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An Antidote to Corporate Media
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bubblesitter
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2012 Oct 22, 6:15am
Very interesting market.
Indeed. It is very hard to get correct inventory snap shot. I only gauge the market by sale price of the mid to high tier(low end is highly rigged by investors/flippers) - of course by redfin data.
Goran_K
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2012 Oct 22, 7:16am
Indeed. It is very hard to get correct inventory snap shot. I only gauge the market by sale price of the mid to high tier(low end is highly rigged by investors/flippers) - of course by redfin data.
It's very difficult and I live a few blocks from Corelogic. :)
But E-man's numbers sort of strengthen my argument that shadow inventory isn't some fantasy, it's a legit threat to true market recovery.
Goran_K
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2012 Oct 22, 7:22am
In fact the massive unsold empty inventory lends a boost to a market recovery.
Yeah, that's kind of what I meant. I hope they liquidate it soon.
bubblesitter
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2012 Oct 22, 9:32am
Yeah, that's kind of what I meant. I hope they liquidate it soon.
A massive spike in prices in stock market and a 1% to 2% interest rate hike could send this housing market into serious trouble - don't forget the fact that post bubble buyers are surviving by refi'ing their mortgages.
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Foreclosures are 80 percent down, six SFRS are being offered in the neighborhood. Only 2 are short. Prices are up 10-15 percent year to year.
When do you see inventory increasing?
#housing