Inventories up, buyers delaying home buying. More pain early next year with second round of lay-off.
12 replies (most recent on top)
BTW, I already know some people who have been notified by their manager. :(
The inventory is already up even before the layoffs occurred. Must be the other factors such as worries of interest rates, affordability, and other concerns.
OP is in RE business. SELL FAST, use his service.
Be realistic gyys. OP is right House price will drop with huge lay-off. No jobs around, have to move somewhere. Supply will exceed demand!
Be realistic gyys. OP is right House price will drop with huge lay-off. No jobs around, have to move somewhere. Supply will exceed demand!
I do have money. Lots of money. If I sell my homes, how else am I going to impress my girlfriends and get laid?
Its coming....sell now if you want to sell ( if you have multiyear holding power than you should be ok) before fed raises rates and don't be a fool to ignore impact of QCOM situation...it's your money.
Yeah, the total inventory crept up by an earth shattering, jaw dropping count last week...3 new houses listed.....The end of the world is coming!!!!!!!!!!!! http://www.sdlookup.com/Market-92130-Carmel_Valley
I think lot of folks are not counting on actual layoff and jumping to other opportunities before things get even worse. I have seen 8 people leaving in last 5-6 weeks in our dept... whoever has marketable skills is trying to leave...
I heard lot of Q folks listed their houses this weekend ( I am holding out for now)...should show up in data soon.
Layoffs have not even started; so wondering how bad real estate will be impacted when it happens.
News just hit market late last week and you know this already....WOW! You getting paid for this? Where is your market data?