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sunny88
ParticipantIt looks like home prices are going up again! Look at this one:
http://www.sdlookup.com/MLS-090007468-4117_Del_Mar_Trails_Rd_San_Diego_CA_92130I think it is a little overpriced….
ParticipantIt looks like home prices are going up again! Look at this one:
http://www.sdlookup.com/MLS-090007468-4117_Del_Mar_Trails_Rd_San_Diego_CA_92130I think it is a little overpriced….
June 30, 2009 at 8:55 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #422830Participant[quote=sdrealtor]I absolutely can say that and just did. I’ll say it again. There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.
Prices are actually rising some places and in some price segmetns. A house down the street from just closed for more than the one next door which was larger with a pool and the one across the street which was also larger with a view did this time last year. Prices on many of the short sales I have in process are lower than what the houses are selling for today. Appraisals keep them from rising too rapidly.[/quote]
You mean one can buy short sales today at lower prices than the actual value?
June 30, 2009 at 8:55 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423061Participant[quote=sdrealtor]I absolutely can say that and just did. I’ll say it again. There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.
Prices are actually rising some places and in some price segmetns. A house down the street from just closed for more than the one next door which was larger with a pool and the one across the street which was also larger with a view did this time last year. Prices on many of the short sales I have in process are lower than what the houses are selling for today. Appraisals keep them from rising too rapidly.[/quote]
You mean one can buy short sales today at lower prices than the actual value?
June 30, 2009 at 8:55 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423338Participant[quote=sdrealtor]I absolutely can say that and just did. I’ll say it again. There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.
Prices are actually rising some places and in some price segmetns. A house down the street from just closed for more than the one next door which was larger with a pool and the one across the street which was also larger with a view did this time last year. Prices on many of the short sales I have in process are lower than what the houses are selling for today. Appraisals keep them from rising too rapidly.[/quote]
You mean one can buy short sales today at lower prices than the actual value?
June 30, 2009 at 8:55 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423406Participant[quote=sdrealtor]I absolutely can say that and just did. I’ll say it again. There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.
Prices are actually rising some places and in some price segmetns. A house down the street from just closed for more than the one next door which was larger with a pool and the one across the street which was also larger with a view did this time last year. Prices on many of the short sales I have in process are lower than what the houses are selling for today. Appraisals keep them from rising too rapidly.[/quote]
You mean one can buy short sales today at lower prices than the actual value?
June 30, 2009 at 8:55 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423568Participant[quote=sdrealtor]I absolutely can say that and just did. I’ll say it again. There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.
Prices are actually rising some places and in some price segmetns. A house down the street from just closed for more than the one next door which was larger with a pool and the one across the street which was also larger with a view did this time last year. Prices on many of the short sales I have in process are lower than what the houses are selling for today. Appraisals keep them from rising too rapidly.[/quote]
You mean one can buy short sales today at lower prices than the actual value?
June 30, 2009 at 8:30 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #422800ParticipantSan Diego County’s home prices in April dropped at the slowest pace in three years, the Standard & Poor’s Case-Shiller Home Price Index showed Tuesday.
The index, which measures resale house prices on a three-month rolling average for 20 metro areas, stood at 144.43 points for San Diego in April, down only 0.13 point from March, the smallest month-to-month change since June 2006, when the index rose 0.46 point from the month before.
On a year-over-year basis, the index was off 20.01 percent from April 2008, the smallest year-over-year decline since February last year.
June 30, 2009 at 8:30 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423032ParticipantSan Diego County’s home prices in April dropped at the slowest pace in three years, the Standard & Poor’s Case-Shiller Home Price Index showed Tuesday.
The index, which measures resale house prices on a three-month rolling average for 20 metro areas, stood at 144.43 points for San Diego in April, down only 0.13 point from March, the smallest month-to-month change since June 2006, when the index rose 0.46 point from the month before.
On a year-over-year basis, the index was off 20.01 percent from April 2008, the smallest year-over-year decline since February last year.
June 30, 2009 at 8:30 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423308ParticipantSan Diego County’s home prices in April dropped at the slowest pace in three years, the Standard & Poor’s Case-Shiller Home Price Index showed Tuesday.
The index, which measures resale house prices on a three-month rolling average for 20 metro areas, stood at 144.43 points for San Diego in April, down only 0.13 point from March, the smallest month-to-month change since June 2006, when the index rose 0.46 point from the month before.
On a year-over-year basis, the index was off 20.01 percent from April 2008, the smallest year-over-year decline since February last year.
June 30, 2009 at 8:30 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423376ParticipantSan Diego County’s home prices in April dropped at the slowest pace in three years, the Standard & Poor’s Case-Shiller Home Price Index showed Tuesday.
The index, which measures resale house prices on a three-month rolling average for 20 metro areas, stood at 144.43 points for San Diego in April, down only 0.13 point from March, the smallest month-to-month change since June 2006, when the index rose 0.46 point from the month before.
On a year-over-year basis, the index was off 20.01 percent from April 2008, the smallest year-over-year decline since February last year.
June 30, 2009 at 8:30 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #423538ParticipantSan Diego County’s home prices in April dropped at the slowest pace in three years, the Standard & Poor’s Case-Shiller Home Price Index showed Tuesday.
The index, which measures resale house prices on a three-month rolling average for 20 metro areas, stood at 144.43 points for San Diego in April, down only 0.13 point from March, the smallest month-to-month change since June 2006, when the index rose 0.46 point from the month before.
On a year-over-year basis, the index was off 20.01 percent from April 2008, the smallest year-over-year decline since February last year.
Participant[quote=waiting for bottom]I know, I know, it’s not the bottom – but I’m in.
Bought in SEH after almost two years of renting. In that time – thanks to this site and all you posters – I saved about 30% and a lot of heartache.
This is definitely not my dream house but will suit us just fine for the next 15 years. The payment is low enough that I could sustain a 33% paycut and still live just the way I do today. It is cheaper than our rent after taxes. The upside is the house is paid off in 10-12 years if the depression doesn’t get us.
With 20% down we still have 6 months reserves to add to a theoretical 6 month severance. Anything after that would involve tapping HELOC, IRA’s or 401k – terrible options but better than starving. If I can’t find a job after 2 or more years, I assume retirement will be the furthest thing from anyones mind anyways.
Again – thanks to all. I will continue to lurk from time to time.[/quote]
Actually, I think we are at the bottom already… congrats!
Participant[quote=waiting for bottom]I know, I know, it’s not the bottom – but I’m in.
Bought in SEH after almost two years of renting. In that time – thanks to this site and all you posters – I saved about 30% and a lot of heartache.
This is definitely not my dream house but will suit us just fine for the next 15 years. The payment is low enough that I could sustain a 33% paycut and still live just the way I do today. It is cheaper than our rent after taxes. The upside is the house is paid off in 10-12 years if the depression doesn’t get us.
With 20% down we still have 6 months reserves to add to a theoretical 6 month severance. Anything after that would involve tapping HELOC, IRA’s or 401k – terrible options but better than starving. If I can’t find a job after 2 or more years, I assume retirement will be the furthest thing from anyones mind anyways.
Again – thanks to all. I will continue to lurk from time to time.[/quote]
Actually, I think we are at the bottom already… congrats!
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