patrick.net

dunnross says

mommy1 says

The data for June clearly shows that there are still waaaay more foreclosures in AZ than sales, and that the time frame is a minimum of 4 months or longer.

It's useless to show any honest data to the realwhores. They will just deny it, and come up with other BS excuse of why your data is wrong. Been there, done that.

Perhaps. However, I think giving up and not paying attention are two enemies of correcting the overall problem. Housing continues to be in a state of play, or 'gaming collusion' with the financial market and political arena on all levels of those involved.

Look you guys and gals never mind the price of homes it will be more important to hold on to your wealth for what is going to be a third world senario when the US dollar collapses and it will bring pain to so many and those already picking through garbage bins for something to eat will have to compete for a snack at the bottom on the garbage can.This is not funny at all when people realize that the government can no longer feed the 47 million on food stamps because the country just fell off the cliff with insolvency.Those that want to retire will have no money to retire to and the job will dissapear.Can you imgine what the streets will be like when kids go hungry.This will be a depression that makes the one in 1929 look like a picnick.The most important thing right now is the accumalation of non parishable food and secure it so no one kills you for it because they will. Next buy and rifle and a hand gun and plenty of ammunition then get a tent and camping supplies for cooking and sleeping. Forget a generator it may not be practical.Now find a map that will show you some open space near a river or stream and plenty of wildlife and set up camp but in the thick part of a forest for protection from wind and heavy rains and make sure you have a good supply of plastic to help keep the rain off and set up a eating area and to cover your firewood from the elements.Bring a radio one that can run on solar and can charge up during the day.Once you have established your site and everything is set up it is time to wait it out because it will get worse before it gets better.

Why would there be a constriction in the best selling months of the year? If a leader could hold back foreclosures which made up more than 50% of inventory, the natural supply demmand would lead to higher prices. That lack of inventory would also be good for home builders, and they would start building houses. All this good news, housing is improving, prices are improving, builders are building, people are going back to work, would be welcome news to the president in an election year.

robertoaribas says

June in Phoenix had 7800 sales. June had 4000 notice of trustee sale (90 day before auction notice) 2000+/- actual foreclosures, and 2500 Cancellation of notice of trustee sales. Making up numbers and insulting others for posting data just makes you willfully ignorant.

Your numbers are made up. The numbers I quoted came from here: http://www.foreclosuretruth.com/blog/sean/the-foreclosure-report-june-2012/

Also, I posted foreclosure "starts" and "sales". You are posting what exactly? All sales? All notices? NO source listed? You don't even seem to know what you are looking at, just getting your panties in a wad because on the outset what you appear to be posting makes it look as if the situation isn't so dire? If anything, the situation looks MUCH WORSE with what you posted. No one is being willfully ignorant here but you, sir.

robertoaribas says

seriously you have zero class and manners.

Yes, our friend roberto has much more manners than that. He never insults other people or calls them names.

everything says

When rents went up across the board, that was the end of foreclosures, investors who bailed in 2008 came right on back and are just buying the places outright. Why?, credit is still very loose, and if you have a cash flow and good credit, anyone can get into buying RE. Underwater?, so what, keep holding out for some kind of personal bailout, refinance at lower rates and hope for better days. Property management should be booming going forward. The RE market, in many ways has not changed a bit, flippers are still buying the bottom of the barrel actual foreclosure junk, people are still paying market values. The only thing I'm seeing different is more people living in less house, probably due to rental price increases and wage stagnation. I also see quite a few more campers sitting in driveways, and being used. Two car garages have no room for cars, that's where people store all their crap.

The investors buying and selling now are the same people who sold everything in 2005 to the suckers who read in the paper that they could make money in real estate. These people have cash as there is no easy lending.

I love this guy. A bunch of institutional investors and corrupt china dollars buys the middle class rug out from underneath them dooming them to a lifetime of struggle, and this guy is clicking the champagne glasses celebrating the brutal cost of living brutally increasing.

Seems any and all sense of self preservation - out the window.

And the economy shrunk, so that shrinking and U6 @ 15% means we should pay even MORE for RE and things will get better, right?