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SittingInCash, I really can't fathom how you would think such a trend to be supportive of home prices. What you are describing is basically more people per household. If you have more people per house you need fewer houses for a given number of people. That means a contraction of aggregate...

In order to have a dead cat bounce, don't you first need a bounce? Sales are still running at like half the historical average.

Higher priced places like Irvine will fall less than some other bubble areas. But only because, and to the extent that, they did not become as inflated in the first place.

First, the rate of decline is still quite rapid. 1.4% per month is about 15% per year. Second, Case Shiller is seasonal. During the summer the index increases faster during booms and decreases slower during busts. Don't take my word for it go look at the <a...

HB Bear, Just ask yourself this. If you and Mrs Bear knew for sure, beyond any reasonable doubt, Vishnu-himself-comes-down-from-heaven-and-proclaims, that you will be able to pick up a comparable home in West HB for 20% (or more) less in two years than if you bought now, would you still buy...

25w100k+, You are not missing anything. Falling prices are good for everybody who expects to be a net buyer of housing over the course of the rest of their lives, which includes most renters and current owners. Falling prices are bad mainly only for those who plan to downsize or sell and rent...

Tread <a href="http://en.wikipedia.org/wiki/Sample_size">carefully</a>, friends.

If you wait until your daughter's 5th birthday, you will be able to comfortably afford a nice home in Irvine. Probably not an SFR in Orchard Hills or Portola Springs, but somewhere. Just keep reminding yourself how high the stakes are. Just in the last year a typical OC home has lost enough...

CapitalismWorks original point that higher gas prices will enhance locational premiums is valid. But effects like this one are a couple orders of magnitude less important to prices than the recent economic bubble and how the deflation of said plays out. There are about 850,000...

Of course, short sales that look like a great deal relative to comps don't always go off. But still... On this very forum 18 months ago, someone posted about their recent purchase of a 1030 sf Woodbury condo for $513,000 ($498 / sf). As I recall it sparked a spirited debate about whether...

Income schmincome. Good grief people. Irivine home prices are overvalued compared to Irvine rents. Just like they are in Beverly Hills, Moreno Valley, Phoenix, Las Vegas, etc, etc. Prices will keep falling until it's cheaper to buy then rent. I agree though that his fall and next year...