熊眼看房市 2010

Diffusion

昨天才被投资房产的抢了房子，bid above the listing price with 50% downpayment
majong 发表于 2010-4-13 17:52

    I heard many stories about "cash offers", 20K above listing price. It appears that the price is "right" at some market.

Diffusion

sure, 'cuz it's cheaper. If buyers prefer cheaper forclosures, the more forclosures, the harder fo ...
draguide 发表于 2010-4-13 17:48

    I meant to say that normal home owners won't sell in this market, which will reduce the inventory. I cited Feb data because it is the first time in months that we see foreclosure rate dropped, there will be up and down but I take it as a sign that things are turning a little bit.

CoolMax

housing market is very local.   California is very different than the USA in a whole, bay area is ve ...
mikeqc 发表于 2010-4-13 07:02 PM

For SV, that's a different story.

Typically, people or their parents paid off their house year ago, and keep their very low tax bases.

If they re-sell the house, tax base will get reset which it is a lot higher.

In these cases, people likes to rent it out than sell it.

I have a very good artical talk about it. I will post it later.

CoolMax

I meant to say that normal home owners won't sell in this market, which will reduce the in ...
Diffusion 发表于 2010-4-13 07:25 PM

It doesn't matter, banks have lots REOs. which will flood market once they release it.

If you know the fact that REOs sales weights about half of total sales. you know what I mean.

I got tired you use some extreme cases against my broad market cases.
You can always found some corner cases, but are you that lucky guy?

I dont' think your data is correct too.

CoolMax

I heard many stories about "cash offers", 20K above listing price. It appears that the pri ...
Diffusion 发表于 2010-4-13 07:22 PM

En, stories, from realtor's mouth?

I have to say that buyer is stupid! if it is true.

excuse my words.

菜刀

回复 18# xiaoxin@ca


    这在哪个州哪个市？

Diffusion

It doesn't matter, banks have lots REOs. which will flood market once they release it.

If you ...
CoolMax 发表于 2010-4-13 19:28

    Not me, the $99 single house is the real corner case. The data I posted here are also measurement of the broad market. The news stories, by definition, have to be isolated single cases.

Diffusion

En, stories, from realtor's mouth?

I have to say that buyer is stupid! if it is true.
...
CoolMax 发表于 2010-4-13 19:34

    I'm OK as far as I'm not that buyer.

Not from realtors, from friends...

CoolMax

I heard many stories about "cash offers", 20K above listing price. It appears that the pri ...
Diffusion 发表于 2010-4-13 07:22 PM

你不会太幼稚吧？

Listing Price means nothing。

If listing price is lower than fair market by 40k, so the sale price is above listing price by 20k, actually it is 20k discount.

Diffusion

你不会太幼稚吧？

Listing Price means nothing。

If listing price is lower than fair market  ...
CoolMax 发表于 2010-4-13 19:39

    Many first time buyers use listing price as the base of their offering price. Don't laugh at me, I'm talking about ordinary buyers here.

CoolMax

Many first time buyers use listing price as the base of their offering price. Don't laugh  ...
Diffusion 发表于 2010-4-13 07:41 PM

NND,你今天是准备跟我抬杠到底了。是不？

They should fire their agency immediately!

Diffusion

NND,你今天是准备跟我抬杠到底了。是不？
CoolMax 发表于 2010-4-13 19:44

    OK, 收兵回朝鸟。

ranchgirl

My reit mutual fund up 2.51% today.

This is the best sector in my portfolio.

layschips

Morgan Stanley Property Fund Faces $5.4 Billion Loss

"Morgan Stanley has told investors in its $8.8 billion real-estate fund that it may lose nearly two-thirds of its money from bum property investments, according to fund documents reviewed by The Wall Street Journal."

真有钱，玩得起