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Housing Inventory Crisis will Continue in 2013
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2013 Mar 30, 8:01am 40,062 views 189 comments
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_
2013 Apr 17, 2:01am
Getting to market and sold is the final confirmation for me, from what I was seeing it took 12 months from NOD filing to finally foreclosure the home.
At the end of the year you can see how long the start to finish process takes. CA was much better than New York ... New York was pushing 1,000 plus days to foreclosure and CA was running in 300's.
Bubbabeefcake
2013 Apr 17, 2:15am
Getting to market and sold is the final confirmation for me, from what I was seeing it took 12 months from NOD filing to finally foreclosure the home.
Exactly the case, if they don't get a move on ...they'll be up to their eyeballs with a delinquency dilemma
Don't know what's going on in coastal cities. But here we are still very
productive in terms of generating heirs. 2+ children averagely for a family.
Even when I was on east coast a few years ago, 2 or more children was common.
Immigrants definitely play a role but our domestic reproducing rate isn't so bad
either.
http://blogs.wsj.com/economics/2013/03/14/u-s-birth-rates-remain-depressed/
Birthrate down 8.3% from peak, so I guess our domestic reproduction rate is miserable......
Bubbabeefcake
2013 Apr 17, 4:03am
Birthrate down 8.3% from peak, so I guess our domestic reproduction rate is miserable......
_
2013 Apr 17, 5:50am
Exactly the case, if they don't get a move on ...they'll be up to their eyeballs with a delinquency dilemma
AMEN... When already have twice as many delinquent loans to shadow inventory and this has been the case for a while now.
http://blogs.wsj.com/economics/2013/03/14/u-s-birth-rates-remain-depressed/
Birthrate down 8.3% from peak, so I guess our domestic reproduction rate is
miserable......
Totally understand. It has to be miserable in the last few years. If it becomes a trend, we will be in trouble.
However, we were talking about current house formation rate and it may or may not have anything to do with current birth rate.
_
2013 Apr 17, 1:23pm
see you in several months, as prices continue to climb.
Prices for sure are going up this year, there just isn't enough inventory coming to market fast enough. You would need a 2010 inventory but in a much bigger fashion since 2011 and 2012 were just awful years. Not going to get enough traditional and distress homes this year. Home builders aren't building enough SFR homes to make a major impact
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