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1   AD   2020 Jun 22, 10:47am  

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However, the lastest data for this week compared to the beginning of June seems to show a positive trend for housing payments.

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https://dsnews.com/daily-dose/06-19-2020/mortgage-forbearances-down-by-57000

"The latest data (June 22) from the Black Knight McDash Flash Forbearance Tracker shows that the number of mortgages in active forbearance fell for the third week in a row. Overall, the number of active forbearance plans is down 57,000 from last week and 158,000 from the peak the week of May 22."

"Some 6.8% of all GSE-backed loans and 12.1% of all FHA/VA loans are currently in forbearance plans."

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2   RC2006   2020 Jun 22, 2:29pm  

I've seen a large jump in listing from last month to this month in the area I'm always watching. Crash hitting soon I think, if I was single I'd sell and rent an apartment right now.
3   RC2006   2020 Jun 22, 3:11pm  

Boise ID, Santa Clarita CA
4   AD   2020 Jun 22, 3:29pm  

...

RC2006 says
Boise ID, Santa Clarita CA


We shall see as Zillow's reporting catches up with the latest trends.

https://www.zillow.com/boise-id/home-values/

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5   B.A.C.A.H.   2020 Jun 22, 4:09pm  

We had a drier than normal wet season, just wet enough for lots of fuel to grow, but dry enough to make the whole state a freaking tinderbox.
6   WookieMan   2020 Jun 22, 5:40pm  

DILLIGAF says
Newbie123 says
rocket fuel for the market


And when the rocket runs out of fuel ? It will eventually run out of fuel - it always does.

What if it's a solar rocket?
7   AD   2020 Jun 22, 5:46pm  

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Newbie123 says
In SoCal we have historic low inventory.


What happens when demand drops as a large amount of the local population move out while supply remains constant ?

This could be because of work from home (WFH) policies as well as a significant decline in number of jobs in the Southern California area, whereas people move out to states like Nevada and Arizona.

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8   anonymous   2020 Jun 22, 6:15pm  

What if...remote working was Google's and Facebook's way of making it cheaper to work in the Bay Area in the long run...They could buy SFH and redevelop them into apartment buildings.
9   AD   2020 Jun 22, 6:35pm  

Newbie123 says
Somehow there are always a ton of people here that want to buy houses and if they can’t make it by themselves they get 3 families together and buy a large house, duplex or whatever.


What are the likely demographics for that arrangement of 3 families living in a large house ? How does the appearance of the house look a few years after they move in ?
How many cars will be parked in front ?

Yes, lower sales does not mean lower prices. It comes down to demand versus supply and equilibrium price. In February 2012, the Zillow Home Value Index finally bottomed to $224,000 for Riverside, CA due to the 2008-2010 housing crash. The Zillow Home Value for Riverside now is $427,000 :-/

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