Originally Posted by sndral
Mmm, not sure where in California you are (I'm up North,) but the 2 real estate markets I watch like a hawk (where I'll be selling in a couple of years and where I'll be buying) are still down significantly from peak, although they have rebounded a bit since 2011, but the foreclosures looming suggest to me that what we may be seeing is a second dead cat bounce since the fall from peak.
It feels a bit like a feeding frenzy w/ DVC @ the moment, so I'll probably just wait awhile - unless the contract that suits me comes along.
My instinct is that generally DVC sales are more linked to the availibilty of credit for most - is that not the case? I thought I read that most direct DVC purchases where w/ financing, so wouldn't that be the trend to watch rather than the stock market? Resale buyers, I suspect, are more often cash buyers - so maybe that market is very different from direct buyers.
I'm talking about Orange County and Silicon Valley. All cash buyers too.