Another Look at the June Rise in Pending Home Sales
The number of existing homes entering the purchase contract stage during June rose 5.3 percent after a downwardly revised decline of 4.9 percent in May. Sounds good at first blush, but, in San Diego and most other housing bubble areas, it is estimated that One-third of all home sales are now distressed properties.
On a year-over-year basis, pending home sales are DOWN 12.3 percent.
The real key for the San Diego housing market is NOT home sales, but, home prices! To me, today's San Diego anemic housing activity indicates that home prices will continue their fall and even accelerate in Winter as home prices approach 50% of their 2005 highs in many communities. San Diego income property sales
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So where can I get a cheap house? I’ll be happy to take a distressed property if the price is right. Hoodia Diets
The housing market peaked around 2005-2006. A lot of 5-year fixed interest-only loans will reset in 2010-2011. That means more foreclosures in the future. San Diego Investment Real Estate
The perfect storm of a complete financial collapse is a couple months away. Be ready for a wild ride! San Diego Hotel Rates
Compare the value of Real Estate in Palo Alto to the DotCom stocks … Real Estate will start ticking back up in the next year or 2 … Anyone think Priceline.com will ever be worth a tenth of it’s former high? Houston TX Attorneys
I have followed this blog for about 4 years – everything it predicted is coming true San Diego Legal Advice
Property prices are only beginning to tumble. They will stabilize when they finally hit or surpass equilibrium value as determined by their P/E Ratio. Ft Lauderdale FL Bailbondsman
In the long term real estate always bounces back and people should take advantage of these slow periods if they really want to get a good return on their investments. San Diego Cosmetic Dentists
It seems San Diego has gone from boom to bust overnight. San Diego Cosmetic Surgery