Pretty much what I expected. If you posted with regard to question I asked, point me to it. All I’ve heard is shadow, shadow, shadow. As I mentioned in another post, my 4 1/2 year old talks about the shadow inventory. We both believe that something is looming out there, we just have no idea where it is and when it will materialize.
I stated as much and based on your response(s), sounds like you don’t know either. If you don’t know what’s keeping it off the market, then how in the heck can you identify what’s going to make that change?
I don’t think it’s the seconds, at least not in any significant fashion. Loan mods might make a dent, but it sounds like those have still been coming slow in coming and don’t really work very effectively anyway (especially at So Cal valuations).
But again, I’ve admitted that I don’t know where they’re piling up. You seem to be in the same position (or you’d just answer the question and show us how clever you are).
No, I’m not a realtor. My handle is three years old. Do you think I thought the bottom was in back then? I certainly don’t right now. It’s simply where I’m from (S.D.) and what I considered clever wordplay at the time (seller, as in I’d sold my house, and cellar, as in basement/bottom/waiting for same[-ish]). For the record, I’m a software engineer. What do you do?
