IHB needs a resident bull on board

NEW -> Contingent Buyer Assistance Program
<p>I saw that too, Anon. Feel entitled much?</p>

<p>I also didn't know that by residing in Newport it was olly olly oxen, free, free, free from the vagaries of life.</p>
 
<p>Anon - the comment was not at you, but commenting on the woman in the article as being entitled to home value, a loan, etc.</p>

<p>Sorry that I didn't make that more clear. </p>
 
<a href="http://lansner.freedomblogging.com/2008/04/04/pricing-bottom-getting-close-south-oc-agent-says/">Pricing bottom getting close, South OC agent says


</a><em>South Orange County real estate blogger Vincent Bindi (pictured right) reported recently what we’ve been hearing from a number of O.C. real estate agents: signs that the local housing market is starting to pick up a tic from the moribund doldrums that hit following the late-summer credit crunch. Specifically, many agents speak of rising escrows amid falling prices, with some bidding wars erupting.





Bindi, an agent with Keller-Williams Realty who regularly analyzes South County housing numbers, picked up that trend as well. He cites rising escrows and stable inventories, while projecting that prices will drop about 10% more. He writes:





<strong>“I’m not ready to ring the bell declaring that the bottom of the pricing cycle has been reached, but I think we are getting close. </strong>The Months of Inventory which is a 6 to 8 month leading indicator for eventual pricing, is showing signs of strength. … The total Months of Inventory for all price ranges has dropped to 7 months, whereas for most 2006, Months of Inventory was at 8 to 9 months. In addition, the Months of Inventory for the lowest price range (less than $450K) is leading the way to new lows (a good thing), and is now at 5 Months!





“Also … the number of homes in escrow has risen sharply in the past several months, while the number of homes for sale has remained flat, which is unusual for this time of the year. In years gone by, the number of homes for sale would have risen sharply by now. I think this is due to many discretionary sellers (non-bank REO and non-short sale) making the decision to sit this market out and not sell now.





“I do expect the Months of Inventory to jump back up as summer approaches, but so far this is a very good sign. There are still lots of buyers in this marketplace, albeit most of them are still scared to buy. But when a low-priced bank REO comes on the market for sale, you will sometimes find 7 to 9 offers in the first 2 days.





“Our time sensitive Price per Square Foot indicator graph is still heading lower but at a slower rate recently. I still expect this graph to flatten out at about the $300-per-square-foot range (another 10% or so).”</em>





Not ready to declare the bottom? Why not - <a href="http://www.ocrealestateblog.com/blog/_archives/2007/2/26/2766985.html"><strong>he called the bottom last February</strong></a>
 
Snapping up U.S. homes

Overseas investors set to pounce on troubled markets, seeking bargains



http://www.marketwatch.com/news/story/overseas-investors-set-pounce-troubled/story.aspx?guid=3CA73DC4-2B04-474A-810E-0B7B2A06836E&siteid=e2eyahoo
 
Where Home Prices Are Holding Up

http://online.wsj.com/article/SB121122333682304367.html?mod=hps_us_at_glance_pj



Parts of Newport Beach, one of Orange County's poshest addresses, are up as much as 67% to $2.75 million.



Editied to add:

At the luxury end, home prices are falling

http://www.latimes.com/business/la-fi-homes20-2008may20,0,4081478.story?page=2

In Newport Beach, the coastal 92663 ZIP Code saw an April price increase of 66%, to $2.49 million, DataQuick said. However, only 10 homes were sold, which means that a few extraordinary transactions could account for dramatic percentage changes.
 
California Home Market Shows First Signs of Recovery (Update3)



http://www.bloomberg.com/apps/news?pid=20601110&sid=a8fFC76jwuI8





June 18 (Bloomberg) -- The California housing market may be showing the first signs of a recovery after three years of declining sales and two years of rising foreclosures, the UCLA Anderson Forecast said today.
 
Oh thank goodness. We'd better get out there and buy before the market shoots up again like a rocket and we are all priced out forever. I was planning on going to the beer tasting at Kimera, but I'd better start scouring the real estate section before my dream home gets away.
 
Retirees Find the Time May Be Right to Buy

http://www.nytimes.com/2008/06/27/greathomesanddestinations/27retiree.html?_r=1&8dpc&oref;=slogin
 
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