Right. Because the guy that delivers your mail (not that you know his name) should either move his family into an efficiency in a tenement or move out of California, entirely.

Well, he could also maybe just sit it out in a tiny place for a bit while the idiots who bought in 2005-2006 and the realtors who rode the wave go bankrupt, then walk in and buy (or rent) from the people that pick up the pieces.

I mean, either way would probably work. My guess your preference is the former.

Data does not lie. RealEstater does.

And why don’t you look at those data and tell me if they are better than 2007 or not? I already saw them.

>>The change is nothing but seasonal.

(Jeez…is the poet taking note?)

>>The real facts are in the data/statistics (not in Realtor’s description).

No more excuses. The site has every kind of data for every county, with links neatly organized and graphs plotted! The analysis is based on the data given.

Well, if you remove all the interesting phrases used (like “dramatic improvements”, “improved significantly”) , it does not tell much. After all, this description is coming from a Realtor who would like to tell us homes are “flying through windows”.

The real facts are in the data/statistics (not in Realtor’s description). The change is nothing but seasonal. And it is worse than 2007 year to year data.

http://www.creeksiderealty.com/bay_area_real_estate/2008/summary/4apr.htm

Here are some notable quotes:

>>SCC (Santa Clara County) & SMC (San Mateo County) are both off their record highs but have rebound the past two months. SCC & SMC are back to their March 2007 price levels.

>>The expensive communities (Palo Altos, Los Altos, Mt View, Sunnyvale, Cupertino, Saratoga, Los Gatos and Almaden Valley) are doing well and are at or near their record high prices
(Note: We’re talking about “Real Bay Area” here)

>>Although the volume of SFR transactions improved significantly since mid-January, with SCC improving from 50% to 65% of the normal volume. Despite this significant improvement, only 2001 had fewer transactions initiated. Because of the length of escrows, the volume of closings in March still set new record lows.
(Now we know why sales appears to be down)

>>The demand for housing close to the SMC/SCC border remains strong causing that area to appreciate. The San Mateo – Santa Clara County border tends to lead local real estate market trends.

>>There has been pretty dramatic improvements (reductions) in DUI (days of unsold inventory). Many SCC market areas have seen DUI cut in half.

>>The Mt View, Los Altos and Palo Alto area has only 60 DUI. Los Gatos and Saratoga with 128 DUI. We would consider both of these regions to be a Seller’s market.

>>The hottest price range remains between $1.000,000 and $2,500,000 with only 118 DUI.

IS THERE ANY DOUBT THE REAL BAY AREA MARKET IS EXTREMELY HEALTHY?

If anyone has content they think I should feature, please feel free to let me know!