8 Comments

1. 

   Jim the Realtor on February 3, 2014 at 10:13 am

   Questions from the previous post:

   1. When will the standoff end between patient buyers and OPTs?

   2. In your opinion(s), what will be the effect of the FHA’s lower limits in North County Coastal — 20% down? What have you already seen?

   Thanks. Chris

   3. When will we see more houses for sale?

   4. Upcoming and declining neighborhoods:

   We have a significant local variation in market conditions on the neighborhood scale. Buyers are attracted to neighborhoods with newer houses, better schools, and closer to employment centers. What do you see in the future as to which neighborhoods of San Diego county will be growing in popularity and which are destined to slowly decline?

   5. Given the current state of the market and the economy in general, what would it take to have another minor decline in the real estate market? Something on the scale of the First-Time Homebuyer Credit expiration event that caused a decline at the end of 2010 and lasted until the end of 2011. Do you think raising interest rates may cause that?

   6. Rich’s recent post lays out the numbers suggesting that homes in SD may be overpriced but that we probably aren’t (yet) looking at another bubble. But although aggregate home prices are still 20% below peak, some zip codes have already blown past peak prices. Based on price to rent or other indicators, what SD county neighborhoods are most likely overpriced/inflated? Relative bargains?

2. 

   Kwaping on February 3, 2014 at 11:17 am

   I’m considering moving up north for my job in late-summer of this year. Would it be best to sell during the spring and rent until then, or wait until I’m really ready to move and then work on selling?

3. 

   SD Squatter on February 3, 2014 at 11:23 am

   If one is not desperate for a place to live right now, what would you say to such person:

   “Buy now, or be priced-out forever.”

   or:
   “Continue fence-sitting, housing is overpriced again and will come down soon.”

4. 

   JaytheRealtorWannabe on February 3, 2014 at 5:15 pm

   All the wealth building books out there advise to “never sell a house” when you move up to a bigger house, just rent it instead. In addition, families who are slightly underwater are choosing to rent out their house for a few years hoping for the rising price trend to take them back into the black and then some.

   Does the increase of mom-n-pop landlords, “accidental” or otherwise, explain a lot of the inventory shortage?

5. 

   W.C. Varones on February 3, 2014 at 5:29 pm

   Jumbo rates back to 4.125%.

   Yee-haaaa!

   I’m thinking we plateau in the desirable areas. If you didn’t get shaken out by the last crash, you’re not going to get shaken out now.

   Want a nice house in a prime NSDCC neighborhood? Better be thinking seven figures.

6. 

   guest on February 3, 2014 at 8:06 pm

   How do i join this google+ hangout?

7. 

   avgjoe on February 4, 2014 at 5:45 am

   real estate is undervalued by 25% according to an expert analysis done at a major southern ca university.

8. 

   andrewa on February 4, 2014 at 1:23 pm

   @avgjoe,

   HOW many more dollars have been printed since the crash of 2008 or even since 2012? Expect them all to come home to roost on house prices.