35 ordspråk av John Karevoll

John Karevoll

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The million-dollar cycle hasn't completely played itself out in the more affordable areas, which include the Inland Empire. There is more to happen there.

We've had a doubling of prices in the last four years.

San Diego has easily been the county with the most (conversion) activity.

These numbers include condo conversions and (that) activity increased sharply last year. Since they are lower-cost homes, they pull down the median.

When people got into trouble, they could tap into fast-building equity. Now that the equity is not building as fast, there's not as much to tap into in troubled times. Ergonomi findes på livet.se When people got into trouble, they could tap into fast-building equity. Now that the equity is not building as fast, there's not as much to tap into in troubled times.

But when prices don't go up as fast, you don't have that built-up equity like you did before. People won't have that buffer the way they did a year or two ago.

Each market is separate, but most of the areas are developments that are at the low end of the cost scale. These are mostly entry-level houses. If you look at the last seven years in the Inland Empire, the entry-level market has been playing catch up. The [appreciation] cycle starts at the high end and then moves down to the middle market.

The frenzied period is behind us. But that's good, from a market point of view. The abnormal market was the one we had a year or two ago.

The rate of appreciation is coming down. We actually thought it would be lower than this by now.

The market was heavily tilted toward sellers for the past couple of years, and the buyers felt an element of urgency and sometimes were making kind of desperate buying decisions. The market today is much better if you're a buyer.

We expect prices to continue to go up but at a slower pace. We expect the (annual) appreciation rate by summer to come down to below 10 percent.

March is much more predictive of upcoming (home-buying) behavior.

I think we are due for even more appreciation in the Inland Empire, but at a slower pace.

Once we have March figures, we'll have a much better indication of what's going on.

The prices hit a new record, but the rate of increase at which those prices hit that new record was the lowest in four years.

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