycle cannot be compared to the one in the 90’s or even the Japanese cycle. To me it is quite a bit worse then either of those because of the underlying leverage problem. I think that in the long run, the government (I lump Bernanke in with all those boobs) will need to lean on bedrock institutions and let others pretty much fend for themselves. In other words, I think mainstream banks will be supported by the federal government in one way or another. Lenders will either need to fend for themselves or possibly allow themselves to be swallowed up by banks. Bond insurers will ultimately get bailed out as well.
JWM I guess we interpret different results from the story. When I read,
“As part of the changes, Bernanke recommended that Congress give new, broader powers to the Federal Housing Administration and to the Department of Housing and Development.
Giving more strength to the national housing market, Bernanke said, “would be facilitated by allowing the FHA the flexibility to offer refinancing products to more borrowers.”
Yes he did go long and hard about basically begging investors to allow loan modifications via principal reductions rather then rate mods, but he also spoke a heck of alot about FHA “modernization.”
In the end, I think we would both agree that he said a whole hell of alot of nothing.
SD Realtor
ParticipantThere is no argument to that. I think we are all in the know that the situation is such that it may not be possible to let the market correct as it should. We have previously speculated that the domestic investment in leveraged obligations is more then anybody cares to acknowledge and this is the underlying cause (IMO) of any such bailouts, extensions, etc… I do believe this is one of the prime reasons why this depreciation cycle cannot be compared to the one in the 90’s or even the Japanese cycle. To me it is quite a bit worse then either of those because of the underlying leverage problem. I think that in the long run, the government (I lump Bernanke in with all those boobs) will need to lean on bedrock institutions and let others pretty much fend for themselves. In other words, I think mainstream banks will be supported by the federal government in one way or another. Lenders will either need to fend for themselves or possibly allow themselves to be swallowed up by banks. Bond insurers will ultimately get bailed out as well.
JWM I guess we interpret different results from the story. When I read,
“As part of the changes, Bernanke recommended that Congress give new, broader powers to the Federal Housing Administration and to the Department of Housing and Development.
Giving more strength to the national housing market, Bernanke said, “would be facilitated by allowing the FHA the flexibility to offer refinancing products to more borrowers.”
Yes he did go long and hard about basically begging investors to allow loan modifications via principal reductions rather then rate mods, but he also spoke a heck of alot about FHA “modernization.”
In the end, I think we would both agree that he said a whole hell of alot of nothing.
SD Realtor
-
AuthorPosts
