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31
Goran_K
@
2012 Oct 22, 7:22am
Goran_K
@
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.
32
bubblesitter
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2012 Oct 22, 9:32am
bubblesitter
@
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