Comments on: San Diego MSA Housing Report — Severe Supply/Demand Imblance

By: Alton Langwell

Alton Langwell — Tue, 22 Dec 2009 21:43:01 +0000

I lately came across your blog and have been learning along. I thought I would leave my first comment. I don

By: reo service san diego

reo service san diego — Mon, 19 Oct 2009 07:58:07 +0000

Wow what a important analysis, shapely dot on pent-up needle. I have of a group of family who would remit directly if prices went buildup a bit.It’s amiable of dote on the cattle sell – sometimes you fitting rule essential plummet assent it’s bag to thump back unraveling. But when you take up certain keeps dropping you’re direct to commit on item rally, planate when you earlier refused to dole out at a elder price!

By: Viv

Viv — Sat, 25 Apr 2009 09:04:45 +0000

Awesome work Mark, you keep producing gold day in, day out.

By: John

John — Wed, 22 Apr 2009 15:19:28 +0000

Mark,

Great post.

Q1: Would you please define the “low-end,” “middle” and “high-end” properties in terms of the dollar value?

It appears you have five-tiers:
a. $75,000 to $200,000;
b. $201,000 to $400,000;
c. $401,000 to $650,000,
d. $651,000 to $1,000,000;
e. $1,001,000 to higher (not mentioned in the charts).

Q2: Won’t these tiers vary depending on the location? For example, a $425K single family residence in Orange County is different from a $425,000 SFR in Fresno.

Cheers.

By: JAllen

JAllen — Wed, 22 Apr 2009 08:29:38 +0000

Mr. Mortgage said: Mid-to-upper end housing markets will lead the downside in 2009.

My comment: Carmel Valley, Here I come!

By: Aarchan

Aarchan — Wed, 22 Apr 2009 05:54:05 +0000

Mark,

Thanks for your post.

?: Is it possible to track what is going on geographically in say Manhattan Beach to see what the foreclosure pipeline looks like?

By: JAllen

JAllen — Wed, 22 Apr 2009 04:55:13 +0000

Mr. M, Another AAA rated post!

Q: With M2M suspended, won’t banks have less desire/need to hold back shadow inventory to shore up their balance sheet?

JAllen

By: sdbri

sdbri — Wed, 22 Apr 2009 00:39:04 +0000

Wow what a great analysis, excellent point on pent-up demand. I know of a lot of people who would sell immediately if prices went up a bit.

It’s kind of like the stock market – sometimes you just watch it fall thinking it’s going to bounce back up. But when you see it keeps dropping you’re willing to sell on any rally, even when you earlier refused to sell at a higher price!

People with even a few percent equity are in a bind because of closing costs and commission. Some people are worried about the economy and are actually better off taking the 12 months of free rent (and keeping it), if all they’ll get from selling is breaking even at zero. The equation has really changed for people, and I’ve seen a lot of this first hand.

By: BarbP

BarbP — Wed, 22 Apr 2009 00:20:27 +0000

Hi, Mark:

Thanks for the great posts.

One question– I am hearing rumors here and there of the REOs never making it to the public market, but instead being sold in blocks to “investors”. Some rumor-age has it that these investors will not resell them, but rather rent them out.

Do you have any visibility/comments on this?

By: HHB

HHB — Tue, 21 Apr 2009 14:33:33 +0000

Great post. One question though. Wouldn’t it be better to say ‘Current Value’ instead of ‘Present Value’? Present Value conjures up thoughts of discounting future payments at the current interest rate.

Just a thought given the target market for your research.