tag:blogger.com,1999:blog-4622411633995176328.post6766827276176163172..comments2023-09-29T04:22:59.719-07:00Comments on Average Buyer: Nov-Dec 2008 Month's Inventory for Sacramento Metro AreaBuying Timehttp://www.blogger.com/profile/04651516505789196067noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4622411633995176328.post-41871374732812537972008-12-30T20:03:00.000-08:002008-12-30T20:03:00.000-08:00Hey Gwen. You might be right. And I don't suppos...Hey Gwen. You might be right. And I don't suppose that higher unemployment is going to help the rental market either. I sobbed a little for the hapless RE investor just now as I typed that.2centshttps://www.blogger.com/profile/15886849689530774625noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-67464804858173020112008-12-30T10:40:00.000-08:002008-12-30T10:40:00.000-08:001137,OK it's not just me then that is seeing the s...1137,<BR/><BR/>OK it's not just me then that is seeing the shift in the east sac listings. It seems they are getting their first whiff of desparation.<BR/><BR/>Now if those zipcodes get hit in any meaningful way (which is unavoidable imo), then watch what happens to places where there was a flurry of foreclosure buying recently. They'll get a second dip down (ouch) and the ROIs crack beyond repair unless they plan to hold longgggggggggg (second ouch).Deflationary Janehttps://www.blogger.com/profile/05567875697563069042noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-73690671028986603812008-12-29T12:39:00.000-08:002008-12-29T12:39:00.000-08:00I'm seeing more foreclosures in midtown/East Sac, ...I'm seeing more foreclosures in midtown/East Sac, and I think the stock market collapse is going to thin the pool of buyers for higher-priced homes.2centshttps://www.blogger.com/profile/15886849689530774625noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-84974995924768613502008-12-29T11:26:00.000-08:002008-12-29T11:26:00.000-08:00I'm glad you posted this. It felt like inventory ...I'm glad you posted this. It felt like inventory was dropping in the neighborhoods that I look in. I'm also not seeing the same amount of good deals in the last 2 months or so. <BR/><BR/>Are the banks hanging on to inventory? The market doesn't make sense to me right now. Housing tracker shows median asking prices up for the last 6 weeks, not by much, but up.Anonymousnoreply@blogger.com