Comments on: SF: State of the Market; 9/1/07 to 9/7/07 http://blog.redfin.com/sfbay/2007/09/sf_state_of_the_market_9107_to_9707.html Redfin Bay Area Sweet Digs Tue, 07 Feb 2012 16:59:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: scott.h http://blog.redfin.com/sfbay/2007/09/sf_state_of_the_market_9107_to_9707.html/comment-page-1#comment-1134 scott.h Tue, 11 Sep 2007 18:30:02 +0000 http://blog.redfin.com/sfbay/2007/09/sf_state_of_the_market_9107_to_9707.html#comment-1134 There absolutely is a lag effect. The terms of most of the sales we saw last week were set 15-30+ days ago when the properties went pending. So, there should be a lag period of at least that long before we start seeing the effects (or lack thereof) from any stimulus. For something like changes in the loan market, I think it may take even longer for the full effects to be seen since some buyers may be taking advantage of locked rates and solid loan commitments that predate the trouble in the debt markets. It might be interesting to track how many properties end up back on the market in any given week. Though a property could fall out of escrow for a number of reasons, it might give a feel for just how much rug pulling is going on. I will add that to the mix next week. There absolutely is a lag effect. The terms of most of the sales we saw last week were set 15-30+ days ago when the properties went pending. So, there should be a lag period of at least that long before we start seeing the effects (or lack thereof) from any stimulus. For something like changes in the loan market, I think it may take even longer for the full effects to be seen since some buyers may be taking advantage of locked rates and solid loan commitments that predate the trouble in the debt markets.

It might be interesting to track how many properties end up back on the market in any given week. Though a property could fall out of escrow for a number of reasons, it might give a feel for just how much rug pulling is going on. I will add that to the mix next week.

]]> By: dwg http://blog.redfin.com/sfbay/2007/09/sf_state_of_the_market_9107_to_9707.html/comment-page-1#comment-1132 dwg Tue, 11 Sep 2007 17:03:48 +0000 http://blog.redfin.com/sfbay/2007/09/sf_state_of_the_market_9107_to_9707.html#comment-1132 Do you think there may be a lag effect with respect to the recent credit issues, especially in the jumbo segment (which represents pretty much every property in SF) ?? Homes that closed this past week might have already had their loans approved and lenders weren't pulling the rug out from underneath them yet, as numerous other reports recently have suggested. Do you think there may be a lag effect with respect to the recent credit issues, especially in the jumbo segment (which represents pretty much every property in SF) ?? Homes that closed this past week might have already had their loans approved and lenders weren’t pulling the rug out from underneath them yet, as numerous other reports recently have suggested.

]]> By: gfw http://blog.redfin.com/sfbay/2007/09/sf_state_of_the_market_9107_to_9707.html/comment-page-1#comment-1115 gfw Mon, 10 Sep 2007 22:34:23 +0000 http://blog.redfin.com/sfbay/2007/09/sf_state_of_the_market_9107_to_9707.html#comment-1115 If you are interested in how the market is doing overall, you should also include in your analysis statistics regarding homes that have NOT sold. If you only look at "sold homes" you are going to have a biased sample. Additionally, if you can find statistics about homes not on the market, that would be even better. If you are interested in how the market is doing overall, you should also include in your analysis statistics regarding homes that have NOT sold. If you only look at “sold homes” you are going to have a biased sample. Additionally, if you can find statistics about homes not on the market, that would be even better.

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