Not much to add to the last post – inventory dropping slowly, short sales still going up. Two things I find very interesting – looking back though, I think they are both things that have been becoming more interesting in the past month or so.
1) The rate at which the percent short has increased (green line in the second plot) has been incredibly consistent almost all year.
2) Inventory dropping slower than expected and short sales still increasing….Does that mean that all of the new listings are short sales? The people who are keeping their house on the market instead of pulling it off and waiting for spring are people who are close to must sell status? Hard to say, but I think the “spring rebound” will be very interesting to watch.
I need to alter the axis on the second figure, but time constraints of the day will put that off to later!
[img_assist|nid=5754|title= Total Listings and Short Sales|desc=|link=node|align=left|width=466|height=279]
[img_assist|nid=5755|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=279]
