Profile picture for Julie Wyss

Have home sales hit some seasonal slippage?

  • January 05 2014 - Sunnyvale
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Answers (5)

This is the time people think about getting into the market, for some strange reason nobody tells them THIS IS THE SPRING MARKET!.  If they list today and get an offer in 47 days and close 45 days later,  Gee!  It looks like a spring sale!
  • January 26 2014
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The inventory in Jan 2014 is very low. It is about 15% off from 2013 Jan which had one of the lowest inventory.   This 'seasonal slippage' resulted in all properties having multiple offers often higher than
lenders want to lend.  Cash offer in $1M+ is often, rent back from buyers since sellers can NOT find housing easily.

While sellers are surprised by the response, there will be more inventory surfacing as those putting off know the amount of price increase will soon taper off. Why wait for later knowing Zillow projected only +4.6% for South Bay(2014 vs +16% during 2013).  

Government just can not wait to raise the interest rate since inflation will reduce the debt with cheaper dollars.  It will be a normal sale. 2014 is a good year for selling or buying.

Sam Shueh
Keller Wms Realty-Cupertino  
  • January 26 2014
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It's easy to say, "Yes," but we had a similar situation a year ago - ooh, prices have been stable for several months, shouldn't I wait? - and prices are up 13% according to Case-Shiller.

I suppose we can always say, "It's safer to wait. Prices may come down." Nobody ever blames you for missing a buying opportunity.
  • January 05 2014
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Profile picture for hpvanc
Only time will tell for sure, but we may be witnessing the start of the echo bubble collapse rather than seasonal slippage. Economic fundamental don't support current prices and very few markets saw an over correction from the original bubble, which may be an indicator that the the 2011-2012 lows will be retested by the echo bubble correction.
  • January 05 2014
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Profile picture for gator70
More than seasonal.

Fundamental issues have put pressure on the recovery such as interest rates, lack of GDP growth, investors from wall street who purchases rental homes, reversing the trend and price increases that make some areas full valued. 
  • January 05 2014
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