<p>Good heavens, does anyone who needs a mortgage have a prayer of buying a house out there?</p>
<p>Housing in the West Bay is red hot，ppl buy everything in sight with cash。 It is quite different in East Bay， other than few spots， you still have a chance to buy a house with FHA loan。</p>
<p>That’s great jshain – nice spot to be in. Congrats! California market back to <em>normal</em> sounds like . . .</p>
<p>[Economist:</a> Marin real estate sales, prices will flourish in 2013 - Marin Independent Journal](<a href=“http://www.marinij.com/sanrafael/ci_22725280/economist-marin-real-estate-sales-prices-will-flourish]Economist:”>Economist: Marin real estate sales, prices will flourish in 2013 – Marin Independent Journal)</p>
<p>Foreclosures are way down in MA, inventories are terrible.</p>
<p>DW had a client who wanted to see 5 houses that had just come on the market. Within two days, all five were under agreement, and they never got to see any of them.</p>
<p>If a house is halfway nice at all, you have to move that day. </p>
<p>Lots of multiple bids, some stuff goes for over asking.</p>
<p>NOTHING FOR SALE within in one mile radius from a house I own. That is good, a 1000SF house around corner was for sale, only lasted for few days and I thought it was over priced.</p>
<p>Yeah…since the buyers market a couple of years ago, the housing market flipped.</p>
<p>Now it is
…</p>
<p>How is the home buying season going?</p>
<p>I am not sure if I want to sell my properties now, as I cannot replace them. There is nothing I can buy that makes money right away. I mind as well hold back and wait. Or rent them out for income.</p>
<p>Around me, foreclosures have pretty much disappeared, and DOM is really down. I hear other parts of the state are still buyers’ market though.</p>
<p>In my neighborhood, houses have been disappearing before they hit the market. On occasion a “coming soon” sign goes up or a “for sale” but are down within a day or 2 and replaced with an “under contract” sign.</p>
<p>Same here. My FIL up in the Sierra foothills had to move into assisted living - I put his house on the market for 20% more than its estimated value a year ago and sold it for 5% above that, with multiple offers. I’m scrambling around to get the furniture sold before COE. Crazy.</p>
<p>No inventory in NYC.</p>
<p>And you are still renting oldfort?</p>
<p>“Sierra foothills had to move into assisted living”</p>
<p>^^Should have bought in Eldorado Hills, plenty “Million” dollar homes sold for next to nothing. But its too far from work.</p>
<p>Yes, and love our rental. We started looking few months ago, but found many apartments are gone within days.</p>
<p>Loving your rental is great…</p>
<p>oldfort,</p>
<p>I thought you said you were in escrow, some thing happened?</p>
<p>We decided to rent because I didn’t love it. We thought we would move into a rental first before we decide to make anything too permanent. The apartment we are at now is very big and in a great location, so it is hard to settle for something less. We saw one apartment we liked a lot, gave full asking, provided financial information, but someone else bid above asking.</p>
<p>With all the experts on this thread, I thought I’d bump rather than start anew. We have a little different situation - we want to sell our house as a tear down (all indications are that it will probably bring more for the lot than the worn out house - location location location). And we’ve also heard that in our highly desirable commuter suburb, at this time we’d be smart to try to sell to a builder.</p>
<p>So I sent out a few feelers to some of the top local companies and have started getting responses - there is interest! We have no mortgage left so would use the proceeds for most of the purchase of a new home. Since our relocation destination of interest is San Diego, we might need to rent there for a while before finding a house - I have been keeping track of that hot market and understand it will be a challenge. The discrepancy between what we truly can afford and what DH wants is best left for another time ;).</p>
<p>Anyway, is there any advice on what we should ask the builders, or otherwise be aware of? One of them gave us a per foot price range (which is slightly under what we’d like). He essentially said they would buy for their inventory and we could rent back, which would work out well for us and give us some flexibility. Has anyone sold to a builder, or otherwise sold their lot for teardown? Is it worth registering on teardown.com? Any advice would be much appreciated!</p>
<p>Marilyn, I don’t know the answers to your questions.</p>
<p>If you don’t get an answer, start a thread with a new title that is relevant to your situation…</p>
<p>Good luck…</p>