patrick.net

I don't think it will make much difference. Most houses are now getting multiple bidders, there is huge demand to buy right now.

The answer is.... who knows? All I know is that everyone I know who 'was' looking at houses here basically stopped. They simply can't compete. I too wonder if things might shake loose in the spring. The issue is that money has once more simply become too cheap. That's the major reason we bought: it actually made financial sense, which I never thought I'd see. The problem is that this quickly sopped up whatever homes were out there. Sellers are slow to realize shifts, which is why it takes time for them to realize prices are rising and its time to sell or that prices are topped out and its too late to sell.

robertoaribas says

but thinking inventory can suddenly go from 5000 for sale, and multiple offers
to 75,000 for sale, and a glut with price drops...

It's called a major, damaging earthquake.

donjumpsuit says

Now what you are telling me is that it's impossible of those numbers that
there could be 800 listings a month coming up in the future, which would pretty
much be the height of inventory.

I try not to crush people with my opinions, just try to present what I hear,
see, in facts and numbers and let all of us discuss.

Never say impossible but not likely.

robertoaribas says

Not claiming I know everything,

You lie.

Can't speak for up where you are, but here in southern OC, housing that have been sitting on the MLS forever have suddenly raised their asking prices. This is especially true for short sales. Every short sale we were keeping an eye on has gone up in asking price by 15-20% in the last month or so. Sure would indicate that somebody is expecting something to happen.