From what I’ve seen, inventory has been building for the last three weeks on ZipRealty from just under 16,000 to over 17,000 last night.
I think this is the last hurrah, sdrealtor. Even if there are only 15,111 listings right now, I am certain there are at least 15,112 “greater fools” left to buy them all.
Once the punchbowl is taken away from the Alt-A buying crowd, though, the game is officially over. In other words, check back with us in two months and let’s see if there haven’t been a tremendous number of “back on market” listings. After all, Fremont and New Century just went out within the last three weeks…let’s give that at least a little bit of time to work its’ way through the system.
I remain unconvinced that things are as “good” as you say they are…maybe they are, maybe not.
