Clearer sign of Real Estate crash across the US?
 

http://www.breitbart.com/news/2006/0....phgh289u.html

My comments: Although the San Diego market has shown signs of relative weakness for quite some time now, it is somewhat alarming to see market softness across a wide cross section of the overall US market. It is also very concerning to note that this is happening during SUMMER which is normally a busy buying season for real estate. If it happens in SUMMER then it might get worse during the normally slow WINTER sales cycle.

Your thoughts?

There is no money in real estate!

There hasn't been much movement where I'm at in the past 5 years atleast. Small ass college town, lots of rentals here but most action is in August.

I'm positioning myself to buy:)

Sort of backwards... summer is usually a terrible time to sell as people have much better things to do that trounce through houses... in my area, only now as we starting to see the start of the for sale signs going up getting ready for the september home season to start.

Things are slowing down, especially in those remote places that people were buying into only because they couldn't afford to be closer. Those are the places that the shit will hit the fan first.

if it crashes I would have thought it'd be a good time to buy

It's still crazy in Cali...

My house has been on the maret 5 months, and I'm dropping the price $10k in about 30 mins... I'm in the red $8k now.

A clear sign that you over paided for it to start with. How long have you owned it, maybe less than 2 years?

oh goody goody goody

Time to watch them, starve them and buy them for cheap!

It's probably gonna unravel over the course of several months (and if particularly severe, maybe even a year or two or several years:helpme ). Usually, market bottoms aren't detected after it's passed. :2 cents:

Just saw on CNN or MSNBC that Naples Florida has had a 48% drop in sales!