[sdrealtor]

ZK,
I dont disagree that prices will come down though with int rates dropping the resets arent looking all that bad right now. My point is that most of CV will be spending well through a recession in the means they are accustomed to. A dropping home value wont stop a successfult doc from upgrading his plasma or trading in his Benz every 2 or 3 years.

[sdrealtor]

LAR,
CV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times. Your comments from 100+ miles away show a lack of understanding of this area. Most of these folks are fiscally conservative and living well within their means with deep war chests.

They cant get what they want so they just hold onto the property whether they stay in it or rent it our for which demand is and always will be very strong. While volume will be much lower the only real suffering will be among the Realtors focusing on this area.

[sdrealtor]

LAR,
CV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times. Your comments from 100+ miles away show a lack of understanding of this area. Most of these folks are fiscally conservative and living well within their means with deep war chests.

They cant get what they want so they just hold onto the property whether they stay in it or rent it our for which demand is and always will be very strong. While volume will be much lower the only real suffering will be among the Realtors focusing on this area.

[sdrealtor]

LAR,
CV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times. Your comments from 100+ miles away show a lack of understanding of this area. Most of these folks are fiscally conservative and living well within their means with deep war chests.

They cant get what they want so they just hold onto the property whether they stay in it or rent it our for which demand is and always will be very strong. While volume will be much lower the only real suffering will be among the Realtors focusing on this area.

[sdrealtor]

LAR,
CV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times. Your comments from 100+ miles away show a lack of understanding of this area. Most of these folks are fiscally conservative and living well within their means with deep war chests.

They cant get what they want so they just hold onto the property whether they stay in it or rent it our for which demand is and always will be very strong. While volume will be much lower the only real suffering will be among the Realtors focusing on this area.

[sdrealtor]

LAR,
CV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times. Your comments from 100+ miles away show a lack of understanding of this area. Most of these folks are fiscally conservative and living well within their means with deep war chests.

They cant get what they want so they just hold onto the property whether they stay in it or rent it our for which demand is and always will be very strong. While volume will be much lower the only real suffering will be among the Realtors focusing on this area.

[sdrealtor]

yep that about covers it

[sdrealtor]

yep that about covers it

[sdrealtor]

yep that about covers it

[sdrealtor]

yep that about covers it

[sdrealtor]

yep that about covers it

[sdrealtor]

Russ
I stopped tracking this one after the first but since I only missed a couple weeks it’s easy to pick up where I left off.

Active inventory is at 126 which is lower than it ws at any point in time in 2007. This time last year it was 156. Pendings are at 32 which is also lower. This time last year it was at 52.

Prices have fallen modestly there and will probably stabilize a bit due to the season upswing in demand and lack of inventory. As in my area people are digging in. Lower interest rates, rising loan limits and checks from Unky Sammy will only help them do so. No chunking down has happened there nor will it anytime soon. Overall I expect another 5 to 10% decline this year with most of it coming after July.

[sdrealtor]

Russ
I stopped tracking this one after the first but since I only missed a couple weeks it’s easy to pick up where I left off.

Active inventory is at 126 which is lower than it ws at any point in time in 2007. This time last year it was 156. Pendings are at 32 which is also lower. This time last year it was at 52.

Prices have fallen modestly there and will probably stabilize a bit due to the season upswing in demand and lack of inventory. As in my area people are digging in. Lower interest rates, rising loan limits and checks from Unky Sammy will only help them do so. No chunking down has happened there nor will it anytime soon. Overall I expect another 5 to 10% decline this year with most of it coming after July.

[sdrealtor]

Russ
I stopped tracking this one after the first but since I only missed a couple weeks it’s easy to pick up where I left off.

Active inventory is at 126 which is lower than it ws at any point in time in 2007. This time last year it was 156. Pendings are at 32 which is also lower. This time last year it was at 52.

Prices have fallen modestly there and will probably stabilize a bit due to the season upswing in demand and lack of inventory. As in my area people are digging in. Lower interest rates, rising loan limits and checks from Unky Sammy will only help them do so. No chunking down has happened there nor will it anytime soon. Overall I expect another 5 to 10% decline this year with most of it coming after July.

[sdrealtor]

Russ
I stopped tracking this one after the first but since I only missed a couple weeks it’s easy to pick up where I left off.

Active inventory is at 126 which is lower than it ws at any point in time in 2007. This time last year it was 156. Pendings are at 32 which is also lower. This time last year it was at 52.

Prices have fallen modestly there and will probably stabilize a bit due to the season upswing in demand and lack of inventory. As in my area people are digging in. Lower interest rates, rising loan limits and checks from Unky Sammy will only help them do so. No chunking down has happened there nor will it anytime soon. Overall I expect another 5 to 10% decline this year with most of it coming after July.

[Author]

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