Author Topic: When would be next housing Bottom?  (Read 130396 times)

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Offline Mety

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Re: When would be next housing Bottom?
« Reply #660 on: June 24, 2019, 11:14:12 AM »

Trump is going down the list on trade.  After China he is now targeting India, and already gave Japan 6 month heads up.  I don't really buy the claim that auto/auto parts import is a threat to US national security, but others point to US auto makers exiting the sedan business as German/Japanese victory 50 years in the making.  Well, my wife's Acura is made in Ohio, and the Lexus ES 350 I'm looking at is made in Kentucky.

Regardless of analyst predictions, I'm not waiting until 2020 or 2021.  Selling 2 more investment properties this summer as I type.

Shall we say, for the MAXROI?

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Re: When would be next housing Bottom?
« Reply #661 on: June 24, 2019, 11:17:50 AM »

Trump is going down the list on trade.  After China he is now targeting India, and already gave Japan 6 month heads up.  I don't really buy the claim that auto/auto parts import is a threat to US national security, but others point to US auto makers exiting the sedan business as German/Japanese victory 50 years in the making.  Well, my wife's Acura is made in Ohio, and the Lexus ES 350 I'm looking at is made in Kentucky.

Regardless of analyst predictions, I'm not waiting until 2020 or 2021.  Selling 2 more investment properties this summer as I type.

Shall we say, for the MAXROI?

It’s more like textbook rotation of investment

Offline WTTCHMN

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Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014
« Reply #662 on: July 09, 2019, 09:19:11 AM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #663 on: July 09, 2019, 11:59:43 AM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

You posted something like this already.

Sales volume is down but prices are same or higher.
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Offline WTTCHMN

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Re: When would be next housing Bottom?
« Reply #664 on: July 09, 2019, 01:08:51 PM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

You posted something like this already.

Sales volume is down but prices are same or higher.

That was for April.  This is for May.

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Offline meccos12

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Re: When would be next housing Bottom?
« Reply #665 on: July 09, 2019, 02:01:10 PM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

You posted something like this already.

Sales volume is down but prices are same or higher.

The article shows two zipcodes with small sales volume having small increases in price (3.9% and 1.3%), but every other zipcode in Irvine had price drops, some up to 11%.  Not sure how you got that prices are same or higher. 

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Offline JohnT

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Re: When would be next housing Bottom?
« Reply #666 on: July 09, 2019, 03:35:17 PM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

You posted something like this already.

Sales volume is down but prices are same or higher.

The article shows two zipcodes with small sales volume having small increases in price (3.9% and 1.3%), but every other zipcode in Irvine had price drops, some up to 11%.  Not sure how you got that prices are same or higher.

As a buyer I’ve been feeling from agents/sellers that things are slowing down. More price drops recently and agents showing homes mentioning that the seller thinks we can come in lower on an offer and work something out. Before earlier in the year it seemed like sellers didn’t want to budge on the asking price when we inquired regarding motivation.

That’s why we’re being patient and waiting for the right place to come on the market for us.

Offline Mety

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Re: When would be next housing Bottom?
« Reply #667 on: July 09, 2019, 03:45:30 PM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

You posted something like this already.

Sales volume is down but prices are same or higher.

The article shows two zipcodes with small sales volume having small increases in price (3.9% and 1.3%), but every other zipcode in Irvine had price drops, some up to 11%.  Not sure how you got that prices are same or higher.

As a buyer I’ve been feeling from agents/sellers that things are slowing down. More price drops recently and agents showing homes mentioning that the seller thinks we can come in lower on an offer and work something out. Before earlier in the year it seemed like sellers didn’t want to budge on the asking price when we inquired regarding motivation.

That’s why we’re being patient and waiting for the right place to come on the market for us.

I'm also sensing a bit of slowness. The sellers would still want to get MAXROI so they're pretty stubborn, but once the property sits on the market for 30+ days, there has to be a negotiation. Remember, this is supposed to be the hottest selling time of the year, but it doesn't seem that hot. Real good ones (good condition + good price) are still going fast though.

Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #668 on: July 09, 2019, 04:10:42 PM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

You posted something like this already.

Sales volume is down but prices are same or higher.

The article shows two zipcodes with small sales volume having small increases in price (3.9% and 1.3%), but every other zipcode in Irvine had price drops, some up to 11%.  Not sure how you got that prices are same or higher.

