patrick.net

HelloKitty,

From discussion of leading indicators at Calculated Risk - the surveys produced by the National Association of Home Builders appear to be an accurate marker of turning points in housing.

Their scoring breaks pessimistic or optimistic several months in advance of major directional changes and, theoretically at least, give you and I and all our friends a heads-up when everyone else is dozing.

When I see four consecutive upticks in the survey, I'll be fairly confident we've cleared the markets and are in recovery.

Boston Transplant,

Now I'm sorry I asked. Urban Dictionary is in fact a favorite reference site if mine, but of course it has more expressions than anyone could learn in a lifetime. And not watching MTV is not helping me.

I meant to mention, the surveys are reported with regional figures, with CA included in a broad 'western' category. I don't know if the data specifically for SF is available for 'drilling down' to your local information.

Clearly, SF and environs are following their own timetable.

Dennis N,

New slogan: Come to busty California

Owee, I just made an original slogan. Neither yahoo nor google show any matches. Therefore it must not exist :-)

Thanks to DennisN for providing the inspiration.

"Come to busty california"

Here's a question: I'm thinking it might start to become a good time to buy a condo in Florida, or at least browse around and get a feel for how the market is developing there..

What is the best web site to use? Trulia certainly covers Florisa, but the maps do not un-zoom outside each metro area, and I have a hard time gaining a perspective of the place.

"Don't be a boob: come to busty California."

OT,

I just went onto Zillow after remembering that it was a topic of earlier conversation. We all know about Zillow, the one way valuations, up. (NOT !)
Anyway, the house in which I was raised has actually fallen 20.1% since last summer when I last looked. It's still way, way, too high, but at least it's headed in the right direction. I've always expected this area of the Bay to crack first so maybe there is a glimmer of hope for you folks in the South Bay. Keep your fingers crossed.

P.S.
The houses that are selling are selling for 25ish % less than a year ago and sales volumes are lame.
Mind you, this is just a sample from one working class neighborhood. Probably high five figure incomes.

“Don’t be a boob: come to busty California.”

Warning: California contains chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

(I remember seeing something like this on a CCF cartoon.)