It’s almost August and inventory isn’t rising in my zip code
but it’s not August yet. Buyers are in high gear now because they are hoping to close and move in before the beginning of the school year. One month from now the situation might be different. In Temecula the school begins on August 18th (I think)
At some point every house bought during the bubble will have been repo’d or shorted and replaced with owners that have fixed loans and wont be underwater, it’s scary, I’m gonna miss the damn boat!
I’d pick a street at random and make a list of all houses, and calculate how many bubble buyers are out and how many are still holding. When the ratio passes 50%, it’s time to start worrying.