I was referring to the previous post on this when I was able to view the article (quoted above), which you did not reply to.

I can’t get through the OCR paywall to look at these numbers, maybe someone can post a copy.
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
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Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #669 on: July 09, 2019, 04:56:19 PM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

You posted something like this already.

Sales volume is down but prices are same or higher.

That was for April.  This is for May.

Oh ok.

Let’s see what the June and July articles say. Most current data shows same median sales price as last year despite over a 25% drop in volume which is surprising.

So for those who can view the May article, what’s the average price drop for Irvine?
Once you go 3-car garage... your junk can never go back.
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Offline irvineband

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Re: When would be next housing Bottom?
« Reply #670 on: July 09, 2019, 07:25:53 PM »
We bottomed already in December woth stocks. The housing market is lagging on the return back. Buy now or be priced out forever!

Offline meccos12

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Re: When would be next housing Bottom?
« Reply #671 on: July 10, 2019, 08:13:40 AM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

You posted something like this already.

Sales volume is down but prices are same or higher.

The article shows two zipcodes with small sales volume having small increases in price (3.9% and 1.3%), but every other zipcode in Irvine had price drops, some up to 11%.  Not sure how you got that prices are same or higher.

I was referring to the previous post on this when I was able to view the article (quoted above), which you did not reply to.

I can’t get through the OCR paywall to look at these numbers, maybe someone can post a copy.

The article quoted above which you referenced is showing the price drops.  So tell me how prices are either flat or rising? 

Offline lnc

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Re: When would be next housing Bottom?
« Reply #672 on: July 10, 2019, 08:26:44 AM »

Quote
The housing market is about to shift in a bad way for buyers

The housing shortage that fueled competition and resulted in sky-high price gains throughout 2017 and the first half of 2018 is on the horizon yet again, and supply could potentially hit a new low.

The number of for-sale listings was up 2.8% annually in June, but that was down from May’s 2.9% gain. Inventory gains began to slow this year from 6.4% growth in January to 5.8% in February.

Gains continued to slow throughout the spring and supply is now expected to flatten over the next three months and could hit its first decline in October of this year, according to realtor.com

https://www.cnbc.com/2019/07/09/the-housing-market-is-about-to-shift-in-a-bad-way-for-buyers.html

Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #673 on: July 10, 2019, 09:12:26 AM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

You posted something like this already.

Sales volume is down but prices are same or higher.

The article shows two zipcodes with small sales volume having small increases in price (3.9% and 1.3%), but every other zipcode in Irvine had price drops, some up to 11%.  Not sure how you got that prices are same or higher.

I was referring to the previous post on this when I was able to view the article (quoted above), which you did not reply to.

I can’t get through the OCR paywall to look at these numbers, maybe someone can post a copy.

The article quoted above which you referenced is showing the price drops.

Read my previous post about the April article, that's what I was referring to because I couldn't view the May article that you are referencing. Does Mety need to explain that to you?

Quote
So tell me how prices are either flat or rising? 

I said prices are the same or higher (as shown in the April article).

Have you looked at the recent prices? July median, according to Trulia, is the same as last year.

And I didn't say "rising"... you are twisting my words to imply something that I did not say.
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
member: Soylent Green Is People (loans/refis)

Offline Mety

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Re: When would be next housing Bottom?
« Reply #674 on: July 10, 2019, 09:35:03 AM »
Irvine, Tustin home sales fall 11%; countywide pace slowest since 2014 but IHO says it's just seasonal

https://www.ocregister.com/2019/07/08/irvine-tustin-home-sales-fall-11-countywide-pace-slowest-since-2014/

You posted something like this already.

Sales volume is down but prices are same or higher.

The article shows two zipcodes with small sales volume having small increases in price (3.9% and 1.3%), but every other zipcode in Irvine had price drops, some up to 11%.  Not sure how you got that prices are same or higher.

I was referring to the previous post on this when I was able to view the article (quoted above), which you did not reply to.

I can’t get through the OCR paywall to look at these numbers, maybe someone can post a copy.

The article quoted above which you referenced is showing the price drops.

Read my previous post about the April article, that's what I was referring to because I couldn't view the May article that you are referencing. Does Mety need to explain that to you?


Mety doesn't need to explain because he makes his statements clear every time.. sometimes with some entertainment purposes only...

 

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